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FY2025
12 months to Dec 31, 2025
|
|
|---|---|
| Cash Flows from Operating Activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Payment of formation costs through issuance of Class B Ordinary Shares | |
| Payment of operating costs through Promissory note | |
| Subscription agreement expense | |
| Change of fair value of subscription agreement liability | |
| Income earned on cash and marketable securities held in Trust | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | |
| Prepaid insurance | |
| Accrued expenses | |
| Net cash used in operating activities | |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | |
| Cash withdrawn from Trust Account for working capital purposes | |
| Net cash used in investing activities | |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Public Units | |
| Proceeds from sale of Private Placement Units | |
| Repayment of Promissory note—related party | |
| Payment of offering costs | |
| 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 included in accrued offering costs | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | |
| Deferred offering costs paid through Promissory note – related party | |
| Prepaid services contributed by Sponsor through Promissory note—related party | |
| Deferred underwriting fee payable |
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