v3.25.2
Condensed Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2025
USD ($)
Cash Flows from Operating Activities:  
Net income $ 974,692
Adjustments to reconcile net income to net cash used in operating activities:  
Earnings on marketable securities held in Trust Account (1,164,886)
Operating expenses paid via promissory note - related party 112,848
Operating costs paid by Sponsor from proceeds withdrawn from Trust Account 207,836
Changes in operating assets and liabilities:  
Accrued expenses 73,117
Due to related party 75,000
Prepaid insurance (120,171)
Net cash provided by operating activities 158,436
Cash Flows from Investing Activities:  
Cash deposited into Trust Account (172,500,000)
Net cash used in investing activities (172,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 168,042,965
Proceeds from Private Placement Warrants, less issuance costs 3,829,991
Proceeds from Public Warrants, less issuance costs 468,608
Net cash provided by financing activities 172,341,564
Net Change in Cash
Cash - Beginning of period
Cash - End of period
Supplemental Disclosure of Non-Cash Investing and Financing Activities:  
Deferred underwriting fee payable charged to Class A ordinary share issuance costs 6,900,000
Repayment of promissory note – related party by Sponsor 112,848
Proceeds from Initial Public Offering and sale of Private Placement Warrants held by Sponsor $ 1,602,224