Jaws Mustang Acquisition Corp
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 26, 2025
JWSMFStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2024 and 2023
BALANCE SHEETS
| | | | | | | |
|---|---|---|---|---|---|---|
| | December 31, 2024 | December 31, 2023 | ||||
| ASSETS | | | | | | |
| Current assets: | | | | | | |
| Cash | | $319,207 | | $178,119 | ||
| Prepaid expenses | | 18,910 | | 11,826 | ||
| Total Current Assets | | | 338,117 | | | 189,945 |
| | | | | | ||
| Cash held in trust account | | | 1,035,353 | | | 23,004,146 |
| TOTAL ASSETS | | $1,373,470 | | $23,194,091 | ||
| | | | | | | |
| LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | | | ||||
| Current liabilities: | | | | | | |
| Accrued expenses | | $1,391,149 | | $4,133,195 | ||
| Advance from related parties | | | 1,485,000 | | | — |
| Total Current Liabilities | | 2,876,149 | | 4,133,195 | ||
| | | | | | | |
| Promissory notes - related party | | | 1,400,000 | | | 500,000 |
| Working capital loan - related party | | | 500,000 | | | 500,000 |
| Warrant liabilities | | | 1,116,750 | | | 1,489,000 |
| Total Liabilities | | 5,892,899 | | 6,622,195 | ||
| | | | ||||
| Commitments and Contingencies | | | ||||
| | | | | | | |
| Class A ordinary shares subject to possible redemption, 89,480 and 2,103,614 shares at approximately $11.57 and $10.94 per share redemption value as of December 31, 2024 and 2023, respectively | | | 1,035,353 | | | 23,004,146 |
| | | | ||||
| Shareholders’ Deficit | | | ||||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2024 and 2023 | | — | | — | ||
| Class A non-redeemable ordinary shares, $0.0001 par value; 600,000,000 shares authorized; 25,500,000 and 0 issued and outstanding as of December 31, 2024 and 2023, respectively | | | 2,550 | | | — |
| Class B ordinary shares, $0.0001 par value; 60,000,000 shares authorized; 375,000 and 25,875,000 shares issued and outstanding as of December 31, 2024 and 2023, respectively | | 38 | | 2,588 | ||
| Additional paid-in capital | | — | | — | ||
| Accumulated deficit | | (5,557,370) | | (6,434,838) | ||
| Total Shareholders’ Deficit | | (5,554,782) | | (6,432,250) | ||
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | | $1,373,470 | | $23,194,091 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.