| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Income | -$87K | — | +49.1% |
| Net Income | $700K | — | -4.3% |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Cash & Equivalents | $5K | -10.5% | -97.5% |
| Current Assets | $12K | -9.3% | -95.9% |
| Total Assets | $90.2M | +0.9% | +3.7% |
| Current Liabilities | $284K | +43.0% | +442.7% |
| Total Liabilities | $2.0M | +4.5% | +13.2% |
| Stockholders' Equity |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$43K | — | +83.7% |
| Financing Cash Flow | $42K | — | — |
Business Overview
Charlton Aria Acquisition Corporation is a blank check company incorporated in the Cayman Islands on March 22, 2024, formed to effect a merger, share exchange, or similar business combination with one or more operating businesses. As of March 31, 2026, the Company had not commenced operations and was in the search phase for identifying a prospective target business, having completed its IPO in October 2024 that raised $75 million in gross proceeds. The Company must consummate its initial business combination by July 25, 2026 (following a three-month extension funded by the sponsor on April 24, 2026), or it will be required to liquidate and return funds to public shareholders.
Forward Guidance
"The Company will have until April 25, 2026 (or 18 months from the consummation of the IPO) to consummate its initial business combination. If it anticipates that it may not be able to consummate its initial business combination by then, it may, but is not obligated to, extend the period of time to consummate an initial business combination two times by an additional three months each time (until July 25, 2026 or October 25, 2026, or up to 21 months or 24 months from the consummation of the IPO to complete an initial business combination)." The Company expects to incur significant professional costs and transaction costs in pursuit of completing an initial business combination, though there is no assurance such efforts will be successful.
Key Risk Factors
The Company faces substantial uncertainty regarding its ability to complete an initial business combination within the extended deadline of July 25, 2026, raising going concern doubts. Geopolitical risks, including the military action in Ukraine and related economic sanctions, may materially affect the Company's ability to consummate a transaction or the operations of target businesses, with potential impacts on financing availability and market conditions. The Company has a working capital deficit of $271,825 as of March 31, 2026 and limited cash resources, relying on working capital loans from related parties to fund ongoing operations. Additionally, the sponsor's indemnification obligations to protect the trust account may be uncollectible, as the sponsor's only assets are Company securities. There is no assurance the Company will successfully identify and complete an initial business combination meeting the minimum 80% fair market value requirement.
| -$2.0M |
| -4.6% |
| -35.0% |