v3.25.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
4 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 107,218 $ 4,446,406
Adjustments to reconcile net income to net cash used in operating activities:    
Payment of formation costs through promissory note 5,000
Change in fair value of marketable securities (240,830) (4,925,132)
Changes in operating assets and liabilities:    
Prepaid expenses (23,150) (33,941)
Prepaid insurance (262,500) 39,375
Deferred legal fee payable 10,000 75,000
Accrued expenses 12,149 76,637
Net cash used in operating activities (392,113) (321,655)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 226,000,000
Proceeds from sale of Private Placements Warrants 6,000,000
Proceeds from promissory note - related party 175,000
Repayment of promissory note - related party (180,000)
Payment of offering costs (449,395)
Net cash provided by financing activities 231,570,605
Net Change in Cash 1,178,492 (321,655)
Cash – Beginning of period 891,017
Cash – End of period 1,178,492 569,362
Non-Cash investing and financing activities:    
Offering costs included in accrued offering costs 113,480 75,000
Deferred underwriting fee payable 9,800,000
Deferred legal fee payable $ 110,000 $ 75,000