Swiftmerge Acquisition Corp
For the period ended Jun 30, 2024. Filed Aug 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 29, 2024
ANNA$2.04+4.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2024 (Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $2,633 | $148,349 |
| Prepaid expenses | 42,525 | — |
| Total current assets | 45,158 | 148,349 |
| Investments held in Trust Account | 13,534,219 | 24,376,178 |
| TOTAL ASSETS | $13,579,377 | $24,524,527 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $2,364,888 | $2,015,734 |
| Accrued offering costs | 311,430 | 311,430 |
| Due to Sponsor | 2,284 | 2,284 |
| Accrued expenses | 346,407 | 185,310 |
| Accrued expenses - related party | 61,516 | 55,516 |
| Promissory note - related party | 711,000 | 600,000 |
| Due to related party | 200,000 | — |
| Total current liabilities and total liabilities | 3,997,525 | 3,170,274 |
| Commitments and Contingencies (Note 6) | ||
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,214,913 and 2,246,910 shares issued and outstanding at redemption value of $11.06 and $10.80 per share as of June 30, 2024 and December 31 2023, respectively | 13,434,219 | 24,276,178 |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding | — | — |
| Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 3,375,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively (excluding 1,214,913 and 2,246,910 shares subject to possible redemption as of June 30, 2024 and December 31 2023, respectively) | 337 | 337 |
| Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 2,250,000 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 225 | 225 |
| Accumulated deficit | (3,852,929) | (2,922,487) |
| Total Shareholders’ Deficit | (3,852,367) | (2,921,925) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $13,579,377 | $24,524,527 |
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