v3.25.2
Consolidated Condensed Statements of Changes in Shareholders’ Deficit (Unaudited) - USD ($)
Ordinary Shares
Class A
Ordinary Shares
Class B
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2023 $ 460 $ 24,540 $ (88,569) $ (63,569)
Balance (in Shares) at Dec. 31, 2023 4,600,000      
Sale of 509,000 Private Placement Shares $ 51 5,089,949 5,090,000
Sale of 509,000 Private Placement Shares (in Shares) 509,000      
Allocated value of transaction costs to private shares (22,096) (22,096)
Share-based compensation expense 39,372 39,372
Accretion of Class A ordinary shares subject to possible redemption (5,131,765) (4,233,488) (9,365,253)
Net income (Loss) 1,100,442 1,100,442
Balance at Mar. 31, 2024 [1] $ 51 $ 460 (3,221,615) (3,221,104)
Balance (in Shares) at Mar. 31, 2024 [1] 509,000 4,600,000      
Balance at Dec. 31, 2023 $ 460 24,540 (88,569) (63,569)
Balance (in Shares) at Dec. 31, 2023 4,600,000      
Net income (Loss)         3,312,978
Balance at Jun. 30, 2024 [1] $ 51 $ 460 (3,373,958) (3,373,447)
Balance (in Shares) at Jun. 30, 2024 [1] 509,000 4,600,000      
Balance at Mar. 31, 2024 [1] $ 51 $ 460 (3,221,615) (3,221,104)
Balance (in Shares) at Mar. 31, 2024 [1] 509,000 4,600,000      
Share-based compensation expense 77,400 77,400
Accretion of Class A ordinary shares subject to possible redemption (77,400) (2,364,879) (2,442,279)
Net income (Loss) 2,212,536 2,212,536
Balance at Jun. 30, 2024 [1] $ 51 $ 460 (3,373,958) (3,373,447)
Balance (in Shares) at Jun. 30, 2024 [1] 509,000 4,600,000      
Balance at Dec. 31, 2024 $ 51 $ 460 (3,733,121) (3,732,610)
Balance (in Shares) at Dec. 31, 2024 509,000 4,600,000      
Share-based compensation expense 57,919 57,919
Accretion of Class A ordinary shares subject to possible redemption (57,919) (1,931,349) (1,989,268)
Net income (Loss) (487,392) (487,392)
Balance at Mar. 31, 2025 $ 51 $ 460 (6,151,862) (6,151,351)
Balance (in Shares) at Mar. 31, 2025 509,000 4,600,000      
Balance at Dec. 31, 2024 $ 51 $ 460 (3,733,121) (3,732,610)
Balance (in Shares) at Dec. 31, 2024 509,000 4,600,000      
Net income (Loss)         430,918
Balance at Jun. 30, 2025 $ 51 $ 460 (7,272,551) (7,272,040)
Balance (in Shares) at Jun. 30, 2025 509,000 4,600,000      
Balance at Mar. 31, 2025 $ 51 $ 460 (6,151,862) (6,151,351)
Balance (in Shares) at Mar. 31, 2025 509,000 4,600,000      
Share-based compensation expense 36,000 36,000
Accretion of Class A ordinary shares subject to possible redemption (36,000) (2,038,999) (2,074,999)
Net income (Loss) 918,310 918,310
Balance at Jun. 30, 2025 $ 51 $ 460 $ (7,272,551) $ (7,272,040)
Balance (in Shares) at Jun. 30, 2025 509,000 4,600,000      
[1] On February 1, 2024, the Company effected a share capitalization with respect to the Class B ordinary shares of 1,437,500 Class B ordinary shares, resulting in a total of 4,312,500 Class B ordinary shares held by the Sponsor and Company’s two independent directors and one advisor. On February 8, 2024, the Company effected a share capitalization with respect to the Class B ordinary shares of 287,500 Class B ordinary shares, resulting in a total of 4,600,000 Class B ordinary shares held by the Sponsor and Company’s two independent directors and one advisor. On February 8, 2025, in connection with the appointment of a third independent director, Albert A. Homan III, to the board of directors, the Sponsor transferred 30,000 of the Class B ordinary shares held by it to Mr. Holman. All shares and per share amounts have been retroactively restated.