Ribbon Acquisition Corp.
Business
Ribbon Acquisition Corp. is a Cayman Islands special purpose acquisition company formed to identify and consummate a merger, share exchange, asset acquisition, recapitalization, reorganization or similar business combination with one or more target businesses. It provides blank-check investment vehicle services, including sourcing, evaluating, structuring and executing business combinations and offering target companies access to U.S. public capital markets through its public securities and trust-account structure. Its activities center on management-led deal sourcing, due diligence and transaction execution leveraging sponsor, affiliate and industry relationships. It pursues targets across industries and geographies, notes management experience in the Asia Pacific region, excludes initial combinations based in or primarily operating in Greater China, and maintains a Nasdaq listing.
Summary from filing dated 2025-04-01
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Administrative fee | 1 | |
| Total operating expenses | 1 | |
| Loss from Operations | −1 | |
| Income earned on marketable securities held in Trust Account | 2 | |
| Net income (loss) | 690,218 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-07-31 |
|---|---|---|---|---|
| Cash | 11,497 | — | — | |
| Deferred offering costs | — | 508,662 | — | |
| Prepaid expense | 39,332 | — | — | |
| Total Current Assets | 50,829 | 508,662 | — | |
| Cash and marketable securities held in the trust | 52 | — | — | |
| Total Assets | 52 | 508,662 | — | |
| Accrued expenses | 192,002 | 229,025 | — | |
| Other payable | 415,000 | — | — | |
| Total current liabilities | 607,002 | 493,967 | — | |
| Deferred Underwriting Commission | 2 | — | — | |
| Total liabilities | 3 | 493,967 | — | |
| Commitment and contingencies (Note 6) | — | — | — | |
| Additional paid-in capital | — | 24,875 | — | |
| Accumulated deficit | −344,465 | −10,305 | — | |
| Total shareholders (deficit) equity | −344,318 | 14,695 | — | |
| Total liabilities and shareholders (deficit) equity | 52 | 508,662 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation costs paid by Sponsor under promissory notes- related party | — | |
| Accrued expenses | 183,009 | |
| Other payable | 415,000 | |
| Prepaid expense | −39,332 | |
| Net cash used in operating activities | −699,419 | |
| Purchase of marketable securities held in Trust Account | −50 | |
| Net cash used in investing activity | −50 | |
| Repayment of promissory note to related party | −274,941 | |
| Proceeds from sale of public units through public offerings, net of underwriters discount | 49 | |
| Proceeds from ordinary shares issued in private placement | 2 | |
| Payment of deferred offering costs | −214,143 | |
| Net cash provided by financing activities | 51 | |
| Net change in cash | 11,497 | |
| Deferred offering costs included in accrued offerings costs and expenses | 9,000 | |
| Deferred offering costs paid by Sponsor under the promissory note-related party | 10,000 | |
| Accretion of ordinary shares subject to redemption value | 6 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — |