v3.25.2
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 2,549,804 $ 831,330
Adjustments to reconcile income to net cash used in operating activities:    
Interest and dividends earned on cash and investments held in Trust Account (3,875,873) (1,504,700)
Changes in operating assets and liabilities:    
Prepaid expenses (16,116) (19,389)
Short-term prepaid insurance 254,625 (339,500)
Long-term prepaid insurance (79,217)
Due to Sponsor 2,788
Accounts payable and accrued expenses (65,942) 29,513
Income taxes payable (110,067) 314,854
Net cash used in operating activities (1,260,781) (767,109)
Cash flows from investing activities:    
Cash withdrawn from Trust Account to pay income taxes 924,000
Investment of cash into Trust Account (115,575,000)
Net cash provided by (used in) investing activities 924,000 (115,575,000)
Cash flows from financing activities:    
Proceeds from sale of units, net of underwriting discounts paid 111,550,000
Proceeds from sale of private placement units 6,105,000
Proceeds from promissory note 292,344
Repayment of promissory note (292,344)
Advances from related party 2,249,805
Repayment of advances from related party (2,299,805)
Payment of offering costs (438,795)
Net cash provided by financing activities 117,166,205
Net change in Cash and cash equivalents (336,781) 824,096
Cash and cash equivalents – beginning of the period 822,799 52,553
Cash and cash equivalents – end of the period 486,018 876,649
Non-Cash investing and financing activities:    
Issuance of representative shares 3,867,050
Representative warrants deferred offering cost allocation 81,208
Remeasurement of Common Stock subject to possible redemption $ 3,061,940 $ 11,751,163