v3.25.1
Unaudited Condensed Consolidated Statement of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Cash Flows from Operating Activities:          
Net (loss) income $ (890) $ (38,904)      
Changes in operating assets and liabilities:          
Accounts payable and accrued expenses 890 32,452      
Due to related party   6,452      
Net cash used in operating activities      
Cash Flows from Financing Activities:          
Net Change in Cash      
Cash – Beginning of period      
Cash – End of period    
COLOMBIER ACQUISITION CORP. II          
Cash Flows from Operating Activities:          
Net (loss) income   (48,958) $ 1,660,079 $ 414,496 5,758,466
Adjustments to reconcile net (loss) income to net cash used in operating activities:          
Formation and operation expenses paid by Sponsor       84,729
Interest earned on marketable securities held in Trust Account   (1,860,128) (2,228,698) (856,457) (8,778,260)
Changes in operating assets and liabilities:          
Prepaid expenses   10,737 (6,068) (22,816) (119,217)
Prepaid insurance   55,415 55,415 (420,182) 221,662
Accounts payable and accrued expenses   1,380,564 10,145 119,357 615,198
Net cash used in operating activities   (462,370) (509,127) (680,873) (2,302,151)
Cash Flows from Investing Activities:          
Investment of cash into Trust Account       (170,000,000)
Cash withdrawn from Trust Account for working capital purposes       2,000,000
Net cash provided by (used in) investing activities       (170,000,000) 2,000,000
Cash Flows from Financing Activities:          
Proceeds from sale of Units, net of underwriting discounts paid       167,450,000
Proceeds from sale of Private Placements Warrants       5,000,000
Repayment of Promissory Note – related party       (196,319)
Payment of offering costs   (716) (279,901) (85,716)
Net cash used in financing activities   (716) 171,973,780 (85,716)
Net Change in Cash   (462,370) (509,843) 1,292,907 (387,867)
Cash – Beginning of period   905,040 1,292,907 1,292,907
Cash – End of period $ 905,040 $ 442,670 $ 783,064 1,292,907 905,040
Non-Cash Investing and Financing Activities:          
Offering costs included in accrued offering costs       85,716
Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares       25,000
Promissory note – related party       196,319
Deferred underwriting fee payable       5,950,000
Forfeiture of Founder Shares       $ 7