v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ (801,621) $ 1,156,121
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on investments held in Trust Account (466,362) (1,849,622)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (75,888) (4,096)
Accounts payable and accrued expenses 638,682 38,650
Income tax payable (865,068) 383,682
Franchise tax payable (47,734) 18,122
Due to related party 46,049
Due to related party - administrative fee (10,000) (18,710)
Net cash used in operating activities (1,581,942) (275,853)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account (360,000)
Cash withdrawn from Trust Account to pay redeemed public stockholders 55,152,224
Cash withdrawn from Trust Account to pay taxes 73,134
Net cash provided by investing activities 54,865,358
Cash Flows from Financing Activities:    
Payment to redeemed public stockholders (55,152,224)
Proceeds from promissory note - KM QUAD 540,000
Net cash used in financing activities (54,612,224)
Net Changes in Cash (1,328,808) (275,853)
Cash - Beginning of period 1,554,737 610,185
Cash - End of period 225,929 334,332
Supplemental Disclosure of Non-cash Financing Activities:    
Extension fees attributable to common stock subject to redemption 360,000
Excise tax imposed on common stock redemptions 551,522
Remeasurement of common stock subject to possible redemption $ 350,880 $ 1,432,263