|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Payment of operation costs through promissory note | ||
| Operating expenses paid on behalf of the Company | ||
| Interest earned on Investments held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Accounts payable and accrued expenses | ||
| Income tax payable | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Investment of cash in Trust Account | ||
| Cash withdrawn from Trust Account for income and franchise taxes | ||
| Net cash provided by (used in) investing activities | ||
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of Units, net of underwriting discounts paid | ||
| Proceeds from sale of Private Units | ||
| Proceeds from promissory note - related party | ||
| 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 year | ||
| Offering costs included in accrued offering costs | ||
| Deferred underwriting fee payable | ||
| Non-cash investing and financing activities and cash paid for income taxes: | ||
| Deferred offering costs included in accrued offering costs | ||
| Amounts reclassified to promissory note | ||
| Cash paid for income taxes |
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