Charlton Aria Acquisition Corp Files Q2 2024 10-Q

Ticker: CHARU · Form: 10-Q · Filed: Dec 3, 2024 · CIK: 2024459

Charlton Aria Acquisition CORP 10-Q Filing Summary
FieldDetail
CompanyCharlton Aria Acquisition CORP (CHARU)
Form Type10-Q
Filed DateDec 3, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$0.0001
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, spac

TL;DR

Charlton Aria Acquisition Corp filed its Q2 10-Q. Check financials.

AI Summary

Charlton Aria Acquisition Corp filed its quarterly report on Form 10-Q for the period ended June 30, 2024. The company, incorporated in the Cayman Islands, is headquartered in Monterey, California. Its principal executive offices are located in Wilmington, Delaware. The filing details its financial status and operations for the specified quarter.

Why It Matters

This filing provides investors with an update on Charlton Aria Acquisition Corp's financial performance and operational status for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly filing for a SPAC, providing routine financial updates without immediate significant new risks.

Key Players & Entities

FAQ

What is the filing date of this 10-Q report?

The filing date for this 10-Q report is December 3, 2024.

What period does this 10-Q report cover?

This 10-Q report covers the quarterly period ended June 30, 2024.

What is the company's principal executive office address?

The company's principal executive offices are located at 221 W 9th St, #848 Wilmington, Delaware 19801.

What is the registrant's telephone number?

The registrant's telephone number is 909 - 214-2482.

What is the SEC file number for Charlton Aria Acquisition Corporation?

The SEC file number for Charlton Aria Acquisition Corporation is 001-42386.

Filing Stats: 4,743 words · 19 min read · ~16 pages · Grade level 18.6 · Accepted 2024-12-03 17:01:31

Key Financial Figures

Filing Documents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 1

FINANCIAL STATEMENTS (UNAUDITED)

Item 1. FINANCIAL STATEMENTS (UNAUDITED) 1 Balance Sheet as of June 30, 2024 (Unaudited) 1 2 3 4 Notes to Unaudited Financial Statements 5

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 15

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 19

CONTROLS AND PROCEDURES

Item 4. CONTROLS AND PROCEDURES 19

– OTHER INFORMATION

PART II – OTHER INFORMATION 20

LEGAL PROCEEDINGS

Item 1. LEGAL PROCEEDINGS 20

RISK FACTORS

Item 1A. RISK FACTORS 20

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS FROM REGISTERED SECURITIES

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS FROM REGISTERED SECURITIES 20

DEFAULTS UPON SENIOR SECURITIES

Item 3. DEFAULTS UPON SENIOR SECURITIES 20

MINE SAFETY DISCLOSURES

Item 4. MINE SAFETY DISCLOSURES 20

OTHER INFORMATION

Item 5. OTHER INFORMATION 21

EXHIBITS

Item 6. EXHIBITS 21

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CHARLTON ARIA ACQUISITION CORPORATION BALANCE SHEET AS OF JUNE 30, 2024 (Unaudited) Assets Current Assets Prepaid expenses $ 42,500 Total Current Assets 42,500 Non-current Assets Deferred offering costs 101,555 Total Assets $ 144,055 Liabilities and Shareholder's Equity Current Liabilities Accrued deferred offering cost $ 7,586 Due to related party 3,750 Promissory note - related party 123,572 Total Current Liabilities 134,908 Total Liabilities 134,908 Commitments and Contingencies (Note 6) Shareholders' Equity Preference shares, $ 0.0001 par value, 5,000,000 shares authorized, none issued and outstanding - Class A ordinary shares, $ 0.0001 par value, 445,000,000 shares authorized, none issued and outstanding - Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 2,156,250 shares issued and outstanding (1) 216 Additional paid-in capital 24,784 Accumulated deficit ( 15,853 ) Total Shareholders' Equity 9,147 Total Liabilities and Shareholders' Equity $ 144,055 (1) This number includes an aggregate of up to 281,250 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). The accompanying notes are an integral part of these unaudited financial 1 CHARLTON ARIA ACQUISITION CORPORATION (Unaudited) For The Three Months Ended For The Period From March 22, 2024 (inception) Through June 30, 2024 June 30, 2024 Formation and operating costs $ 15,833 $ 15,853 Net loss $ ( 15,833 ) $ ( 15,853 ) Basic and diluted weighted average Class B ordinary shares outstanding (1) 1,875,000 1,875,000 Basic and diluted net loss per Class B ordinary share $ ( 0.01 ) $ ( 0.01 ) (1) This number excludes an aggregate of up to 281,250 Class B ordinary shares subject to forfeiture if the over-allotment option is not exerci

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