Financial Performance - As of September 30, 2025, the company reported a net income of $604,594, primarily from gains on the change in fair value of over-allotment liability and interest income from marketable securities[117]. - For the three months ended September 30, 2025, the company recorded a net income of $566,442, with operating expenses amounting to $71,193[118]. - The company has no revenue and has incurred losses since inception, relying on working capital from the IPO and private placement to fund operations[115]. IPO and Fundraising - The company completed its IPO on May 30, 2025, raising gross proceeds of $50 million from the sale of 5,000,000 Units at $10.00 per Unit[111]. - An additional 595,000 Units were sold under the over-allotment option, generating gross proceeds of $5.95 million[111]. - The company plans to use the net proceeds from the IPO to acquire target businesses and cover related expenses, including a deferred underwriting commission of $559,500[121]. Financial Position - As of September 30, 2025, the company had cash of $1,439,631 and marketable securities in the Trust Account totaling $56,875,827[120]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025[125][126]. Business Operations - The company must complete a business combination by August 30, 2026, or it will proceed with voluntary liquidation[124]. - The company has classified its ordinary shares subject to possible redemption as temporary equity, affecting the earnings per share calculations[131]. Regulatory Changes - FASB issued ASU 2023-07 requiring annual and interim disclosures of significant segment expenses and aggregate segment items for fiscal years beginning after December 15, 2023[134]. - ASU 2023-09 mandates incremental income tax information disclosures effective for fiscal years starting after December 15, 2024, with early adoption permitted[135]. - ASU 2024-03 requires public entities to disclose detailed expense information for income statement line items, effective for annual periods beginning after December 15, 2026[136]. - Management believes that the adoption of ASU 2023-09 and ASU 2024-03 will not have a material impact on financial statements and disclosures[135][136]. Market Risk Disclosures - As a smaller reporting company, the entity is not required to make disclosures about market risk[139].
Wintergreen Acquisition Corp Unit(WTGUU) - 2025 Q3 - Quarterly Report