v3.25.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,264 $ 28,407
Prepaid expenses 48,045 35,000
Total current assets 49,309 63,407
Other assets    
Marketable securities held in trust account 30,666,039 30,124,557
Total assets 30,715,348 30,187,964
Current liabilities    
Accrued offering costs 24,999 24,999
Accounts payable and accrued expenses 598,623 508,906
Deferred credit - operating expenses funded by Xiaoyu Dida 241,250 191,250
Excise tax liability 301,944 301,944
Income taxes payable 282,839 221,943
Total current liabilities 4,212,935 3,626,322
Deferred underwriting fee payable 1,897,350 1,897,350
Total liabilities 6,110,285 5,523,672
Commitments and Contingencies (Note 6)
Stockholders’ deficit    
Preferred stock, value
Accumulated deficit (5,873,109) (5,359,694)
Total stockholders’ deficit (5,872,968) (5,359,553)
Total liabilities, common stock subject to possible redemption, and stockholders’ deficit 30,715,348 30,187,964
Class A Common Stock    
Current liabilities    
Class A common stock subject to possible redemption, $0.0001 par value; 26,000,000 shares authorized; 2,668,693 shares issued and outstanding (at $11.42 and $11.25 redemption value as of March 31, 2025 and December 31, 2024, respectively) 30,478,031 30,023,845
Stockholders’ deficit    
Common stock, value 5 5
Class B Common Stock    
Stockholders’ deficit    
Common stock, value 136 136
Related Party    
Current liabilities    
Due to related party 212,180 182,180
Convertible note - related party 2,000,000 2,000,000
Promissory note - related party $ 551,100 $ 195,100