Company: JWSUF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001410578-25-001335
Chunk: 1

Company: Jaws Mustang Acquisition Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
Item 1. Condensed Interim Financial Statements.

​

JAWS MUSTANG ACQUISITION CORPORATION

CONDENSED BALANCE SHEETS

​

​​​​​​​​    March 31, 2025    ​​​​(Unaudited)​December 31, 2024ASSETS​​​​​​Current assets:​​​​​​Cash​$ 153,305​$ 319,207Prepaid expenses​  14,732​ ​ 18,910Total Current Assets​​ 168,037​​ 338,117​​ ​​ ​Cash held in Trust Account​​ 1,042,177​​ 1,035,353TOTAL ASSETS​$ 1,210,214​$ 1,373,470​​​​​​​LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT​   ​​ ​  ​Current liabilities:​​​​​​Accrued expenses​$ 1,363,620​$ 1,391,149Advance from related parties​​ 1,485,000​​ 1,485,000Total Current Liabilities​  2,848,620​ ​ 2,876,149​​​​​​​Promissory notes - related party​​ 1,400,000​​ 1,400,000Working capital loan - related party​​ 500,000​​ 500,000Warrant liabilities​​ 1,489,000​​ 1,116,750Total Liabilities​  6,237,620​ ​ 5,892,899​​   ​​ ​  ​Commitments and Contingencies​   ​​ ​  ​Class A ordinary shares subject to possible redemption, 89,480 shares at approximately $11.65 and $11.57 per share redemption value as of March 31, 2025 and December 31, 2024, respectively​​ 1,042,177​​ 1,035,353​​   ​​ ​  ​Shareholders’ Deficit​   ​​ ​  ​Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of March 31, 2025 and December 31, 2024​ —​ ​—Class A non-redeemable ordinary shares, $0.0001 par value; 600,000,000 shares authorized; 25,500