|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
|
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | |||
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Interest income earned in cash and investments held in trust account | |||
| Dividend income earned in cash and investments held in trust account | |||
| Changes in operating assets and liabilities: | |||
| Prepayment | |||
| Accrued expenses | |||
| Net cash used in operating activities | |||
| Cash flows from investing activities: | |||
| Cash withdrawn from Trust Account in connection to redemption | |||
| Extension payments deposited in Trust Account | |||
| Proceeds deposited in Trust Account | |||
| Net cash provided by investing activities | |||
| Cash flows from financing activities: | |||
| Advances from a related party | |||
| Advance from a related party | |||
| Repayment to related party | |||
| Proceeds from public offering | |||
| Proceeds from private placement | |||
| Payment of offering costs | |||
| Proceed from extension promissory note - related party | |||
| Redemption of common stock | |||
| Net cash used in financing activities | |||
| NET CHANGE IN CASH | |||
| CASH AT BANK, BEGINNING OF YEAR | |||
| CASH AT BANK, 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 | |||
| Accrued underwriting compensation | |||
| Initial classification of common stock subject to possible redemption | |||
| Allocation of offering costs to common stock subject to possible redemption | |||
| Accretion of carrying value to redemption value |
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