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FY2025
12 months to Dec 31, 2025
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FY2024
12 months to Dec 31, 2024
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FY2023
12 months to Dec 31, 2023
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FY2022
10 months to Dec 31, 2022
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|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||
| Net loss | ||||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Investment income from cash and investments held in Trust Account | ||||
| Change in fair value of derivative warrant liabilities | ||||
| Offering costs associated with derivative warrant liabilities | ||||
| General and administrative expenses paid by related party under promissory note | ||||
| General and administrative expenses advanced by related party | ||||
| Changes in operating assets and liabilities: | ||||
| Prepaid expenses | ||||
| Accounts payable | ||||
| Accrued expenses | ||||
| Advances from related parties | ||||
| Corporate tax payable | ||||
| Income tax payable | ||||
| Net cash used in operating activities | ||||
| Cash Flows from Investing Activities: | ||||
| Cash re-contributed to the Trust Account for excess tax withdrawals | ||||
| Withdrawal from Trust Account to pay for taxes | ||||
| Withdrawal from Trust Account to pay for redemption | ||||
| Net cash (used in) provided by investing activities | ||||
| Cash Flows from Financing Activities: | ||||
| Proceeds from issuance of Class B common stock to Sponsor | ||||
| Proceeds advanced from related parties | ||||
| Proceeds from note payable - related parties | ||||
| Repayment of note payable to related parties | ||||
| Proceeds received from Overfunding Loans | ||||
| Proceeds received from initial public offering, gross | ||||
| Proceeds received from private placement | ||||
| Offering costs paid | ||||
| Advances from related parties | ||||
| Repayment of advances to related party | ||||
| Proceeds received from related parties under convertible note | ||||
| Payment of excise tax on 2024 redemption of common stock | ||||
| Redemption of Class A common stock | ||||
| Net cash provided by (used in) financing activities | ||||
| Net change in cash | ||||
| Cash - Beginning of the year | ||||
| Cash - End of the year | ||||
| Accounts payable paid by related party | ||||
| Offering costs included in accounts payable | ||||
| Offering costs paid by related party under promissory note | ||||
| Deferred underwriting commissions | ||||
| Increase in redemption value of Class A common stock subject to redemption due to extension | ||||
| Remeasurement for Class A common stock subject to redemption | ||||
| Supplemental disclosure of noncash activities: | ||||
| Accounts payable paid by related party | ||||
| 2024 excise tax payable attributable to redemption of Class A common stock | ||||
| Increase in redemption value of Class A common stock subject to redemption due to extension | ||||
| Supplemental cash flow information: | ||||
| Cash paid for federal income taxes | ||||
| Cash paid for state taxes |
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