STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
3 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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Cash flows from operating activities: | ||
Net income (loss) | $ 577,698 | $ (75,788) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Interest and dividends earned on cash and investments held in trust account | (739,769) | |
Change in operating assets and liabilities | ||
Prepayments and deposits | (25,293) | 1,372 |
Accrued liabilities | (26,178) | 3,910 |
Due to related party | 30,000 | |
Net cash used in operating activities | (183,542) | (70,506) |
Cash flows from financing activities: | ||
Promissory notes - related party | 142,500 | |
Payment of deferred offering costs | (5,000) | |
Net cash provided by (used in) financing activities | 142,500 | (5,000) |
NET CHANGE IN CASH | (41,042) | (75,506) |
CASH, BEGINNING OF PERIOD | 76,747 | 116,210 |
CASH, END OF PERIOD | 35,705 | 40,704 |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Subsequent remeasurement of ordinary shares subject to possible redemption | $ 739,769 |
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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