OTAI
OTAI-UNCIK 0002094076
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net income -$32,856. – IPO completed May 2026; 12-month combination deadline set for May 2027
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Latest financial statements
From 10-Q filed Sep 14, 2026 (period ending Jul 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
| Description | Three months ended July 31, 2026 | Six months ended July 31, 2026 |
|---|---|---|
| General and administrative expenses | 140,167 | 173,023 |
| Loss from operations | (140,167) | (173,023) |
| Other income | ||
| Interest earned on investments held in Trust Account | 847,992 | 847,992 |
| Total other income | 847,992 | 847,992 |
| Net income | 707,825 | 674,969 |
| Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption | 9,157,609 | 4,654,696 |
| Basic and diluted net income per share, ordinary shares subject to possible redemption | 0.06 | 0.09 |
| Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares(1)(2) | 2,918,753 | 2,712,847 |
| Basic and diluted net income per share, non-redeemable ordinary shares | 0.06 | 0.09 |
Condensed Balance Sheets
| Description | July 31, 2026 (Unaudited) | January 31, 2026 |
|---|---|---|
| Assets: | ||
| Current Assets | ||
| Cash | 545,960 | 100,000 |
| Prepaid expenses | 86,076 | - |
| Total Current Assets | 632,036 | 100,000 |
| Deferred offering costs | - | 232,134 |
| Investments held in Trust Account | 106,372,992 | - |
| Total Assets | 107,005,028 | 332,134 |
| Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | 18,854 | 3,000 |
| Due to related party | 34,877 | 58,921 |
| Promissory note related party | - | 300,000 |
| Total Current Liabilities | 53,731 | 361,921 |
| Deferred underwriting fee payable | 3,675,000 | - |
| Total Liabilities | 3,728,731 | 361,921 |
| Commitments and Contingencies – see Note 6 | ||
| Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 10,500,000 shares at redemption value of $10.13 per share as of July 31, 2026 and 0 shares subject to possible redemption as of January 31, 2026 | 106,372,992 | - |
| Shareholders’ Deficit | ||
| Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 3,001,250(1)(2) shares and 2,875,000(1) shares issued and outstanding as of July 31, 2026 and January 31, 2026, respectively (excluding 10,500,000 and 0 shares subject to possible redemption as of July 31, 2026 and January 31, 2026, respectively) | 300 | 287 |
| Additional paid-in capital | - | 24,713 |
| Accumulated deficit | (3,096,995) | (54,787) |
| Total Shareholders’ Deficit | (3,096,695) | (29,787) |
| Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | 107,005,028 | 332,134 |
Condensed Statement of Cash Flows (Unaudited)
| Description | Six months ended July 31, 2026 |
|---|---|
| Net income | 674,969 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Interest earned on investments held in Trust Account | (847,992) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (86,076) |
| Accounts payable and accrued expenses | 15,854 |
| Due to related party for administrative service fee | 27,741 |
| Net cash used in operating activities | (215,504) |
| Cash Flows from Investing Activities: | |
| Cash held in Trust Account | (105,525,000) |
| Net cash used in investing activities | (105,525,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Public Units | 105,000,000 |
| Proceeds from sale of Private Units | 2,262,500 |
| Repayment of promissory note related party | (300,000) |
| Repayment of related party advance | (51,786) |
| Payment of underwriter fees | (472,500) |
| Payment of offering costs | (251,750) |
| Net cash provided by financing activities | 106,186,464 |
| Net Changes in Cash | 445,960 |
| Cash Beginning of period | 100,000 |
| Cash End of period | 545,960 |
| Supplemental Disclosure of Non-cash Financing Activities: | |
| Remeasurement of carrying value to redemption value | 847,992 |
| Accretion of carrying value to redemption value of redeemable ordinary shares | 9,325,958 |
| Fair value of Representative Shares included in deferred offering costs | 234,000 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗