v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:        
Net (loss) income $ (101,682) $ 261,607 $ (5,107,051) $ 2,729,602
Adjustments to reconcile net income to net cash used in operating activities:        
Accrued dividend on marketable securities held in Trust Account (1,541) (175,923) (1,603) (198,419)
Change in fair value of warrant liabilities (58,900) (447,950) 4,058,500 53,450
Non-redemption agreement expense   274,973    
Sponsor capital contribution for non-redemption agreements     274,973 934,906
Changes in operating assets and liabilities:        
Accounts payable and accrued expenses (116,017) (1,850,511) (1,592,531) 1,571,909
Administrative support fee - related party 45,000 45,000 180,000 231,500
Due to related party   34,357 34,357 (8,317)
Prepaid expenses (108,663) (130,720) (131,004) 227,594
Net cash used in operating activities (341,803) (1,989,167) (2,284,359) 5,542,225
Cash Flows from Investing Activities:        
Purchases of marketable securities held in Trust Account (2,953) (383,984) (964,570) (6,509,259)
Proceeds from marketable securities held in Trust Account   32,703,710 45,246,828 199,982,386
Net cash (used in) provided by investing activities (2,953) 32,319,726 44,282,258 193,473,127
Cash Flows from Financing Activities:        
Payment to Class A common stockholders for redemptions   (32,214,591) (44,757,709) (197,694,657)
Cash capital contribution from Sponsor   235,647 644,227 800,000
Promissory note - related party 204,128   439,004  
Net cash provided by (used in) financing activities 204,128 (31,978,944) (43,674,478) (196,894,657)
Net Change in Cash (140,628) (1,648,385) (1,676,579) 2,120,695
Cash - Beginning of period 494,974 2,171,553 2,171,553 50,858
Cash - End of period 354,346 523,168 494,974 2,171,553
Supplemental Non-Cash Investing and Financing Activities:        
Remeasurement of Class A common stock subject to possible redemption 4,494 559,907 966,174 6,707,678
Excess fair value of Class B common stock transferred by Sponsor   274,973 274,973 934,906
Excise tax liability   322,145 447,576 1,976,947
Supplemental Cash Flow Information:        
Cash paid for taxes $ 140,000 2,201,810 2,201,810  
Trust Account withdrawal for tax payments   $ 489,119 $ 489,119 $ 2,287,729