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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: | |
| Note receivable | |
| Prepaid expenses | |
| Prepaid insurance | |
| Accounts payable and accrued expenses | |
| Deferred legal fees | |
| Net cash used in operating activities | |
| Cash flows from investing activities: | |
| Investment of cash into Trust Account | |
| Cash withdrawn from Trust Account for working capital purposes | |
| 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 | |
| Payment of deferred offering costs | |
| Net cash provided by financing activities | |
| Net change in cash | |
| Cash, beginning of the period | |
| Cash, end of the period | |
| Noncash investing and financing activities: | |
| Deferred offering costs included in deferred legal fees | |
| Deferred underwriting fee payable | |
| Forfeiture of founder shares |
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