v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash $ 225,929 $ 1,554,737
Prepaid expenses and other assets 94,869 18,981
Total Current Assets 320,798 1,573,718
Investments held in Trust Account 18,716,360 73,115,355
Total Assets 19,037,158 74,689,073
Current Liabilities    
Due to related party - administrative fee 20,000 30,000
Accounts payable and accrued expenses 709,660 70,978
Franchise tax payable 18,266 66,000
Income tax payable 66,050 931,118
Excise tax payable 551,522
Promissory note – KM QUAD 1,040,000 500,000
Total Current Liabilities 2,455,498 1,602,047
Deferred underwriting fee payable 2,415,000 2,415,000
Total Liabilities 4,870,498 4,017,047
Commitments and Contingencies
Common stock subject to possible redemption, $0.0001 par value; 20,000,000 shares authorized; 1,700,703 and 6,900,000 shares issued and outstanding at redemption value of $10.99 and $10.60 as of June 30, 2025 and December 31, 2024, respectively 18,696,615 73,137,958
Stockholders’ Deficit    
Common stock, $0.0001 par value; 20,000,000 shares authorized; 2,047,045 shares issued and outstanding (excluding 1,700,703 and 6,900,000 shares subject to possible redemption as of June 30, 2025 and December 31, 2024, respectively) 204 204
Accumulated deficit (4,530,159) (2,466,136)
Total Stockholders’ Deficit (4,529,955) (2,465,932)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 19,037,158 74,689,073
Related Party [Member]    
Current Liabilities    
Due to related party $ 50,000 $ 3,951