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FY2025
5 months to Dec 31, 2025
|
|
|---|---|
| Cash Flows from Operating Activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Payment of formation, general, and administrative costs through promissory note – related party | |
| Payment of formation, general, and administrative costs through issuance of Class B ordinary shares | |
| Interest earned on investments held in Trust Account | |
| Share-based compensation expense | |
| Change in fair value of overallotment liability | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | |
| Prepaid Insurance | |
| Accrued expenses | |
| Net cash used in operating activities | |
| Cash Flows from Investing Activities: | |
| Investment of cash in 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 | |
| Proceeds from promissory note - related party | |
| Payment of offering costs | |
| Net cash provided by financing activities | |
| Net Change in Cash | |
| Cash – End of period | |
| Noncash investing and financing activities: | |
| Offering costs included in accrued offering costs | |
| Deferred underwriting fee payable | |
| Repayment of promissory notes – related party - offset against private placement units receivable from sponsor | |
| Reclassification of promissory notes – related party to due to sponsor |
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