|
FY2025
12 months to Dec 31, 2025
|
FY2024
6 months to Dec 31, 2024
|
|
|---|---|---|
| Cash flows from Operating Activities: | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Formation cost paid by Sponsor in exchange for issuance of Class B ordinary shares | ||
| Payment of operation costs through promissory note – related party | ||
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | ||
| Payment of expenses through promissory note - related party | ||
| Compensation expense | ||
| Interest earned on marketable securities held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Prepaid insurance | ||
| Accounts payable and accrued expenses | ||
| 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 Units | ||
| Payment of offering costs | ||
| Net cash (used in) provided by financing activities | ||
| Net change in cash | ||
| Cash – beginning of period | ||
| Cash – end of period | ||
| 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 promissory note – related party | ||
| Deferred underwriting fee payable |
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