|
FY2025
12 months to Dec 31, 2025
|
FY2024
9 months to Dec 31, 2024
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities | ||
| Formation and operating cost paid by the Sponsor | ||
| Stock-based compensation expense | ||
| Change in valuation of over-allotment liability | ||
| Interest and dividends earned on cash and investments held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Accounts payable and accrued expenses | ||
| Due to related parties | ||
| Net Cash Used in Operating Activities | ||
| Cash Flows from Investing Activities: | ||
| Purchase of investment held in trust account | ||
| Net Cash Used in investing Activities | ||
| Cash Flows from Financing Activities: | ||
| Proceeds from public offering | ||
| Proceeds from private placement | ||
| Repayment of promissory note to a related party | ||
| Payment of underwriter discount, net of reimbursement of offering costs from underwriter | ||
| Payment of offering costs | ||
| Proceeds from working capital loan from a related party | ||
| Net Cash Provided by Financing Activities | ||
| Net Change in Cash | ||
| Cash, beginning of year | ||
| Cash, end of year | ||
| Supplemental Disclosure of Cash Flow Information: | ||
| Offering costs paid by shareholders in exchange for issuance of Class B ordinary shares | ||
| Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | ||
| Offering costs paid via promissory note - related party | ||
| Initial adjustment of class A common shares to redeemable shares | ||
| Deferred underwriting commission payable | ||
| Initial measurement of carrying value to redemption value | ||
| Remeasurement of carrying value to redemption value |
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