v3.25.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 430,918 $ 3,312,978
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (4,064,267) (3,648,794)
Non-cash accrued offering costs adjustment (81,000)
Share-based compensation expense 93,919 116,772
Changes in operating assets and liabilities:    
Prepaid expense and other currents assets (60,340) (11,307)
Short-term prepaid insurance 99,792 (249,840)
Long-term prepaid insurance 25,128 (150,048)
Due to sponsor 38,748
Accounts payable and accrued expenses 2,402,556 64,141
Net cash used in operating activities (1,033,546) (647,098)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (184,000,000)
Net cash used in investing activities (184,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Private Placement Shares, net of underwriting discounts paid 182,160,000
Proceeds from sale of Private Placement Shares 5,090,000
Repayment of promissory note – related party (209,853)
Payment of offering costs (578,550)
Net cash provided by financing activities 186,461,597
Net Change in Cash (1,033,546) 1,814,499
Cash – Beginning of period 1,697,777
Cash – End of period 664,231 1,814,499
Non-Cash investing and financing activities:    
Deferred offering costs paid by Sponsor through promissory note $ 139,758