Wintergreen Acquisition Corp. Reports Financial Performance for Fiscal Year Ending December 31, 2025

Wintergreen Acquisition Corp., a blank check company incorporated in the Cayman Islands, reported its financial performance for the fiscal year ending December 31, 2025, in its recent 10-K filing. The company generated no operating revenues during this period, consistent with its status as an early-stage entity focused on identifying a target for a business combination. However, it recorded a net income of $988,403, primarily driven by interest income from marketable securities held in a trust account, which amounted to $1,335,761. The company also recognized a gain of $39,900 from the change in fair value of an over-allotment liability.

Compared to the previous fiscal period, Wintergreen Acquisition Corp. saw a significant increase in its financial position. As of December 31, 2025, the company reported total assets of $58.75 million, a substantial rise from $489,701 in the prior year. This increase was largely due to the successful completion of its Initial Public Offering (IPO) on May 30, 2025, where it raised $50 million by selling 5 million units at $10 each, along with an additional $5.95 million from an over-allotment option. The company also completed a private placement of 253,875 units, generating gross proceeds of $2.54 million.

Strategically, Wintergreen Acquisition Corp. has entered into a Merger Agreement with KIKA Technology Inc., valuing KIKA at $80 million. This merger is expected to be completed by May 30, 2027, and will result in KIKA becoming a wholly-owned subsidiary of Wintergreen, which will subsequently change its name to "KIKA Inc." The merger is contingent upon customary closing conditions, including shareholder approvals and the SEC declaring the Proxy/Registration Statement effective.

Operationally, the company has not commenced any business activities and has focused on organizational efforts and the IPO process. As of December 31, 2025, Wintergreen had cash of $1.32 million available for working capital needs, alongside marketable securities valued at $57.43 million held in the trust account. The company has a working capital of $1.21 million, which it plans to utilize for identifying and evaluating potential acquisition candidates. The management team, consisting of experienced professionals, is tasked with leveraging their expertise to identify suitable business combinations, primarily targeting companies in Asia.

Looking ahead, Wintergreen Acquisition Corp. faces the challenge of completing its initial business combination by the deadline of May 30, 2027. The company has expressed confidence in its ability to identify a suitable target but acknowledges the inherent risks associated with the process. If it fails to complete a business combination within the stipulated timeframe, the company will be required to liquidate and return funds to shareholders, which raises concerns about its ability to continue as a going concern.