ClearThink 1 Acquisition Corp. Releases Detailed Financial Statement as of February 25, 2026

Key Highlights and Analysis for Investors

ClearThink 1 Acquisition Corp. (“the Company”), a newly formed blank check company, has released its audited financial statement for the period ending February 25, 2026. The report, prepared by WithumSmith+Brown, PC, outlines the company’s financial position following its recent Initial Public Offering (IPO) and provides crucial details for shareholders and prospective investors.

1. Key Financial and Operational Highlights

• IPO and Capital Raised: On February 25, 2026, the Company completed its IPO, raising \$125 million through the issuance of 12,500,000 units at \$10.00 per unit. Each unit consists of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon consummation of an initial business combination.
• Private Placement: Concurrently, the Sponsor purchased 315,000 Private Placement Units for \$3.15 million. These units are identical to public units but are subject to transfer restrictions and will expire worthless if no business combination is completed.
• Trust Account: \$125 million of IPO proceeds have been placed in a Trust Account, invested in U.S. government securities or money market funds, to be used solely for a business combination or returned to shareholders if no deal is consummated.
• Additional Proceeds: On February 26, 2026, underwriters partially exercised their over-allotment option, purchasing an additional 15,000 units and adding \$150,000 in gross proceeds.
• Current Assets and Liabilities: The Company reports total assets of \$126,930,916, with \$1,737,168 in cash and \$125 million held in trust. Current liabilities are \$203,639, primarily from the over-allotment liability.
• Share Structure: The Company has issued 315,000 Class A ordinary shares (excluding those subject to redemption) and 4,791,667 Class B ordinary shares, with 625,000 subject to forfeiture if the over-allotment option is not fully exercised.
• Accumulated Deficit: The financial statement shows an accumulated deficit of \$46,492, reflecting early-stage costs and the absence of operating revenues.

2. Important Shareholder Information and Potential Price-Sensitive Details

• Redemption Features: Shareholders of the public shares have the right to redeem their shares for a pro rata share of the Trust Account (initially \$10.00 per share plus interest) in connection with a business combination or if no combination is completed within 21 months. This redemption right, and the classification of these shares as temporary equity, is a vital protection for investors.
• Business Combination Deadline and Extensions: If no business combination occurs within 21 months of the IPO, the Company will redeem all public shares and liquidate, unless shareholders approve an extension and the Company deposits at least \$0.033 per share into the Trust Account for each additional month.
• Risk of Investment Company Act: The Company may be at risk of being deemed an investment company if it does not complete a business combination in a timely manner. Management may convert trust assets to cash to mitigate this risk, which could impact returns.
• Sponsor’s Liability: The Sponsor has agreed to cover any third-party claims that reduce the trust below \$10.00 per share (excluding claims from certain parties and underwriter indemnity), but there is no assurance the Sponsor has sufficient assets to fulfill this obligation.
• Founder Shares and Voting Rights: Founder Shares (Class B) are convertible into Class A shares at the time of a business combination and have special rights, including exclusive voting for director appointments pre-combination and lock-up restrictions.
• Warrants and Rights: Each public and private unit includes a right, entitling holders to receive one-fifth of a Class A share upon business combination. The rights are accounted for as equity and valued at \$0.24 per right using the Black-Scholes model.
• Working Capital Loans: The Sponsor, its affiliates, or directors may provide up to \$1.5 million in working capital loans, convertible into units at \$1.00 per right upon business combination, offering flexibility but potentially diluting existing shareholders.
• Commitments and Contingencies: The Company has granted underwriters a 45-day option to purchase up to 1,875,000 additional units, with the over-allotment option partially exercised as of the reporting date. The underwriting discount paid was \$0.05 per unit, or \$625,000 in the aggregate, with more payable if the option is fully exercised.
• Segment Information: The Company is managed as a single operating segment, with all activities focused on identifying and consummating a business combination.

3. Potential Share Price Movers and Risks

• Redemption and Liquidation Risks: The strict redemption and liquidation framework means shareholders are protected, but also that the share price may closely track the net asset value in trust as the deadline nears without a business combination.
• Dilution Risk: The conversion of founder shares, over-allotments, rights, and private placement units could all result in significant dilution for public shareholders upon a business combination.
• Regulatory and Legal Uncertainties: The risk of being classified as an investment company, or failure to consummate a qualifying merger, could lead to forced liquidation and return of funds, affecting share value.
• Working Capital Constraints: While the Company reports sufficient liquidity for the next year, any unforeseen transaction costs or failure to secure working capital loans could impact operations or negotiations for a business combination.
• Concentration of Cash: The Company’s cash balances exceed FDIC and SIPC limits, meaning some cash may be uninsured and at risk in the event of bank or financial institution failure.

4. Additional Noteworthy Details

• Taxation: As a Cayman Islands exempted company, ClearThink 1 is not subject to income tax in the Cayman Islands, which may enhance post-combination returns depending on the target business structure.
• Emerging Growth Company Status: The Company is an “emerging growth company” and may utilize reduced disclosure and compliance requirements, potentially affecting transparency for investors.
• Subsequent Events: The only significant subsequent event disclosed was the partial exercise of the over-allotment option by underwriters on February 26, 2026, resulting in \$150,000 in additional gross proceeds.

Conclusion

Investors should closely monitor ClearThink 1 Acquisition Corp.’s progress towards identifying and completing a business combination, as well as any developments regarding redemption, extension of the combination period, or regulatory changes. The value of the shares is inherently linked to the success or failure of these strategic milestones, with potential for both upside (upon successful merger) and downside (forced liquidation or dilution), making this a highly event-driven investment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.

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