Charlton Aria Acquisition Corp-A(CHAR) - 2025 Q2 - Quarterly Report

Financial Performance - For the three months ended June 30, 2025, the Company reported a net income of $778,024, primarily from interest and dividends earned on investments held in the trust account[106]. - The Company incurred formation and operating costs of $127,380 for the three months ended June 30, 2025, and $297,632 for the six months ended June 30, 2025[106][107]. - The Company has no revenue and has relied on the sale of securities and loans from the Sponsor to fund operations since inception[102]. IPO and Financing - The Company completed its IPO on October 25, 2024, raising gross proceeds of $75,000,000 from the sale of 7,500,000 units at $10.00 per unit[99]. - The underwriters received a cash underwriting discount of $0.15 per Public Unit, totaling $1,275,000, and a deferred fee of approximately $1,700,000 upon the consummation of an initial business combination[118]. - The Company may need to obtain additional financing to complete its Business Combination or due to significant redemptions of Public Shares[113]. Financial Position - As of June 30, 2025, the Company had cash of $48,631 and working capital of $112,601[109]. - The Company has no off-balance sheet financing arrangements as of June 30, 2025[115]. Management's Assessment - Management has raised substantial doubt about the Company's ability to continue as a going concern if a Business Combination is not completed by April 25, 2026[114]. - Management does not believe that any recently issued, but not effective, accounting standards would have a material effect on the unaudited financial statements[121]. - There were no critical accounting estimates identified that could significantly impact the financial statements[120]. - Management's estimates and assumptions could change in the near term due to future confirming events[120]. - The preparation of financial statements requires significant judgment from management regarding reported amounts of assets and liabilities[119]. Business Strategy - The Company intends to use funds held outside the Trust Account for identifying and evaluating target businesses and performing due diligence[111]. - The company is classified as a smaller reporting company and is not required to provide additional market risk information[122].