v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash $ 657,314 $ 975,319 $ 1,905,123
Prepaid expenses 90,297 125,663 509,950
Total current assets 747,611 1,100,982 2,415,073
Investments held in Trust Account 556,498,479 550,800,038 523,038,352
Total assets 557,246,090 551,901,020 525,453,425
Current liabilities:      
Accrued expenses 3,034,254 690,348 271,633
Due to related party 58,590 50,221 7,500
Total current liabilities 3,092,844 740,569 279,133
Overfunding loans 5,000,000 5,000,000 5,000,000
Deferred underwriting and advisory fees 17,500,000 17,500,000 17,500,000
Total liabilities 25,592,844 23,240,569 22,779,133
Commitments and contingencies  
Class A ordinary shares subject to possible redemption 556,398,479 550,700,038 522,938,352
Shareholders' deficit      
Preference shares, $0.0001 par value; 99,990,000 shares authorized; none issued or outstanding 0 0 0
Accumulated deficit (24,746,483) (22,040,837) (20,265,310)
Total shareholders' deficit (24,745,233) (22,039,587) (20,264,060) [1]
Total liabilities and shareholders' deficit 557,246,090 551,901,020 525,453,425
Common Class A      
Shareholders' deficit      
Ordinary shares 0 0 0
Common Class B      
Shareholders' deficit      
Ordinary shares $ 1,250 $ 1,250 $ 1,250
[1] On April 25, 2023, the Company consummated the sale of Over-Allotment Units pursuant to the underwriters’ partial exercise of their over-allotment option. All share amounts have been retroactively restated to reflect the share surrender and share recapitalization events and the share forfeitures (see Note 4).