|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest earned on investments held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Short-term prepaid insurance | ||
| Long term prepaid insurance | ||
| Prepaid insurance – current portion | ||
| Long-term prepaid insurance | ||
| Due from Sponsor | ||
| Accounts payable and accrued expenses | ||
| Franchise tax payable | ||
| Income taxes payable | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Investment of cash into Trust Account | ||
| Cash withdrawn from Trust Account in connection with redemption | ||
| Cash withdrawn from Trust Account to pay franchise and income taxes | ||
| Net cash provided by (used in) investing activities | ||
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of Units, net of underwriting discounts paid | ||
| Proceeds from sale of Private Placements Warrants | ||
| Repayment of promissory note - related party | ||
| Redemption of common stock | ||
| Payment of offering costs | ||
| Net cash (used in) provided by financing activities | ||
| Net Change in Cash | ||
| Cash – Beginning of year | ||
| Cash – End of year | ||
| Offering costs included in accounts payable and accrued expenses | ||
| Supplementary cash flow information: | ||
| Income taxes | ||
| Franchise taxes | ||
| Non-cash investing and financing activities: | ||
| Excise tax payable attributable to redemption of common stock | ||
| Offering costs included in accrued expenses | ||
| Cash – End of year | ||
| Cash |
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