v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (440,564) $ (2,305,489)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest income on investments held in Trust Account (38,883) (81,536)
Gain from extinguishment of promissory note (360,114)
Change in fair value of derivative warrant liabilities 15,780 72,885
Changes in operating assets and liabilities:    
Prepaid expense (21,464) 47,297
Due to related party 27,882 (4,170)
Accrued costs and expenses 402,910 1,393,627
Income tax payable 76,953 (421,427)
Franchise tax payable (9,400) (14,000)
Net cash used in operating activities (346,900) (1,312,813)
Cash flows from investing activities:    
Principal deposited in Trust Account (28,216) (10,000)
Interest withdrawal for tax obligations 25,145 16,803
Cash withdrawn from Trust Account in connection with redemption 1,019,230
Net cash provided by (used in) investing activities 1,016,159 6,803
Cash flows from financing activities:    
Proceeds from promissory note related party (4503309 Nova Scotia Ltd.) 249,985
Proceeds from issuance of promissory note - related party (SVES) 94,529
Proceeds from issuance of promissory note - related party 15,600
Redemption of ordinary shares (1,019,230) (132,263)
Net cash provided by (used in) financing activities (674,716) (116,663)
Net change in cash (5,457) (1,422,673)
Cash, beginning of the year 7,131 1,429,804
Cash, end of the year 1,674 7,131
Supplemental disclosure of cash flow information:    
Income taxes paid $ 24,970 $ 475,187