v3.25.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Insurance expense $ 45,866 $ 63,454 $ 214,185 $ 477,750
Legal and accounting expenses 285,954 415,328 1,253,545 644,515
Interest, general and administrative expenses 32,869 18,587    
Dues and subscriptions 12,922 38,881 170,745 256,333
Administrative expenses – related party 30,000 30,000 120,000 240,000
Interest expense – related party     101,343 28,288
Formation, general and administrative expenses     374 1,552
Operating expenses 407,611 566,250 1,860,192 1,648,438
Loss from operations (407,611) (566,250) (1,860,192) (1,648,438)
Other income (expense):        
Realized gain on marketable securities held in Trust Account     0 2,538,270
Loss on extinguishment of debt (1,822,844) 0    
Dividends on marketable securities held in Trust Account 168,558 679,342 2,032,507 3,736,950
Covenant fees 0 35,000 505,000 0
Provision for credit losses (505,000)   (505,000) 0
Total other income, net (1,654,286) 714,342 2,032,507 6,275,220
Net income $ (2,061,897) $ 148,092 $ 172,315 $ 4,626,782
Redeemable Class A [Member]        
Other income (expense):        
Basic weighted average shares outstanding 1,372,687 4,772,187 3,527,561 12,826,933
Diluted weighted average shares outstanding 1,372,687 4,772,187 3,527,561 12,826,933
Basic net income $ (0.19) $ 0.11 $ 0.47 $ 0.42
Diluted net income $ (0.19) $ 0.11 $ 0.47 $ 0.42
Class A Non Redeemable [Member]        
Other income (expense):        
Basic weighted average shares outstanding 4,743,749 4,743,749 4,743,749 2,222,414
Diluted weighted average shares outstanding 4,743,749 4,743,749 4,743,749 2,222,414
Basic net income $ (0.38) $ (0.08) $ (0.31) $ (0.28)
Diluted net income $ (0.38) $ (0.08) $ (0.31) $ (0.28)
Class B Non Redeemable [Member]        
Other income (expense):        
Basic weighted average shares outstanding 1 1 1 2,521,336
Diluted weighted average shares outstanding 1 1 1 2,521,336
Basic net income $ (0.38) $ (0.08) $ (0.31) $ (0.06)
Diluted net income $ (0.38) $ (0.08) $ (0.31) $ (0.06)