v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 17,565 $ 129,598
Prepaid expenses 19,730 28,000
Total current assets 37,295 157,598
Investments held in Trust Account 5,354,147 5,285,060
Total Assets 5,391,442 5,442,658
Current liabilities:    
Accounts payable 436,756 341,262
Accrued expenses 596,584 580,531
Total current liabilities 1,183,340 1,041,793
Bridge Financing Note 1,023,235 1,063,235
Derivative liabilities 275,630 88,200
Contingently issuable private placement warrants 14,375 4,600
Total Liabilities 2,793,522 2,494,770
Commitments and Contingencies (Note 6)
Shareholders’ deficit:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 129,497
Accumulated deficit (2,756,802) (2,367,244)
Total shareholders’ deficit (2,756,227) (2,237,172)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 5,391,442 5,442,658
Class A Ordinary Shares Subject to Possible Redemption    
Current liabilities:    
Class A ordinary shares subject to possible redemption; $0.0001 par value; 455,736 shares at redemption value of approximately $11.748 and $11.377 per share at March 31, 2025 and December 31, 2024, respectively 5,354,147 5,185,060
Class A Ordinary Shares    
Shareholders’ deficit:    
Ordinary shares, value 256 256
Class B Ordinary Shares    
Shareholders’ deficit:    
Ordinary shares, value 319 319
Related Party    
Current liabilities:    
Accrued expenses – related party 150,000 120,000
Exchange Note – related party $ 296,942 $ 296,942