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Balance sheets

In millions of USD, except per-share amounts
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Assets
Deferred offering costs
Current assets
Cash
Prepaid expenses and other current assets
Total Current assets
Long-term prepaid insurance
Cash held in Trust Account
TOTAL ASSETS
Liabilities and Shareholders' Deficit
Current liabilities
Accrued offering costs
Accounts payable and accrued expenses
Promissory note - related party
Due to related party
Accrued expenses
Total Current liabilities
Deferred underwriting fee payable
TOTAL LIABILITIES
Class A Ordinary Shares subject to possible redemption, 15,300,000 shares at redemption value of $10.25 and $10.15 per share at March 31, 2025 and December 31, 2024, respectively
SHAREHOLDERS' DEFICIT
Ordinary shares
Additional paid-in capital
Accumulated deficit
TOTAL SHAREHOLDERS' DEFICIT
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT

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