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FY2025
10 months to Dec 31, 2025
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|---|---|
| Cash Flows from Operating Activities: | |
| Net income | |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Payment of general and administrative costs through promissory note – related party | |
| Payment of formation costs through issuance of Founder Shares | |
| Interest income earned on cash held in Trust Account | |
| Compensation expense | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | |
| Long-term prepaid insurance | |
| Accounts payable and 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 Placement Units | |
| Underwriters’ reimbursement | |
| Repayment of advances from related party | |
| Repayment of promissory note - related party | |
| Proceeds from convertible promissory note | |
| Payment of offering costs | |
| Net cash provided by financing activities | |
| Net Change in Cash | |
| Cash – End of period | |
| Non-cash investing and financing activities: | |
| Deferred offering costs included in accrued offering costs | |
| 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 offering costs paid through advances from related party | |
| Prepaid services paid by Sponsor through the promissory note – related party | |
| Deferred underwriting fee payable |
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