SPAC Charlton Aria completes $75M IPO; proceeds held in trust for business combination

Charlton Aria Acquisition Corp

IPO of 7.5M units at $10/unit raised $75M gross; private placement of 240K units to sponsor raised $2.4M.
Trust account holds $75.1875M from IPO and private placement, net of expenses.
Company has $850K cash outside trust; working deficit of $21K; expects significant costs in pursuit of deal.
Auditor raises substantial doubt about going concern if business combination not completed by April 25, 2026.
Balance sheet as of Oct 25, 2024: total assets $76.05M, total liabilities $2.39M, shareholders' deficit $1.52M.

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