|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Prepaid expenses | ||
| Interest and dividend income earned in cash and investments held in Trust Account | ||
| Change in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Accrued expenses | ||
| Amount due to Sponsor | ||
| Net cash used in operating activities | ||
| Cash flows from investing activities: | ||
| Investment of cash in Trust Account | ||
| Cash withdrawn from Trust Account to redeem Public Shares | ||
| Extension contributions deposited into Trust Account | ||
| Net cash provided by(used in) investing activities | ||
| Cash flows from financing activities: | ||
| Payments for common stock redemption | ||
| Proceeds from promissory note - related party | ||
| Proceeds from issuance of Founder Shares to Sponsor | ||
| Proceeds from issuance of private placement | ||
| Proceeds from issuance promissory note | ||
| Proceeds from sale of units | ||
| Payment of offering costs | ||
| Payment of promissory note to Sponsor | ||
| Net cash used in(provided by) financing activities | ||
| Net change in Cash | ||
| Cash at beginning of period | ||
| Cash and cash equivalents at end of year | ||
| Non-cash investing and financing activities | ||
| Deferred underwriting compensation | ||
| Initial value of ordinary share subject to possible redemption | ||
| Reclassification of offering costs related to public shares | ||
| Subsequent measurement of ordinary shares subject to redemption against additional paid-in capital (“APIC”) and accumulated deficit | ||
| Subsequent measurement of ordinary shares subject to redemption (interest and dividends earned in Trust Account) | ||
| Representative shares issued to underwriter |
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