SEDAR Interim Financial Statements

[ { "companyName": "MAK Acquisition Corp.", "reportingPeriodEnd": "2025-12-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cash": 1593726, "prepaidExpensesAndDeposits": 59313, "restrictedCashAndShortTermInvestmentsHeldInEscrow": 101006714, "totalAssets": 102659753, "tradeAndOtherPayables": 136671, "loansAndBorrowings": 1046516, "deferredUnderwritersCommission": 5500000, "classARestrictedVotingSharesSubjectToRedemption": 97500000, "warrantLiability": 1986854, "totalLiabilities": 106170041, "shareCapital": 1800742, "deficit": -5311030, "totalShareholdersDeficiency": -3510288, "cashPerShare": 0.7349, "workingCapitalPerShare": 0.2167 }, "incomeStatement": { "interestIncome": 506714, "transactionCosts": 6386607, "generalAndAdministrative": 53159, "netUnrealizedGainOnChangesInFairValueOfFinancialLiabilities": -622022, "netLoss": -5311030, "netLossPerClassBShareBasicAndDiluted": -2.45, "weightedAverageNumberOfClassBSharesOutstandingBasicAndDiluted": 2168595 }, "cashFlowStatement": { "netLoss": -5311030, "adjustmentsTransactionCostsAssociatedWithFinancingActivities": 6386607, "netUnrealizedGainOnChangesInFairValueOfFinancialLiabilities": -622022, "changesInPrepaidExpensesAndDeposits": -59313, "changesInTradeAndOtherPayables": 136671, "cashFromOperatingActivities": 530913, "cashAndShortTermInvestmentsHeldInEscrow": -101006714, "cashUsedInInvestingActivities": -101006714, "proceedsFromIssuanceOfClassARestrictedVotingUnits": 100000000, "proceedsFromIssuanceOfClassBShares": 24990, "proceedsFromIssuanceOfClassBUnits": 1890000, "proceedsFromLoansAndBorrowings": 1046516, "transactionCosts": -891989, "cashFromFinancingActivities": 102069517, "netChangeInCashDuringThePeriod": 1593716, "cashBeginningOfPeriod": 10, "cashEndOfPeriod": 1593726 }, "investmentsAndOtherAssets": [ { "type": "Marketable Securities", "description": "Investments in United States Treasury Bills held in escrow", "ownershipPercentage": null, "value": 101006714, "notes": "Held in escrow account for Qualifying Acquisition or redemptions; includes accrued interest" } ], "shareStructure": { "authorizedShares": "100,000,000 Class A Restricted Voting Shares, 100,000,000 Class B Shares, up to 250,000,000 Subordinate Voting Shares, up to 10,000,000 Multiple Voting Shares, up to 40,000,000 Preference Shares", "issuedShares": 2736350, "classesOfShares": [ "Class A Restricted Voting Shares", "Class B Shares", "Subordinate Voting Shares", "Multiple Voting Shares", "Preference Shares" ], "warrants": [ { "number": 5094500, "exercisePrice": 11.5, "expiryDate": null } ], "options": [], "rightsConvertibleInstruments": "Class A Restricted Voting Shares convert to Subordinate Voting Shares, Class B Shares convert to Multiple Voting Shares upon Qualifying Acquisition" }, "managementCompensation": { "currency": "USD", "periods": { "threeMonthsEndedDecember312025": {} }, "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Sponsors", "description": "Administrative services agreement for $15,000 per month", "amount": 30000, "period": "three months ended December 31, 2025" }, { "counterparty": "Sponsors", "description": "Non-interest-bearing loans and borrowings due on demand", "amount": 1046516, "period": "as of December 31, 2025" } ] }, "subsequentEvents": [] } ]