|
FY2025
12 months to Dec 31, 2025
|
FY2024
7 months to Dec 31, 2024
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net loss | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Formation cost paid by Sponsor in exchange for issuance of founder shares | ||
| Payment of operation costs through promissory note | ||
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | ||
| Operating costs paid through promissory note – related party | ||
| Change in fair value of warrant liabilities | ||
| Transaction costs | ||
| Change in fair value of over-allotment liability | ||
| Dividends earned on investments held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Accounts Payable | ||
| Due from Sponsor | ||
| Accounts payable and accrued liabilities | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Investment of cash in Trust Account | ||
| Net cash used in investing activities | ||
| Cash Flows from Financing Activities: | ||
| Cash withdrawn from Trust Account for working capital | ||
| Proceeds from sale of Units, net of underwriting discounts paid | ||
| Proceeds from sale of Private Placement Warrants | ||
| Payments of offering costs | ||
| Net cash provided by financing activities | ||
| Net Change in Cash | ||
| Cash – Beginning of period | ||
| Cash – End of period | ||
| Non-Cash investing and financing activities: | ||
| Forfeiture of Founder Shares | ||
| Issuance of Founder Shares | ||
| Offering costs included in accrued offering costs | ||
| Offering costs paid by promissory note | ||
| Offering costs paid via prepaid expense | ||
| Offering costs charged to additional paid in capital | ||
| Over-allotment liability at IPO date | ||
| Deferred underwriting fee payable | ||
| Initial classification of warrant liability - public |
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