NASDAQ: USDE
StableCoinX Inc.CIK 0002080215 · SIC 6199 · Finance Services
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StablecoinX Inc. files 424B3 prospectus supplement for up to 68.3M Class A shares and 11.5M warrants in SPAC merger with TLGY
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Six months ended June 30, 2026 | period from June 30, 2025 (Inception) through 2025 |
|---|---|---|---|
| Revenue | 62,372 | 63,038 | - |
| Operating expenses: | |||
| Cost of revenue | 24,804 | 24,804 | - |
| Selling, general and administrative | 175,843 | 480,848 | 26,071 |
| Research and development | 24,804 | 138,711 | - |
| Amortization expense | 25,125 | 50,250 | - |
| Impairment of digital intangible assets | 36,201,740 | 36,201,740 | - |
| Change in fair value of digital assets restricted | 17,659 | 46,116 | - |
| Change in fair value of liabilities denominated in digital assets | (24,135) | (24,135) | - |
| Change in fair value of related party demand notes | (17,659) | (46,116) | - |
| Total operating expenses | 36,428,181 | 36,872,218 | 26,071 |
| Loss from operations | (36,365,809) | (36,809,180) | (26,071) |
| Change in fair value of warrant liabilities | (2,185,000) | (2,185,000) | - |
| Loss before income taxes | (34,180,809) | (34,624,180) | (26,071) |
| Provision for income taxes | - | - | - |
| Net loss | (34,180,809) | (34,624,180) | (26,071) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 2,238,201 | 1,473,349 | 700,000 |
| Net loss per share attributable to common stockholders, basic and diluted | (15.27) | (23.50) | (0.04) |
Condensed Consolidated Balance Sheets (Unaudited)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets: | ||
| Current assets: | ||
| Cash | 18,856,144 | 18,708 |
| Digital assets receivable related party | 61,468 | - |
| Digital assets restricted | 53,366 | 97,912 |
| Prepaid insurance | 25,210 | 105,065 |
| Prepaid expenses and other current assets | 42,149 | 10,000 |
| Total current assets | 19,038,337 | 231,685 |
| Digital intangible assets | 212,918,841 | - |
| Intangible assets, net | 602,000 | 452,250 |
| Total assets | 232,559,178 | 683,935 |
| Liabilities and stockholders’ equity: | ||
| Current liabilities: | ||
| Convertible demand notes payable former sponsors | 6,879,325 | - |
| Demand notes related party | 118,796 | 97,912 |
| Accounts payable | 216,764 | 4,386 |
| Accounts payable related party | 340,000 | 20,800 |
| Accrued expenses | 6,022,119 | 39,900 |
| Total current liabilities | 13,577,004 | 162,998 |
| Warrant liability | 4,715,000 | - |
| Total liabilities | 18,292,004 | 162,998 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Preferred stock - $0.0001 par value; 1,000,000 and zero shares authorized at June 30, 2026 and December 31, 2025, respectively; zero shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively | ||
| Class A common stock $0.0001 par value; 500,000,000 and 50,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 24,029,375 and zero shares issued or outstanding at June 30, 2026 and December 31, 2025, respectively | 2,403 | - |
| Class B common stock $0.0001 par value; 50,000,000 and 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 3,157,754 and 700,000 shares issued or outstanding as of June 30, 2026 and December 31, 2025, respectively; | 316 | 70 |
| Additional paid-in capital | 249,170,198 | 802,430 |
| Accumulated deficit | (34,905,743) | (281,563) |
| Total stockholders’ equity | 214,267,174 | 520,937 |
| Total liabilities and stockholders’ equity | 232,559,178 | 683,935 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | period from June 30, 2025 (Inception) through 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (34,624,180) | (26,071) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 8,082 | - |
| Impairment of digital assets | 36,201,740 | - |
| Amortization expense | 50,250 | - |
| Change in fair value of digital assets restricted | 46,116 | - |
| Change in fair value of related party demand notes | (46,116) | - |
| Change in fair value of warrant liabilities | (2,185,000) | - |
| Staking revenue from digital assets | (1,570) | - |
| Changes in operating assets and liabilities: | ||
| Digital assets receivable related party | (61,468) | - |
| Prepaid insurance | 79,855 | - |
| Accounts payable | 12,378 | - |
| Accounts payable related party | 340,000 | 26,071 |
| Accrued expenses | 98,233 | - |
| Net cash provided by operating activities | (81,680) | - |
| Cash flows from financing activities: | ||
| Proceeds from issuance of demand notes related party | 67,000 | - |
| Merger and PIPE financing | 18,852,116 | - |
| Net cash provided by financing activities | 18,919,116 | - |
| Net change in cash | 18,837,436 | - |
| Cash beginning of period | 18,708 | - |
| Cash end of period | 18,856,144 | - |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Contribution of intangible asset | - | 502,500 |
| Loan of digital assets and issuance of related party demand notes | - | - |
| Receivable from stockholders for Class B common stock issuance | - | 300,000 |
| Contribution of digital intangible assets | 249,120,581 | - |
| Assumption of warrant liabilities | 6,900,000 | - |
| Assumption of convertible demand notes payable sponsors | 5,883,986 | - |
| Transaction costs in accounts payable and accrued liabilities | 3,481,156 | - |
| Capitalized software costs included in accounts payable | 200,000 | |
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 ↗