v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Prepaid expense $ 261,469 $ 1,500
Marketable securities held in trust - Current 10,819,317
Total current assets 261,469 10,820,817
Noncurrent assets:    
Marketable securities held in trust account 530,462 292,536
Total noncurrent assets 530,462 292,536
Total assets 791,931 11,113,353
Current liabilities:    
Accrued expenses and other liabilities 447,669 350,213
Redemption liability 10,819,317
Promissory notes and loan payable to Sponsor 1,133,189 394,488
Total current liabilities 1,580,858 11,564,018
Noncurrent liabilities:    
Deferred underwriting commissions 2,875,000 2,875,000
Total noncurrent liabilities 2,875,000 2,875,000
Total liabilities 4,455,858 14,439,018
Commitment and contingencies (Note 6)
Ordinary shares subject to possible redemption, 22,664 and 22,664 shares at redemption value of $23.41 and $12.91 per share at June 30, 2025 and December 31, 2024, respectively 530,462 292,536
Stockholders’ deficit:    
Ordinary shares, par value $0.001, authorized 50,000,000 shares; 3,205,000 and 3,205,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively, excluding 22,664 and 22,664 shares subject to possible redemption 3,205 3,205
Additional paid-in capital 6,522,515 6,760,441
Accumulated deficit (10,720,109) (10,381,847)
Total stockholders’ deficit (4,194,389) (3,618,201)
Total liabilities and stockholders’ deficit $ 791,931 $ 11,113,353