v3.25.1
Unaudited Consolidated Condensed Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net (loss) income $ (3,351,335) $ 2,292,526
Adjustments to reconcile net (loss) income to cash used in operating activities:    
Change in fair value of conversion event liability 12,656
Interest expense 162,092
Interest and income earned on cash and Trust Account investments (34,256) (674,257)
Change in fair value of warrant liabilities 1,881,000 (2,048,200)
Changes in Operating Assets and Liabilities:    
Prepaid expenses 33,590
Accounts payable and accrued expenses 24,468 30,968
Accrued franchise tax 6,400 39,459
Accrued excise tax 288,390
Income tax payable 5,851 157,804
Net Cash Used in Operating Activities (1,004,734) (168,110)
Cash Flows from Investing Activities:    
Cash deposited into Trust Account (150,000) (240,000)
Cash withdrawn from Trust Account for payment to redeeming stockholders 50,312,460
Net Cash Provided by Investing Activities (150,000) 50,072,460
Cash Flows from Financing Activities:    
Proceeds from Note Payable—Sponsor 240,000
Proceeds from Note Payable—related party 1,350,000 170,000
Repayment of Note Payable—related party (11,000)
Payment to redeeming stockholders (50,312,460)
Net Cash Provided By (Used in) Financing Activities 1,339,000 (49,902,460)
Net Change in Cash 184,266 1,890
Cash – Beginning of Period 39,938 189
Cash – End of Period 224,204 2,079
Supplemental Disclosure of Noncash Investing and Financing Activities:    
Remeasurement of Common Stock subject to redemption 166,346 791,449
Payable to redeeming shareholders 395,138
Excise tax liability arising from redemption of Class A Common Stock $ 509,757