|
FY2025
12 months to Nov 30, 2025
|
FY2024
12 months to Nov 30, 2024
|
|
|---|---|---|
| Net income | ||
| Adjustment to reconcile net income to net cash used in operating activities: | ||
| Interest earned on marketable securities held in Trust Account | ||
| Interest earned on investments held in Trust Account | ||
| Change in fair value of derivative liability | ||
| Prepaid expenses | ||
| Accrued offering costs and expenses | ||
| Net Cash Used in Operating Activities | ||
| Purchase of investment held in Trust Account | ||
| Cash deposited in Trust Account | ||
| Cash withdrawn from Trust to pay redeemed public shareholders | ||
| Net Cash Provided by (Used in) Investing Activities | ||
| Proceeds from issuance of promissory note to related party | ||
| Proceeds from due to target company | ||
| Proceeds from sale of public units | ||
| Proceeds from sale of private placement units | ||
| Proceeds from issuance of ordinary shares to underwriter | ||
| Proceeds from due from related party | ||
| Payment of underwriter compensation | ||
| Repayment of promissory note - related party | ||
| Payment of offering costs | ||
| Payment to redeemed public shareholders | ||
| Net Cash (Used in) Provided by Financing Activities | ||
| Net Change in Cash | ||
| Cash, Beginning of Year | ||
| Cash, End of Year | ||
| Supplemental Disclosure of Non-cash Financing Activities: | ||
| Issuance of convertible note - recognition of derivative liability | ||
| Reclassification of Derivative Liability to APIC | ||
| Conversion of Class B to Class A shares | ||
| Initial classification of common stock subject to possible redemption | ||
| Accretion of additional paid in capital to accumulated deficit | ||
| Remeasurement of common stock subject to possible redemption | ||
| Deferred underwriting fee payable |
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