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FY2025
12 months to Dec 31, 2025
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|---|---|
| Cash Flows from Operating Activities: | |
| Net income (loss) | |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |
| Interest earned on marketable securities held in Trust Account | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | |
| Prepaid insurance | |
| Long-term prepaid insurance | |
| Accounts payable and accrued liabilities | |
| Net cash used in operating activities | |
| Cash Flows from Investing Activities: | |
| Investment of cash in 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 Placement Units | |
| Proceeds from promissory note – related party | |
| Repayment of promissory note - related party | |
| Payments of offering costs | |
| Net cash provided by financing activities | |
| Net Change in Cash | |
| Cash – End of period | |
| Non-Cash financing activities: | |
| Offering costs included in accrued offering costs | |
| Deferred underwriting fee payable | |
| Conversion of advances and short-term promissory notes to long-term promissory notes |
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