Charlton Aria Acquisition Corporation(CHARU) - 2025 Q3 - Quarterly Report

Financial Performance - For the three months ended September 30, 2025, the Company reported a net income of $806,989, primarily from interest and dividends earned on investments held in the trust account [109]. - For the nine months ended September 30, 2025, the Company had a net income of $2,316,270, driven by interest and dividends of $2,719,802 [110]. - The Company has incurred losses since inception, with a net loss of $331,524 for the period from March 22, 2024, through September 30, 2024 [110]. - As of September 30, 2025, the Company had cash of $10,775 and working capital of $3,618 [112]. - The Company has no revenue and has relied on the sale of securities and loans from the Sponsor to fund operations [105]. IPO and Fundraising - 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 [102]. - The underwriters exercised an over-allotment option, purchasing 1,000,000 additional Public Units for gross proceeds of $10,000,000 on November 19, 2024 [104]. - Underwriters received a cash underwriting discount of $0.15 per Public Unit, totaling $1,275,000 [122]. - A deferred fee of $0.20 per Public Unit, approximately $1,700,000, will be payable upon the completion of an initial business combination [122]. Business Strategy and Future Outlook - The Company intends to use funds held outside the Trust Account for identifying and evaluating target businesses and completing a Business Combination [115]. - 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 [118]. Accounting and Reporting - Management does not identify any critical accounting estimates that could materially affect the financial statements [124]. - Recent accounting standards are not expected to have a material effect on the unaudited financial statements [125]. - The company qualifies as a smaller reporting company and is not required to provide additional market risk disclosures [126]. Financing Arrangements - The Company has no off-balance sheet financing arrangements as of September 30, 2025 [119].