v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (1,119,910) $ (820,277)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest income on cash held in Trust Account (79,925) (116,664)
Change in fair value of warrant liabilities 348,085 504,723
Changes in fair value of convertible promissory note 225,330 (60,077)
Changes in fair value of securities purchase agreement 23,487
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (27) (54,000)
Accounts payable and accrued expenses 249,387 165,173
Income tax payable 35,115
Prepaid income taxes 19,352
Prepaid Franchise taxes (19,400)
Due to related party (8,820) 78,815
Deferred tax benefit (13,661)
Net cash used in operating activities (362,441) (280,853)
Cash flows from investing activities:    
Payment of extension fee into Trust Account (99,284) (125,021)
Cash withdrawn from Trust Account in connection with redemption 6,510,830 2,653,439
Reimbursement of franchise and income taxes from Trust Account 78,813 28,484
Net cash provided by investing activities 6,490,359 2,556,902
Cash flows from financing activities:    
Proceeds from convertible promissory note 378,185
Advance from Profusa 385,158
Redemption of common stock (6,510,830) (2,653,439)
Net cash used in financing activities (6,125,672) (2,275,254)
Net change in cash 2,246 795
Cash and Restricted Cash, Beginning of the period 16,204 4,519
Cash and Restricted Cash, End of the period 18,450 5,314
Supplemental disclosure of cash flow information:    
Excise tax payable attributable to redemption of common stock 65,108 10,884
Accretion of common stock to redemption value 155,999 205,732
Reconciliation of Cash and Restricted Cash:    
cash, beginning of the period 16,204 4,519
Restricted cash – beginning of the period
Cash and Restricted Cash, Beginning of the period 16,204 4,519
Reconciliation of Cash and Restricted Cash:    
cash, end of the period 5,314
Restricted cash – end of the period 18,450
Cash and Restricted Cash, End of the period $ 18,450 $ 5,314