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FY2025
6 months to Dec 31, 2025
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|
|---|---|
| Cash Flows from Operating Activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Payment of operating and formation costs through promissory note - related party | |
| Compensation expense | |
| Interest earned on cash and marketable securities held in Trust Account | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | |
| Due from Sponsor | |
| Accounts payable and accrued expenses | |
| Net cash used in operating activities | |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | |
| Net cash used in investing activities | |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | |
| Proceeds from sale of Private Placements Warrants | |
| Repayment of promissory note - related party | |
| Payment 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: | |
| Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | |
| Offering costs paid through promissory note - related party | |
| Prepaid expenses paid through promissory note - related party | |
| Deferred underwriting fee payable |
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