Company: JWSUF
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001410578-25-001671
Chunk: 1

Company: Jaws Mustang Acquisition Corp
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1. Condensed Interim Financial Statements.

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JAWS MUSTANG ACQUISITION CORPORATION

CONDENSED BALANCE SHEETS

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​​​​​​​​    June 30, 2025    ​​​​(Unaudited)​December 31, 2024ASSETS​​​​​​Current assets:​​​​​​Cash​$ 38,297​$ 319,207Prepaid expenses​  22,971​ ​ 18,910Total Current Assets​​ 61,268​​ 338,117​​ ​​ ​Cash held in Trust Account​​ 1,049,122​​ 1,035,353TOTAL ASSETS​$ 1,110,390​$ 1,373,470​​​​​​​LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT​   ​​ ​  ​Current liabilities:​​​​​​Accrued expenses​$ 1,395,847​$ 1,391,149Advance from related parties​​ 1,485,000​​ 1,485,000Total Current Liabilities​  2,880,847​ ​ 2,876,149​​​​​​​Promissory notes - related party​​ 1,400,000​​ 1,400,000Working capital loan - related party​​ 500,000​​ 500,000Warrant liabilities​​ 1,116,750​​ 1,116,750Total Liabilities​  5,897,597​ ​ 5,892,899​​   ​​ ​  ​Commitments and Contingencies​   ​​ ​  ​Class A ordinary shares subject to possible redemption, 89,480 shares at approximately $11.72 and $11.57 per share redemption value as of June 30, 2025 and December 31, 2024, respectively​​ 1,049,122​​ 1,035,353​​   ​​ ​  ​Shareholders’ Deficit​   ​​ ​  ​Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024​  —​ ​—Class A non-redeemable ordinary shares, $0.0001 par value; 600,000,000 shares authorized; 25,500