Charlton Aria Acquisition Corp-A(CHAR) - 2025 Q3 - Quarterly Report

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]. - Underwriters received a cash underwriting discount of $0.15 per Public Unit, totaling $1,275,000 at the IPO closing[122]. - A deferred fee of $0.20 per Public Unit, approximately $1,700,000 in total, will be payable upon the completion of an initial business combination[122]. - The Company has raised $25,000 from the Sponsor to cover certain offering costs and has no off-balance sheet financing arrangements as of September 30, 2025[111][119]. 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, with interest and dividends from the trust account totaling $2,719,802[110]. - The Company incurred formation and operating costs of $406,709 for the nine months ended September 30, 2025[110]. - As of September 30, 2025, the Company had cash of $10,775 and working capital of $3,618[112]. Business Operations and Future Plans - The Company has no revenue and has relied on the sale of securities and loans from the Sponsor to fund operations since inception[105]. - The Company intends to use funds held outside the Trust Account for identifying and evaluating target businesses and completing a Business Combination[115]. - The Company may need additional financing to complete a Business Combination or to cover redemptions of Public Shares[117]. - 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 if adopted[125]. - The company qualifies as a smaller reporting company and is not required to provide additional market risk disclosures[126].