Plutonian Acquisition Corp II, a Cayman Islands blank check company, presents an audited balance sheet as of April 29, 2026, following its IPO of 10,000,000 units at $10.00 each, creating a $100,000,000 offering.
After also selling 210,000 private units for $2,100,000, a total of $100,500,000 was placed in a U.S. Trust Account at $10.05 per public unit. Outside the Trust, the company held $566,686 in cash and reported working capital of $401,071, reflecting early-stage formation and IPO costs.
The auditor issued an unqualified opinion but highlighted a going concern uncertainty because Plutonian lacks resources to fund operations for one year from issuance and must complete a Business Combination by April 29, 2027 or redeem and liquidate. The company has incurred formation and operating costs of $43,611 and expects more costs as it seeks a target in the Asia Pacific region (excluding Greater China).