WLCOU
WLCOUCIK 0002101470
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WLCOU SPAC prices $200M IPO at $10/unit; founder shares bought at $0.004 create 20% insider stake
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Latest financial statements
From 10-Q filed Aug 13, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Six months ended June 30, 2026 |
|---|---|---|
| General and administrative expenses | 80,400 | 95,885 |
| Loss from operations | (80,400) | (95,885) |
| Other income: | ||
| Interest earned on marketable securities held in Trust Account | 178,997 | 178,997 |
| Net income | 98,597 | 83,112 |
| Weighted average shares outstanding, Class A ordinary shares | 2,274,725 | 1,143,646 |
| Basic net income per share, Class A ordinary shares | 0.01 | 0.01 |
| Weighted average shares outstanding, Class A ordinary shares | 2,274,725 | 1,143,646 |
| Diluted net income per share, Class A ordinary shares | 0.01 | 0.01 |
| Weighted average shares outstanding, Class B ordinary shares (1) | 5,074,176 | 5,037,293 |
| Basic net income per share, Class B ordinary shares | 0.01 | 0.01 |
| Weighted average shares outstanding, Class B ordinary shares (1) | 5,750,000 | 5,377,072 |
| Diluted net income per share, Class B ordinary shares | 0.01 | 0.01 |
Condensed Balance Sheets
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 289,670 | 39,520 |
| Prepaid expenses | 87,417 | 10,000 |
| Total current assets | 377,087 | 49,520 |
| Deferred offering costs | — | 113,232 |
| Marketable securities held in Trust Account | 230,178,997 | — |
| Total Assets | 230,556,084 | 162,752 |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | ||
| Liabilities: | ||
| Current liabilities | ||
| Accrued offering costs | 100,000 | 63,232 |
| Accounts payable and accrued expenses | 23,310 | 29,129 |
| Due to Sponsor | 42,259 | — |
| Promissory note related party | — | 112,420 |
| Total current liabilities | 165,569 | 204,781 |
| Deferred underwriting fee | 9,800,000 | — |
| Total Liabilities | 9,965,569 | 204,781 |
| Commitments and Contingencies (Note 6) | ||
| Class A Ordinary Shares subject to Possible Redemption | ||
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 23,000,000 and none shares at redemption value of $10.01 and $0.00 per share as of June 30, 2026 and December 31, 2025, respectively | 230,178,997 | — |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | — | — |
| Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding (excluding 23,000,000 and none shares subject to possible redemption) as of June 30, 2026 and December 31, 2025 | — | — |
| Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025 (1) | 575 | 575 |
| Additional paid-in capital | — | 24,425 |
| Accumulated deficit | (9,589,057) | (67,029) |
| Total Shareholders’ Deficit | (9,588,482) | (42,029) |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | 230,556,084 | 162,752 |
Condensed Statement of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 |
|---|---|
| Net income | 83,112 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Interest earned on marketable securities held in Trust Account | (178,997) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (87,417) |
| Due to Sponsor | 42,259 |
| Accounts payable and accrued expenses | (5,819) |
| Net cash used in operating activities | (146,862) |
| Cash Flows from Investing Activities: | |
| Investment of cash in Trust Account | (230,000,000) |
| Net cash used in investing activities | (230,000,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Public Units, net of underwriting discounts paid | 226,000,000 |
| Proceeds from sale of Private Placement Warrants | 5,000,000 |
| Proceeds from promissory note related party | 100,000 |
| Repayment of promissory note related party | (267,258) |
| Payment of offering costs | (435,730) |
| Net cash provided by financing activities | 230,397,012 |
| Net Change in Cash | 250,150 |
| Cash and cash equivalents Beginning of period | 39,520 |
| Cash and cash equivalents End of period | 289,670 |
| Supplemental disclosure of noncash investing and financing activities: | |
| Offering costs included in accrued offering costs | 318,768 |
| Deferred offering costs paid through promissory note related party | 54,838 |
| Deferred underwriting fee | 9,800,000 |
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 ↗