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FY2025
12 months to Dec 31, 2025
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|
|---|---|
| Cash Flows from Operating Activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Payment of expenses through IPO Promissory Note – related party | |
| Interest earned on marketable securities held in Trust Account | |
| Initial loss on PIPE Subscription Agreements liability | |
| Change in fair value of PIPE Subscription Agreements liability | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | |
| Long-term prepaid insurance | |
| Accrued expenses | |
| Advisory Fee payable | |
| 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 Warrants | |
| Repayment from Sponsor | |
| Repayment of IPO Promissory Note - related party | |
| Payment of offering costs | |
| Net cash provided by financing activities | |
| Net change in cash and cash equivalents | |
| Cash and cash equivalents, end of the period | |
| Non-cash investing and financing activities: | |
| Deferred offering costs paid through IPO Promissory Note – related party | |
| Offering costs included in accrued offering costs | |
| Deferred underwriting fee payable | |
| Deferred offering costs applied to prepaid expense |
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