Three Lions Acquisition Corp. has filed an unaudited balance sheet as of September 2, 2026, following the consummation of its initial public offering (IPO). The company, a Cayman Islands exempted company, reported total assets of $101,756,990.
The balance sheet reflects the receipt of gross proceeds from the IPO and a concurrent private placement. The IPO consisted of 10,000,000 units sold at $10.00 per unit, generating $100,000,000. Simultaneously, the company completed a private placement of 400,000 units at $10.00 per unit, raising an additional $4,000,000.
Of the total funds raised, $100,500,000 has been deposited into a trust account. This amount corresponds to the redemption value of 10,000,000 ordinary shares, recorded at $10.05 per share. The remaining assets include $1,236,590 in cash and $20,400 in prepaid expenses.
Liabilities and equity details include $139,280 in accrued offering costs, $34,196 in accrued expenses, $49,899 due to the sponsor, $150,000 in a promissory note related to a party, and $91,400 in over-allotment option liability. Shareholders' equity is reported at $792,215, comprising 4,433,333 issued ordinary shares with a par value of $0.0001 per share, $935,064 in additional paid-in capital, and a subscription share receivable of $26,739.
The company has not commenced any operations as of the reporting date, with all activity related to the IPO and private placement.
