Exhibit 99.2

 

INDEX TO UNAUDITED PRO FORMA FINANCIAL STATEMENT

 

Unaudited Pro Forma Balance Sheet as of March 12, 2026   F-2
Notes to Unaudited Pro Forma Financial Statement   F-3

 

F-1

 

 

GALAXYEDGE ACQUISITION CORPORATION

UNAUDITED PRO FORMA BALANCE SHEET

March 12, 2026

 

   

March 5,

2026

    Pro Forma
Adjustments
          As
Adjusted
 
          (Unaudited)           (Unaudited)  
Assets                              
Current Assets                              
Cash   $ 1,002,482     $ (14,001 )   (e)     $ 903,481  
              (4,000 )   (g)          
              (6,000 )   (g)          
              (75,000 )   (k)          
Advance – related party     129,000       (19,000 )   (j)       110,000  
Due from related party     -       75,000     (k)       75,000  
Prepaid expenses     -       7,752     (e)       7,752  
Total Current Assets     1,131,482       (35,249 )           1,096,233  
                               
Cash and investments held in Trust Account     100,000,000       15,000,000     (a)       115,058,296  
              75,000     (b)          
              (75,000 )   (c)          
              58,296     (d)          
Deferred offering costs     -       5,999     (e)       -  
              19,000     (j)          
              75,000     (c)          
              46,680     (h)          
              (146,679 )   (l)          
Total Assets   $ 101,131,482     $ 15,023,047           $ 116,154,529  
                               
Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Equity                              
Current Liabilities                              
Accounts payable and accrued expenses   $ 24,404     $ 1,728     (i)     $ 29,632  
              3,500     (i)          
Over-allotment option liability     132,324       (132,324 )   (f)       -  
Total Current Liabilities     156,728       (127,096 )           29,632  
Total Liabilities     156,728       (127,096 )           29,632  
                               
Commitments and Contingencies (Note 6)                              
                               
Ordinary shares subject to possible redemption, $0.0001 par value, 500,000,000 shares authorized, 10,000,000 shares and 11,500,000 shares at redemption value of $10.00 per share, as actual and adjusted, respectively     100,000,000       15,000,000     (a)       115,058,296  
              58,296     (d)          
Shareholders’ Equity:                              
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 4,445,000 shares and 4,482,500 shares issued and outstanding, as actual and adjusted, respectively (excluding 10,000,000 shares subject to possible redemption)     444       3     (h)       448  
              1     (b)          
Additional paid-in capital     1,061,305       74,999     (b)       1,110,330  
              (146,679 )   (l)          
              (58,296 )   (d)          
              132,324     (f)          
              46,677     (h)          
Accumulated deficit     (86,995 )     58,296     (d)       (44,177 )
              (1,728 )   (i)          
              (3,500 )   (i)          
              (4,000 )   (g)          
              (6,000 )   (g)          
              (250 )   (e)          
Total Shareholders’ Equity     974,754       91,847             1,066,601  
Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Equity   $ 101,131,482     $ 15,023,047           $ 116,154,529  

 

The accompany notes are an integral part of the unaudited pro forma financial statement.

 

F-2

 

 

GALAXYEDGE ACQUISITION CORPORATION
NOTES TO UNAUDITED PRO FORMA FINANCIAL STATEMENT

 

Note 1 — Closing of Over-allotment Option and Additional Private Placement Units

 

The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of Galaxyedge Acquisition Corporation (the “Company”) as of March 5, 2026, adjusted for the closing of the underwriters’ over-allotment option and related transactions which occurred on March 12, 2026 as described below.

 

On March 5, 2026, the Company consummated its initial public offering (“IPO”) of 10,000,000 units (the “Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”) at an offering price of $10.00 per Unit generating gross proceeds of $100,000,000. Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) in which Equinox Capital Solutions Limited (the “Sponsor”), purchased 220,000 units (the “Private Placement Units”) at a price of $10.00 per Private Placement Unit, generating total gross proceeds of $2,200,000.

 

The Company granted the underwriters a 45-day option to purchase up to an additional 1,500,000 Units (the “Option Units”) at $10.00 per unit to cover over-allotments, if any. On March 10, 2026, the underwriters notified the Company of their exercise of the over-allotment option in full to purchase 1,500,000 additional units (the “Option Units”) at $10.00 per unit. The closing of the issuance and sale of the Option Units occurred on March 12, 2026, generating total gross proceeds of $15,000,000. Simultaneously with the closing of the over-allotment option, the Company consummated the private placement of an aggregate of 7,500 Private Placement Units to the Sponsor, at a price of $10.00 per Private Placement Unit, generating gross proceeds of $75,000.

 

A total of $115,000,000 ($10.00 per Unit) of the net proceeds from the sales of Units in the IPO, the Option Units and the Private Placements on March 5, 2026 and March 12, 2026, were placed in a trust account with Continental Stock Transfer& Trust acting as trustee.

 

F-3

 

 

Pro forma adjustments to reflect the sales of the Option Units and additional Private Placement Units described above are as follows:

 

Pro Forma Entries   Debit     Credit  
(a)   Cash and investments held in Trust Account   $ 15,000,000          
    Ordinary share subject to possible redemption           $ 15,000,000  
    To record the sale of 1,500,000 Option Units at $10.00 per Unit                
                     
(b)   Cash and investments held in Trust Account   $ 75,000          
    Ordinary shares           $ 1  
    Additional paid-in capital           $ 74,999  
    To record the sale of 7,500 Private Placement Units at $10.00 per Unit                
                     
(c)   Deferred offering costs   $ 75,000          
    Cash and investments held in Trust Account           $ 75,000  
    To record payment of underwriting commission (0.50% of sale of Option Units proceeds)                
                     
(d)   Cash and investments held in Trust Account   $ 58,296          
    Interest earned in investments held in Trust Account           $ 58,296  
    Additional paid-in capital   $ 58,296          
    Ordinary share subject to possible redemption           $ 58,296  
    To record interest earned in Trust Account and to transfer interest income to temporary equity                
                     
(e)   Deferred offering costs   $ 5,999          
    Trust fee     250          
    Prepaid expense     7,752          
    Cash           $ 14,001  
    To record prepaid expense, deferred offering costs, and various trust fees                
                     
(f)   Over-allotment liability   $ 132,324          
    Additional paid-in capital           $ 132,324  
    To reverse over-allotment option liability                
                     
(g)   Accounting fees   $ 4,000          
    Audit fees     6,000          
    Cash           $ 4,000  
    Cash             6,000  
    To record payment of professional fees                
                     
(h)   Deferred offering costs   $ 46,680          
    Ordinary shares           $ 3  
    Additional paid-in capital             46,677  
    To record issuance of 30,000 representative shares to underwriter and fair market value                
                     
(i)   Insurance expense   $ 1,728          
    Administrative service expense     3,500          
    Accounts payable and accrued expenses           $ 1,728  
    Accounts payable and accrued expenses             3,500  
    To record accrued expenses                
                     
(j)   Deferred offering costs   $ 19,000          
    Advance – related party           $ 19,000  
    To record the Sponsor’s payment for deferred offering costs using advance funds                
                     
(k)   Due from related party   $ 75,000          
    Cash           $ 75,000  
    To record the Sponsor’s withdrawal of cash                
                     
(l)   Additional paid-in capital   $ 146,679          
    Deferred offering costs           $ 146,679  
    To record the charge of deferred offering costs to APIC                

 

F-4