10-Q Filing

Titan Acquisition Corp. CIK: 2009183 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001829126-25-003926`
Period End Date	20250331
Filing Date	20250523
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	titanacq_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 8 Cash Flow Statement 52 Stockholders Equity 22

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preference stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$25.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$25.00K	USD	Point-in-time
Preference stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$24.98K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$24.98K	USD	Point-in-time
Preference stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.00K	USD	Point-in-time
Preference stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$24.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.98K	USD	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredOfferingCosts`	$484.26K	USD	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredOfferingCosts`	$484.26K	USD	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredOfferingCosts`	$320.33K	USD	Point-in-time
Deferred offering costs associated with proposed public offering	`DeferredOfferingCosts`	$320.33K	USD	Point-in-time
Total Assets	`Assets`	$345.33K	USD	Point-in-time
Total Assets	`Assets`	$345.33K	USD	Point-in-time
Total Assets	`Assets`	$509.24K	USD	Point-in-time
Total Assets	`Assets`	$509.24K	USD	Point-in-time
Accrued offering expenses	`OtherAccruedLiabilitiesCurrent`	$320.33K	USD	Point-in-time
Accrued offering expenses	`OtherAccruedLiabilitiesCurrent`	$320.33K	USD	Point-in-time
Accrued offering expenses	`OtherAccruedLiabilitiesCurrent`	$300.00K	USD	Point-in-time
Accrued offering expenses	`OtherAccruedLiabilitiesCurrent`	$300.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.04K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$107.29K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$107.29K	USD	Point-in-time
Due to related party	`DueToRelatedParty`	$135.00K	USD	Point-in-time
Due to related party	`DueToRelatedParty`	$135.00K	USD	Point-in-time
Due to related party	`DueToRelatedParty`	$169.85K	USD	Point-in-time
Due to related party	`DueToRelatedParty`	$169.85K	USD	Point-in-time
Due to sponsor	`DueToSponsor`	$74.20K	USD	Point-in-time
Due to sponsor	`DueToSponsor`	$74.20K	USD	Point-in-time
Due to sponsor	`DueToSponsor`	$238.63K	USD	Point-in-time
Due to sponsor	`DueToSponsor`	$238.63K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$815.77K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$815.77K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$573.57K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$573.57K	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2025, and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2025, and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2025, and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at March 31, 2025, and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-331.53K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-331.53K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.24K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.24K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-306.53K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-306.53K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-53.22K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-53.22K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-228.24K	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-228.24K	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$345.33K	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$345.33K	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$509.24K	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$509.24K	USD	Point-in-time

Income Statement 8 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.22K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.22K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.29K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.22K	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.22K	USD	1 Quarter
Increase in payable to sponsor	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	1 Quarter
Increase in payable to sponsor	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	1 Quarter
Increase in payable to sponsor	`IncreaseDecreaseInOtherAccountsPayable`	$163.78K	USD	1 Quarter
Increase in payable to sponsor	`IncreaseDecreaseInOtherAccountsPayable`	$163.78K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.20K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$78.20K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.10K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.10K	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$183.61K	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	$183.61K	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Deferred offering costs	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.00	USD	1 Quarter
Issuance of Class B ordinary shares to sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Issuance of Class B ordinary shares to sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Issuance of Class B ordinary shares to sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of Class B ordinary shares to sponsor	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	1 Quarter
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-17.00	USD	1 Quarter
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-17.00	USD	1 Quarter
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$24.98K	USD	1 Quarter
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$24.98K	USD	1 Quarter
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.00K	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.00K	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.00K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.00K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Cash end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.98K	USD	Point-in-time
Deferred offering costs included in accrued offering expenses	`NotesAssumed1`	$300.00K	USD	1 Quarter
Deferred offering costs included in accrued offering expenses	`NotesAssumed1`	$300.00K	USD	1 Quarter
Deferred offering costs included in accrued offering expenses	`NotesAssumed1`	$161.58K	USD	1 Quarter
Deferred offering costs included in accrued offering expenses	`NotesAssumed1`	$161.58K	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance January 11, 2024 (inception)	`StockholdersEquity`	-	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	-	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	$-306.53K	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	$-306.53K	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	$-53.22K	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	$-53.22K	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	$-228.24K	USD	Point-in-time
Balance January 11, 2024 (inception)	`StockholdersEquity`	$-228.24K	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`IssuanceOfClassBOrdinarySharesToSponsor`	$25.00K	USD	1 Quarter
Issuance of Class B ordinary shares to Sponsor	`IssuanceOfClassBOrdinarySharesToSponsor`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.22K	USD	1 Quarter
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	-	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	-	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	$-306.53K	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	$-306.53K	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	$-53.22K	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	$-53.22K	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	$-228.24K	USD	Point-in-time
Balance March 31, 2024 (unaudited)	`StockholdersEquity`	$-228.24K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.