v3.25.1
BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current asset:    
Cash $ 35,705 $ 76,747
Prepayments and deposits 121,030 95,737
Total current assets 156,735 172,484
Cash and investments held in trust account 71,538,905 70,799,136
TOTAL ASSETS 71,695,640 70,971,620
Current liabilities:    
Accrued liabilities 8,192 34,370
Promissory notes – related party 850,351 677,851
Total current liabilities 858,543 712,221
Deferred underwriting compensation 1,725,000 1,725,000
TOTAL LIABILITIES 2,583,543 2,437,221
Ordinary shares subject to possible redemption, 6,900,000 and 6,900,000 shares issued and outstanding at redemption value of $10.37 and $10.26 at March 31, 2025 and December 31, 2024, respectively 71,538,905 70,799,136
Shareholders’ deficit:    
Ordinary shares, $0.001 par value; 50,000,000 shares authorized; 1,963,000 and 1,963,000 shares issued and outstanding (excluding 6,900,000 and 6,900,000 shares, subject to possible redemption as of March 31, 2025 and December 31, 2024, respectively) 1,963 1,963
Accumulated deficit (2,428,771) (2,266,700)
Total Shareholders’ deficit (2,426,808) (2,264,737)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $ 71,695,640 $ 70,971,620