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FY2025
6 months to Dec 31, 2025
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|---|---|
| OPERATING ACTIVITIES | |
| Net income | |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Interest and dividends earned on cash and marketable securities held in Trust Account | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | |
| Accounts payable | |
| Related party payable | |
| Accrued liabilities | |
| Other assets | |
| Net cash used in operating activities | |
| INVESTING ACTIVITIES | |
| Investment of cash in Trust Account | |
| Net cash used in investing activities | |
| FINANCING ACTIVITIES | |
| Proceeds from the sale of Class B ordinary shares to the Founder | |
| Proceeds from sale of public units, net of underwriting discount paid | |
| Proceeds from sale of Private Investor Shares and Private Placement Units | |
| Proceeds from related party loan | |
| Repayment of related party loan | |
| Payment of offering costs | |
| Net cash provided by financing activities | |
| Net increase in cash | |
| Cash at end of period | |
| Supplemental non-cash disclosure: | |
| Offering costs included in accounts payable and accrued liabilities | |
| Accretion of Class A ordinary shares to redemption value | |
| Settlement of related party loan for Private Placement Units |
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