Summary of Significant Accounting Policies (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Summary of Significant Accounting Policies

Schedule of class A common stock, classified as temporary equity in the condensed balance sheets


Class A common stock subject to possible redemption, December 31, 2023			44,709,805
Redemption of Class A common stock			(44,757,709)
Trust Account withdrawal for tax payments			(489,119)
Remeasurement of Class A common stock subject to possible redemption			966,174
Class A common stock subject to possible redemption, December 31, 2024			429,151
Remeasurement of Class A common stock subject to possible redemption			4,494
Class A common stock subject to possible redemption, March 31, 2025		$	433,645

As of December 31, 2024 and 2023, the Class A common stock, classified as temporary equity in the balance sheets reconciled in the following table:


Class A common stock subject to possible redemption, December 31, 2022		$	237,984,513
Remeasurement of Class A common stock subject to possible redemption			6,707,678
Redemption of Class A common stock			(197,694,657)
Trust Account withdrawal for tax payments			(2,287,729)
Class A common stock subject to possible redemption, December 31, 2023			44,709,805
Remeasurement of Class A common stock subject to possible redemption			966,174
Redemption of Class A common stock			(44,757,709)
Trust Account withdrawal for tax payments			(489,119)
Class A common stock subject to possible redemption, December 31, 2024		$	429,151

Schedule of calculation of basic and diluted net income (loss) per common stock


		For the Three Months Ended
		March 31, 2025
Net loss		$	(101,682)
Less: Remeasurement of Class A redeemable shares to redemption value			(4,494)
Net loss including accretion of Class A redeemable shares to redemption value		$	(106,176)


		For the Three Months Ended
		March 31, 2025
		Class A			Class A and Class B
		Redeemable Shares			Non-redeemable shares			Total
Total number of shares			37,987			5,750,000			5,787,987
Ownership percentage			1	%		99	%		100	%
Net loss allocated based on ownership percentage			(667)			(101,015)			(101,682)
Less: Remeasurement of Class A redeemable shares to redemption value based on ownership percentage			(30)			(4,464)			(4,494)
Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value			4,494			—			4,494
Total income (loss) based on ownership percentage		$	3,797		$	(105,479)		$	(101,682)
Weighted average shares outstanding			37,986			5,750,000
Basic and diluted net income (loss) per share		$	0.10		$	(0.02)


		For the Three Months Ended
		March 31, 2024
Net income		$	261,607
Plus: Trust Account withdrawals for tax payments			489,119
Less: Remeasurement of Class A redeemable shares to redemption value			(559,907)
Net income including accretion of Class A redeemable shares to redemption value		$	190,819


		For the Three Months Ended
		March 31, 2024
		Class A			Class A and Class B
		Redeemable Shares			Non-redeemable shares			Total
Total number of shares			1,163,113			5,750,000			6,913,113
Weighted average shares ratio			38	%		62	%		100	%
Net income allocated based on weighted average shares ratio		$	100,589		$	161,018		$	261,607
Plus: Trust Account withdrawals for tax payments based on weighted average shares ratio			188,068			301,051			489,119
Less: Remeasurement of Class A redeemable shares to redemption value based on weighted average shares ratio			(215,286)			(344,621)			(559,907)
Less: Accretion applicable to Trust Account withdrawals for tax payments			(489,119)			—			(489,119)
Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value			559,907			—			559,907
Total income based on weighted average shares ratio		$	144,159		$	117,448		$	261,607
Weighted average shares outstanding			3,592,063			5,750,000
Basic and diluted net income per share		$	0.04		$	0.02

The following table reflects the calculation of basic and diluted net loss per common stock for the year ended December 31, 2024 (in dollars, except per share amounts):


		For the Year Ended
		December 31, 2024
Net loss		$	(5,107,051)
Plus: Trust Account withdrawals for tax payments			489,119
Less: Remeasurement of Class A redeemable shares to redemption value			(966,174)
Net loss including accretion of Class A redeemable shares to redemption value		$	(5,584,106)


		For the Year Ended
		December 31, 2024
		Class A			Class A and Class B
		Redeemable Shares			Non-redeemable Shares			Total
Total number of shares			37,987			5,750,000			5,787,987
Weighted average shares ratio			22	%		78	%		100	%

Net loss allocated based on ownership percentage		$	(1,118,969)		$	(3,988,082)		$	(5,107,051)

Plus: Trust Account withdrawals for tax payments based on weighted average shares ratio			107,167			381,952			489,119
Less: Remeasurement of Class A redeemable shares to redemption value based on weighted average shares ratio			(211,691)			(754,483)			(966,174)

Less: Accretion applicable to Trust Account withdrawals for tax payments			(489,119)			—			(489,119)
Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value			966,174			—			966,174
Total income (loss) based on ownership percentage		$	(746,438)		$	(4,360,613)		$	(5,107,051)

Weighted average shares outstanding			1,613,326			5,750,000
Basic and diluted net loss per share		$	(0.46)		$	(0.76)

The following table reflects the calculation of basic and diluted net income (loss) per common stock for the year ended December 31, 2023 (in dollars, except per share amounts):


		For the Year Ended
		December 31, 2023
Net income		$	2,729,602
Plus: Trust Account withdrawals for tax payments			2,287,729
Less: Remeasurement of Class A redeemable shares to redemption value			(6,707,678)
Net loss including accretion of Class A redeemable shares to redemption value		$	(1,690,348)


		For the Year Ended
		December 31, 2023
		Class A			Class A and Class B
		Redeemable Shares			Non-redeemable Shares			Total
Total number of shares			4,150,065			5,750,000			9,900,065
Weighted average shares ratio			68	%		32	%		100	%
Net income allocated based on ownership percentage		$	1,865,473		$	864,129		$	2,729,602
Plus: Trust Account withdrawals for tax payments based on weighted average shares ratio			1,563,487			724,242			2,287,729
Less: Remeasurement of Class A redeemable shares to redemption value based on weighted average shares ratio			(4,584,183)			(2,123,495)			(6,707,678)
Less: Accretion applicable to Trust Account withdrawals for tax payments			(2,287,729)			—			(2,287,729)
Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value			6,707,678			—			6,707,678
Total income (loss) based on ownership percentage		$	3,264,726		$	(535,124)		$	2,729,602
Weighted average shares outstanding			12,413,050			5,750,000
Basic and diluted net income (loss) per share		$	0.26		$	(0.09)

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

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