|
FY2025
12 months to Dec 31, 2025
|
FY2024
10 months to Dec 31, 2024
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | ||
| Interest earned on marketable securities and cash held in Trust Account | ||
| Payment of general and administrative costs through promissory note - related party | ||
| Change in fair value of over-allotment option liability | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Formation costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | ||
| Interest earned on marketable securities and cash held in Trust Account | ||
| Payment of general and administrative costs through IPO Promissory Note – related party | ||
| Change in fair value of Over-Allotment Option liability | ||
| Interest due from Everli | ||
| Interest expense on Sponsor Loan | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Accounts payable and accrued expenses | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Investment of cash in Trust Account | ||
| Payment of invoices on behalf of Everli | ||
| 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 | ||
| Repayment of IPO Promissory Note - related party | ||
| Proceeds from Sponsor Loan | ||
| Payment of offering costs | ||
| Net cash provided by financing activities | ||
| Net Change in Cash | ||
| Cash – Beginning of period | ||
| Cash – End of period | ||
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | ||
| Deferred offering costs paid through promissory note - related party | ||
| Overallotment liability at Initial Public Offering date | ||
| Deferred underwriting fee payable | ||
| Forfeiture of Class B ordinary shares | ||
| Non-Cash investing and financing activities: | ||
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares | ||
| Deferred offering costs paid through IPO Promissory Note – related party | ||
| Deferred underwriting fee payable | ||
| Over-allotment liability at Initial Public Offering date | ||
| Forfeiture of Class B Ordinary Shares |
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