SPACCircle Acquisition Corp.

Going Concern Considerations

As of October 28, 2026, the Company had cash of $621,457 and working capital of $521,374. The Company completed its Initial Public Offering and the sale of the Private Placement Units on October 28, 2026, at which time the capital in excess of the funds deposited in Trust Account and/or used to fund offering and other operating expenses was released to the Company for working capital purposes. Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. In connection with the Company’s assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company’s management has evaluated the Company’s liquidity and financial condition, and determined that the Company still lacks the financial resources it needs to sustain operations for a reasonable period of time, which is considered to be at least one year from the date of the issuance of the financial statement. In addition, the Company’s management has determined that if the Company is unable to complete an initial Business Combination by October 28, 2027, then the Company will cease all operations except for the purpose of winding up. The Company’s liquidity conditions and date for mandatory liquidation and subsequent dissolution, should a Business Combination not occur, raise substantial doubt about the Company’s ability to continue as a going concern. Management plans to consummate an initial Business Combination prior to the mandatory liquidation date, however, there is no assurance that the Company will be able to successfully effect a Business Combination. The financial statement does not include any adjustments that might result from the outcome of this uncertainty.

Note 2 — Summary of Significant Accounting Policies