v3.25.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net (loss) income $ (5,638,668) $ 3,469,437
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Realized gain on investments held in Trust Account (1,123,379) (4,690,197)
Interest on related party promissory note 30,439 5,795
Deemed contribution for administrative support - related party 60,000 60,000
Change in fair value of warrant liabilities 6,311,650 644,800
Changes in operating assets and liabilities:    
Prepaid expenses 5,812 (134,777)
Accounts payable 58,076 (60,144)
Accrued expenses (56,644) 191,714
Net cash used in operating activities (352,714) (513,372)
Cash Flows from Investing Activities    
Purchase of U.S. government treasury obligations (110,547,727) (385,455,833)
Proceeds from redemption and maturities of marketable securities held in Trust Account 110,139,000 383,887,712
Trust Account withdrawal 141,300,945
Net cash used in (provided by) investing activities (408,727) 139,732,824
Cash Flows from Financing Activities    
Redemption of Class A ordinary shares (141,300,945)
Proceeds from note payable and advances from related party 829,977 2,058,121
Net cash provided by (used in) financing activities 829,977 (139,242,824)
Net increase (decrease) in cash 68,536 (23,372)
Cash - beginning of period 2,121 47,046
Cash - end of period 70,657 23,674
Supplemental disclosure of noncash investing and financing activities:    
Accretion of Class A shares to redemption value $ 1,532,106 $ 6,258,318