Jaws Mustang Acquisition Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
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Balance Sheets as of December 31, 2023 and 2022
BALANCE SHEETS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, 2023 · · December 31, 2022 | ||||||
| ASSETS | | | | | | |
| Current assets: | | | | | | |
| Cash | | $178,119 | | $116,808 | ||
| Prepaid expenses | | 11,826 | | 30,802 | ||
| Total Current Assets | | | 189,945 | | | 147,610 |
| | | | | | ||
| Cash and investments held in trust account | | | 23,004,146 | | | 1,050,320,264 |
| TOTAL ASSETS | | $23,194,091 | | $1,050,467,874 | ||
| | | | | | | |
| LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | | | ||||
| Current liabilities: | | | | | | |
| Accrued expenses | | $4,133,195 | | $3,804,109 | ||
| Total Current Liabilities | | 4,133,195 | | 3,804,109 | ||
| | | | | | | |
| Promissory note - related party | | | 500,000 | | | — |
| Working capital loan - related party | | | 500,000 | | | — |
| Warrant liabilities | | | 1,489,000 | | | 2,605,750 |
| Deferred underwriting fee payable | | — | | 36,225,000 | ||
| Total Liabilities | | 6,622,195 | | 42,634,859 | ||
| | | | ||||
| Commitments and Contingencies | | | ||||
| | | | | | | |
| Class A ordinary shares subject to possible redemption, 2,103,614 and 103,500,000 shares at approximately $10.94 and $10.15 per share redemption value as of December 31, 2023 and 2022, respectively | | | 23,004,146 | | | 1,050,320,264 |
| | | | ||||
| Shareholders’ Deficit | | | ||||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2023 and 2022 | | — | | — | ||
| Class B ordinary shares, $0.0001 par value; 60,000,000 shares authorized; 25,875,000 shares issued and outstanding as of December 31, 2023 and 2022 | | 2,588 | | 2,588 | ||
| Additional paid-in capital | | — | | — | ||
| Accumulated deficit | | (6,434,838) | | (42,489,837) | ||
| Total Shareholders’ Deficit | | (6,432,250) | | (42,487,249) | ||
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | | $23,194,091 | | $1,050,467,874 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.