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Item 1. Financial Statements

2026-08-14 compared with 2026-07-23 · 169 added, 100 removed, 250 unchanged (52% of the section changed)

Financial Statements (Unaudited)

ACQUISITION CORP I

BALANCE SHEET

JAB ACQUISITION CORP I

UNAUDITED BALANCE SHEET

JUNE 30, 2026

Current Assets:

Prepaid expense $ 50,230

Cash $ 644,149

Prepaid expenses 220,906

Total Current Assets 865,055

Cash held in Trust 172,816,825

Total Assets $ 173,681,880

LIABILITIES AND SHAREHOLDER’S EQUITY

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current Liabilities:

Promissory note – related party $ 48,895

Accrued offering costs $ 49,000

Accounts payable 41,344

Total Current Liabilities 90,344

Deferred underwriting commission 500,000

Total Liabilities 590,344

Commitments and contingencies (Note 6)

Shareholder’s Equity:

Class A ordinary shares, $0.0001 par value;

17,250,000 shares subject to possible redemption as of June 30, 2026 at $10.02 per share 172,816,825

Shareholders’ Equity:

Preference shares, $ 0.0001 par value;

1 unchanged sentence

none issued and outstanding -

Class A ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, none issued and outstanding -

Class A ordinary shares, $ 0.0001 par value, 500,000,000 shares authorized, 1,355,000 issued and outstanding as of June 30, 2026 136

Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 9,857,143 shares issued and outstanding 986

Additional paid-in capital 159,892

Accumulated deficit ( 23,665 )

Total Shareholder’s Equity 1,335

Total Liabilities and Shareholder’s Equity $ 50,230

(1) Includes an aggregate of 1,285,714 Class B ordinary shares subject to forfeiture to the extent that the underwriters’ the over-allotment option was not exercised in full or in part (see Note 5 and 6).

No Class B ordinary shares were forfeited as, in connection with the Initial Public Offering, the underwriters fully exercised the over-allotment option.

accompanying notes are an integral part of these unaudited financial statements.

ACQUISITION CORP I

STATEMENT OF OPERATIONS

Retained earnings 113,697

Total Shareholders’ Equity 274,711

Total Liabilities and Shareholders’ Equity $ 173,681,880

The accompanying notes are an integral part of these unaudited financial statements.

JAB ACQUISITION CORP I

UNAUDITED STATEMENT OF OPERATIONS

For the three

Formation and operating expenses $ 179,463 $ 203,128

TOTAL EXPENSES ( 179,463 ) ( 203,128 )

Net loss $ ( 23,665 )

Weighted average shares outstanding basic and diluted (1) 4,897,959

Basic and diluted net loss per Class B ordinary share $ ( 0.00 )

(1) Excludes an aggregate of 1,285,714 Class B ordinary shares subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part (see Note 5 and 6).

No Class B ordinary shares were forfeited as, in connection with the Initial Public Offering, the underwriters fully exercised the over-allotment option.

accompanying notes are an integral part of these unaudited financial statements.

ACQUISITION CORP I

STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY

THE PERIOD FROM MARCH 10, 2026 (INCEPTION) THROUGH

Interest earned on cash held in Trust 316,825 316,825

TOTAL OTHER INCOME 316,825 316,825

Net income $ 137,362 $ 113,697

Weighted average of redeemable shares outstanding basic and diluted 3,601,648 2,926,339

Basic and diluted net income per ordinary share $ 0.01 0.01

Weighted average of non-redeemable shares outstanding basic and diluted 10,140,055 8,854,866

Basic and diluted net income per ordinary share $ 0.01 $ 0.01

The accompanying notes are an integral part of these unaudited financial statements.

JAB ACQUISITION CORP I

UNAUDITED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE PERIOD FROM MARCH 10, 2026 (INCEPTION) THROUGH

JUNE 30, 2026

Ordinary Shares

Shareholder’s

Ordinary Shares

Shareholders’

Balance, March 10, 2026 (inception) - $ - - $ - $ - $ - $ -

2 unchanged sentences

Balance, March 31, 2026 - - 9,857,143 986 24,014 ( 23,665 ) 1,335

(1) Includes an aggregate of 1,285,714 Class B ordinary shares subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part (see Note 5 and 6).

No Class B ordinary shares were forfeited as, in connection with the Initial Public Offering, the underwriters fully exercised the over-allotment option.

accompanying notes are an integral part of these unaudited financial statements.

ACQUISITION CORP I

STATEMENT OF CASH FLOWS

Representative shares 1,000,000 100 - - 1,239,900 - 1,240,000

Director shares 95,000 10 - - ( 10 ) - -

Proceeds from Private Placement 260,000 26 - - 2,599,974 - 2,600,000

Public warrants, fair value - - - - 1,769,850 - 1,769,850

Public rights, fair value -

Offering costs allocated to Public warrants and rights - - - - ( 135,634 ) - ( 135,634 )

Accretion of carrying value to redemption value - - - - ( 10,456,277 ) - ( 10,456,277 )

Net income - - - - - 137,362 137,362

Balance, June 30, 2026 1,355,000 $ 136 9,857,143 $ 986 $ 159,892 $ 113,697 $ 274,711

The accompanying notes are an integral part of these unaudited financial statements.

JAB ACQUISITION CORP I

UNAUDITED STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM MARCH 10, 2026 (INCEPTION) THROUGH

JUNE 30, 2026

Cash Flows from Operating Activities:

Net loss $ ( 23,665 )

Adjustments to reconcile net loss to net cash provided by operating activities:

Payment of operating expenses through Promissory Note – related party 10,145

Changes in operating assets and liabilities:

Prepaid expense 13,520

Net Cash Provided By Operating Activities —

Net Income $ 113,697

Adjustments to reconcile net income to net cash used in operating activities:

Offering and operating costs paid through promissory note – related party 10,145

Interest earned on cash held in Trust ( 316,825 )

Changes in assets and liabilities:

Prepaid expenses ( 218,636 )

Accounts payable and accrued offering cost

Net Cash Used in Operating Activities ( 346,275 )

Cash Flows from Investing Activities:

Cash deposited into Trust Account ( 172,500,000 )

Net Cash Used in Investing Activities ( 172,500,000 )

Cash Flows from Financing Activities:

Proceeds from the Initial Public Offering 172,500,000

Proceeds from issuance of private placement units 2,600,000

Repayment of Promissory Note - related party ( 48,895 )

Payment of offering costs ( 1,560,681 )

Net Cash Provided by Financing Activities 173,490,424

Net change in cash 644,149

2 unchanged sentences

Supplemental Schedule of Non-Cash Financing Activities:

Prepaid included in Promissory Note – related party $ 38,750

Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares $ 25,000

accompanying notes are an integral part of these unaudited financial statements.

ACQUISITION CORP I

to Unaudited Financial Statements

Accretion and remeasurement of carrying value to redemption value $ 10,456,277

Founder shares issued to Sponsor $ 25,000

Deferred underwriting commission

Issuance of director shares

Prepaid paid through promissory note – related party

Prepaid expenses reclassified to deferred offering costs $ 61,480

Offering costs included in accrued offering costs

Fair value of representative shares charged to deferred offering costs

The accompanying notes are an integral part of these unaudited financial statements.

JAB ACQUISITION CORP I

Notes to Unaudited Financial Statements

NOTE 1 — DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS AND GOING CONCERN

4 unchanged sentences

and, as such, the Company is subject to all of the risks associated with early-stage and emerging growth companies.

As of March 31, 2026, the Company had not commenced any operations.

All activity for the period from March 10, 2026 (inception) through March 31, 2026, related to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below.

As of June 30, 2026, the Company had not commenced any operations.

All activity for the period from March 10, 2026 (inception) through June 30, 2026, related to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below.

The Company will not generate any operating revenues until after the completion of an initial Business Combination, at the earliest.

6 unchanged sentences

Transaction costs amounted to $ 3,396,791 , consisting of underwriter’s fees of $ 1,000,000 , fair value of representative shares of $ 1,240,000 and $ 1,156,791 of other offering costs.

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination.

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination.

The stock exchange listing rules require that the Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80 % of the net assets held in the Trust Account (as defined below) (excluding the amount of deferred underwriting commissions and Permitted Withdrawals on the interest income earned on the funds held in the Trust Account).

1 unchanged sentence

There is no assurance that the Company will be able to successfully effect a Business Combination.

Management has agreed that $ 10.00 per Unit sold in the Initial Public Offering, including proceeds of the sale of the Private Placement Warrants, will be held in a trust account (the “Trust Account”) and invested in U.S.

Management has agreed that $ 10.00 per Unit sold in the Initial Public Offering, including proceeds of the sale of the Private Placement Units, will be held in a trust account (the “Trust Account”) and invested in U.S.

government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund investing solely in U.S.

2 unchanged sentences

The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company.

The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $ 10.00 per Public Share, plus any pro rata interest then in the Trust Account), net of funds withdrawn to pay taxes, if any, and up to $ 100,000 of interest to pay dissolution expenses.

(“Permitted Withdrawals”).

There will be no redemption rights upon the completion of a Business Combination with respect to the Private Placement Warrants.

There will be no redemption rights upon the completion of a Business Combination with respect to the Private Placement Units.

The Public Shares subject to redemption are recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”

6 unchanged sentences

Additionally, each Public Shareholder may elect to redeem their Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against a proposed Business Combination and waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination.

Additionally, each Public Shareholder may elect to redeem their Public Shares without voting and, if they do vote, irrespective of whether they vote for or against the proposed Business Combination.

Notwithstanding the foregoing, if the Company seeks shareholder approval of a Business Combination and the Company does not conduct redemptions pursuant to the tender offer rules, the Articles provide that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15 % of the Public Shares without the Company’s prior written consent.

The Sponsor has agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Articles (i) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem 100 % of the Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholder’s rights or pre-initial business combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment.

The Sponsor has agreed (a) to waive its redemption rights with respect to any Public Shares held by it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Articles (i) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem 100 % of the Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholder’s rights or pre-initial business combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment.

The Company may extend the initial 12-month time period to consummate a Business Combination for no more than two (2) three-month periods by depositing an additional $ 0.10 per share for each three-month period into the Trust Fund.

35 unchanged sentences

The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

ACQUISITION CORP I

to Unaudited Financial Statements

JAB ACQUISITION CORP I

Notes to Unaudited Financial Statements

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

5 unchanged sentences

The information included in this Form 10-Q should be read in conjunction with information included in the Company’s Prospectus filed with the SEC on June 10, 2026 and Form 8-K filed with the SEC on June 17, 2026.

The interim results for the period from March 10, 2026 (inception) through March 31, 2026, are not necessarily indicative of the results to be expected for the year ending December 31, 2026, or for any future periods.

The interim results for the period from for the period March 10, 2026 (inception) through June 30, 2026, are not necessarily indicative of the results to be expected for the period March 10, 2026 (inception) through December 31, 2026, or for any future periods.

Emerging Growth Company

9 unchanged sentences

Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.

The Company had $ 644,149 cash and no equivalents as of June 30, 2026.

Cash Held in Trust Account

As of June 30, 2026, the Company had $ 172,816,825 in cash held in the Trust Account, which consisted of interest-earning demand deposits.

JAB ACQUISITION CORP I

1 unchanged sentence

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.

The Company had no cash or cash equivalents as of March 31, 2026.

Deferred Offering Costs

1 unchanged sentence

Deferred offering costs consist of costs incurred in connection with preparation for the Initial Public Offering, which include professional and registration fees incurred.

Deferred offering costs, together with the underwriting discounts and commissions, were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received.

Deferred offering costs, together with the underwriting discounts and commissions, were allocated to the separable financial instruments issued in the Initial Public Offering based on a residual method, compared to total proceeds received.

The Company applies this guidance to allocate the Initial Public Offering proceeds from the Units between Class A ordinary shares, Warrants and Rights, used the residual method by allocating Initial Public Offering proceeds first to assigned value of the Warrants and Rights and then to the Class A ordinary shares.

Offering costs allocated to the Class A ordinary shares (i.e., Public Shares) were charged to temporary equity and offering costs allocated to the Public Warrants, Public Rights and Private Placement Units were charged to shareholders’ equity as the Public Warrants, Public Rights, Private Placement Warrants and Private Placement Rights, after management’s evaluation, were accounted for under equity treatment (as well as the Private Placement Shares).

As of March 31, 2026, the Company had deferred offering costs of $ 0 .

As of June 30, 2026, the Company had deferred offering costs of $ 0 .

The Company follows the asset and liability method of accounting for income taxes under ASC Topic 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.

5 unchanged sentences

The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense.

There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2026.

There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2026.

The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

2 unchanged sentences

Consequently, income taxes are not reflected in the Company’s financial statements.

Net Loss per Ordinary Share

Net loss per share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture.

Weighted average shares were reduced for the effect of an aggregate of 1,285,714 Class B ordinary shares held by the Sponsor that were subject to forfeiture depending on the extent to which the over-allotment option was exercised by the underwriters (see Note 5 and 6).

As of March 31, 2026, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company.

As a result, diluted loss per share is the same as basic loss per share for the period presented.

Net Income per Ordinary Share

Net Income per ordinary share is computed by dividing net Income by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture.

No Class B ordinary shares were forfeited in connection with the Initial Public Offering, as the underwriters fully exercised the over-allotment option.

As of June 30, 2026, except as noted below, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company.

As a result, diluted Income (Loss) per share is the same as basic Income per share for the period presented.

The calculation of diluted net income (loss) per ordinary share does not consider the effect of the warrants and rights issued in connection with the Initial Public Offering and the private placement of the Private Placement Units to receive ordinary shares in the calculation of diluted income (loss) per ordinary share, because their issuance is contingent upon future events.

For the Three Months Ended June 30, 2026

Redeemable Non-

Basic and diluted net income per ordinary share numerator:

Net income $ 36,002 $ 101,360

Basic and diluted net income per ordinary share denominator:

Weighted-average shares outstanding 3,601,648 10,140,055

Basic and diluted net income per ordinary share $ 0.01 $ 0.01

For the period from March 10, 2026 (inception) through June 30, 2026

Redeemable Non-

Basic and diluted net income per ordinary share numerator:

Net income $ 28,241 $ 85,456

Basic and diluted net income per ordinary share denominator:

Weighted-average shares outstanding 2,926,339 8,854,866

Basic and diluted net income per ordinary share $ 0.01 $ 0.01

JAB ACQUISITION CORP I

1 unchanged sentence

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

Concentration of credit risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation (“FDIC”) limit and cash held in the trust with a financial institution, which, at times, may exceed the Securities Investor Protection Corporation (“SIPC”) limit.

As of June 30, 2026, the cash held in exceed of the FDIC limit was $ 394,149 .

As of June 30, 2026, the cash held in the trust in excess of the SIPC limit was $ 172,566,825 .

Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.

Fair Value of Financial Instruments

17 unchanged sentences

If the Public Warrants and Private Placement Warrants no longer meet the criteria for equity treatment, they will be recorded as a liability and remeasured each period with changes recorded in the statement of operations.

There were no warrants outstanding as of March 31, 2026.

There were 17,510,000 warrants outstanding as of June 30, 2026.

JAB ACQUISITION CORP I

4 unchanged sentences

If the Public Rights and Private Placement Rights no longer meet the criteria for equity treatment, they will be recorded as a liability and remeasured each period with changes recorded in the statement of operations.

There were no Public Rights or Private Placement Rights outstanding as of March 31, 2026.

There were 17,510,000 Public Rights or Private Placement Rights outstanding as of June 30, 2026.

Class A Ordinary Shares Subject to Redemption

The Public Shares contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination.

In accordance with ASC 480-10-S99, the Company classifies the Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company.

The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period.

Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value.

The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.

Accordingly, as of June 30, 2026, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s unaudited balance sheets.

As of June 30, 2026, the Class A ordinary shares subject to redemption reflected in the unaudited balance sheet are reconciled in the following table.

Gross Proceeds – Initial Public Offering $ 172,500,000

Proceeds allocated to public warrants and rights ( 6,887,925 )

Class A ordinary shares issuance costs ( 3,251,527 )

Accretion of carrying value to redemption value 10,139,452

Class A ordinary shares subject to possible redemption as of June 11, 2026 172,500,000

Accretion of carrying value to redemption value 316,825

Class A ordinary shares subject to possible redemption as of June 30, 2026 $ 172,816,825

JAB ACQUISITION CORP I

Notes to Unaudited Financial Statements

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

Recent Accounting Standards

25 unchanged sentences

These loans are non-interest bearing, unsecured and are due on the earlier of September 19, 2027, or the consummation of the Initial Public Offering.

As of March 31, 2026, there was $ 48,895 outstanding under such promissory note.

As of June 11, 2026, the loan was paid in full in connection with the Initial Public Offering and is no longer available.

The unsecured promissory note was paid in full and closed at the consummation of the IPO on June 11, 2026.

Working Capital Loans

4 unchanged sentences

In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans.

As of March 31, 2026, there was no amount outstanding under the Working Capital Loans.

As of June 30, 2026, there was no amount outstanding under the Working Capital Loans.

NOTE 6 — COMMITMENTS AND CONTINGENCIES

18 unchanged sentences

The deferred underwriting commission is payable upon the consummation of the initial Business Combination.

NOTE 7 — SHAREHOLDER’S EQUITY

NOTE 7 — SHAREHOLDERS’ EQUITY

Preferred Shares — The Company is authorized to issue 5,000,000 preference shares with a par value of $ 0.0001 per share with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.

As of March 31, 2026, there were no preference shares issued or outstanding.

As of June 30, 2026, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The Company is authorized to issue 500,000,000 Class A ordinary shares with a par value of $ 0.0001 per share.

Holders of Class A ordinary shares are entitled to one vote for each share.

As of March 31, 2026, there were no Class A ordinary shares issued or outstanding.

As of June 30, 2026, there were 1,355,000 Class A ordinary shares issued or outstanding, excluding 17,250,000 Class A ordinary shares subject to possible redemption.

Class B Ordinary Shares — The Company is authorized to issue 50,000,000 Class B ordinary shares with a par value of $ 0.0001 per share.

Holders of Class B ordinary shares are entitled to one vote for each share.

As of March 31, 2026, there were 9,857,143 Class B ordinary shares issued and outstanding, up to 1,285,714 of which were subject to forfeiture by the Sponsor depending on the extent to which the underwriters’ over-allotment option is exercised.

No Class B ordinary shares were forfeited as, in connection with the Initial Public Offering, the underwriters fully exercised the over-allotment option.

As of June 30, 2026, there were 9,857,143 Class B ordinary shares issued and outstanding

Only holders of the Class B ordinary shares will have the right to vote on the appointment of directors prior to the Business Combination.

6 unchanged sentences

NOTE 8 — WARRANTS

There were no warrants outstanding as of March 31, 2026.

There were 17,510,000 warrants outstanding as of June 30, 2026.

Public Warrants may only be exercised for a whole number of shares.

22 unchanged sentences

In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial business combination at less than $ 9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by its board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or its affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60 % of the total equity proceeds, and interest thereon, available for the funding of its initial Business Combination on the date of the completion of its initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of Class A ordinary shares during the 20 day trading period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $ 9.20 per share, then the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115 % of the greater of the Market Value and the Newly Issued Price, and the $ 18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180 % of the greater of the Market Value and the Newly Issued Price.

The Private Placement Warrants will be identical to the Public Warrants underlying the Units being sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions.

The Private Placement Warrants are identical to the Public Warrants underlying the Units being sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions.

JAB ACQUISITION CORP I

Notes to Unaudited Financial

Notes to Unaudited Financial Statements

NOTE 9 — SEGMENT INFORMATION

ASC Topic 280, Segment Reporting, establishes standards for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and major customers.

Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer , who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance.

Accordingly, management has determined that the Company only has one reporting segment.

The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss.

The measure of segment assets is reported on the balance sheet as total assets.

When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews key metrics included in net income or loss and total assets.

Formation and operating expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar transaction within the business combination period.

FASB ASC Topic 280, “ Segment Reporting ,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers.

Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as the Chief Executive Officer , who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance.

Accordingly, management has determined that the Company only has one operating segment.

The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the unaudited statements of operations as net income or loss.

The measure of segment assets is reported on the unaudited balance sheets as total assets.

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

Cash $ 644,149

Prepaid expenses 220,906

Cash held in Trust 172,816,825

Total Assets $ 173,681,880

For the three

Formation and operating expenses $ 179,463 $ 203,128

Interest earned on cash held in Trust $ 316,825 $ 316,825

The CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement.

Operational and administrative costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar transaction within the Business Combination period.

The CODM also reviews formation and operating expenses to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Formation and operating expenses, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net loss are reported on the statement of operations and described within their respective disclosures.

Formation and operating expenses, as reported on the unaudited statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

NOTE 10 — SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date and through the date that the financial statements were issued.

Based upon this review, except as noted below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

On June 11, 2026, the Company consummated its Initial Public Offering of 17,250,000 units (the “Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”), including 2,250,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option.

The Units were sold at a price of $ 10.00 per Unit, generating gross proceeds to the Company of $ 172,500,000 (the “Public Proceeds”).

Simultaneously with the closing of the Initial Public Offering, the Company completed the private sale of 260,000 Units (the “Private Units”) at a price of $ 10.00 per Unit in a private placement to the Company’s sponsor, JAB Acquisition Sponsor I, LLC (the “Sponsor”) generating gross proceeds to the Company of $ 2,600,000 .

Transaction costs amounted to $ 3,396,791 , consisting of underwriter’s fees of $ 1,000,000 , fair value of representative shares of $ 1,240,000 and $ 1,156,791 of other offering costs.

Simultaneously with the closing of the Initial Public Offering, the Company issued an aggregate of 95,000 Class A ordinary shares to the Company’s three independent directors.

The Company has estimated the fair value of the 95,000 Class A ordinary shares as $ 117,800 on the date of issuance.

The fair value was determined by applying a probability of Business Combination factor to the Initial Public Offering price.

The shares are subject to performance and lock-up provisions.

As such, the Company will not recognize any expense until the Initial Business Combination is probable.

As of June 11, 2026, $ 811,381 of cash proceeds from the Initial Public Offering and related Private Placement was held by the Sponsor and due to the Company.

As of June 11, 2026, the Unsecured Promissory Note was paid in full in connection with the Initial Public Offering in the amount of $ 48,895 and is no longer available.

On June 23, 2026, the Sponsor transferred the $ 811,381 to the Company’s operating account outside of the trust account.

Based upon this review, the Company did not identify any subsequent events that required adjustment or disclosure in the financial statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements