|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Dividend income earned in investments held in trust account | ||
| Interest and dividends earned on cash and investments held in trust account | ||
| Change in operating assets and liabilities | ||
| Deferred offering cost | ||
| Deferred offering costs | ||
| Prepayments and deposits | ||
| Accrued liabilities | ||
| Due to related party | ||
| Net cash used in operating activities | ||
| Cash flows from investing activities: | ||
| Cash withdrawn from Trust Account in connection to redemption | ||
| Proceeds from extension loan deposited into trust account | ||
| Proceeds deposited in Trust Account | ||
| Net cash provided by (used in) investing activities | ||
| Cash flows from financing activities: | ||
| Proceed from public offering, net of offering costs | ||
| Proceed from private placement | ||
| Advances from a related party | ||
| Repayment to a related party | ||
| Redemption of ordinary shares | ||
| Proceeds from promissory note – related party | ||
| Repayment of promissory note – related party | ||
| Net cash provided by (used in) financing activities | ||
| NET CHANGE IN CASH | ||
| CASH, BEGINNING OF YEAR | ||
| CASH, END OF YEAR | ||
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Initial classification of ordinary shares subject to possible redemption | ||
| Allocation of offering costs to ordinary shares subject to possible redemption | ||
| Accretion of carrying value to redemption value | ||
| Subsequent remeasurement of ordinary shares subject to possible redemption | ||
| Extension funds attributable to ordinary shares subject to redemption | ||
| Accrued underwriting compensation |
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