v3.25.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2023
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities:        
Net Income (Loss) $ (18,958) $ 3,556,509 $ 1,938,635 $ 8,791,874
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Formation and operating expenses paid by Sponsor     44,020 44,020
Interest income earned on Trust Account 0 (6,178,625) (2,260,889) (9,622,647)
Changes in operating assets and liabilities:        
Prepaid expenses   (49,460) (42,182) (6,179)
Prepaid insurance   215,497 (798,538) (583,040)
Accrued expenses 18,958 469,567 57,711 56,041
Net cash used in operating activities   (1,986,512) (1,061,243) (1,319,931)
Cash Flows from Investing Activities:        
Investment of cash into Trust Account     (287,500,000) (287,500,000)
Cash withdrawn from Trust Account for working capital purposes       1,000,000
Net cash used in investing activities     (287,500,000) (286,500,000)
Cash Flows from Financing Activities:        
Proceeds from sale of Units, net of underwriting discounts paid     281,750,000 281,750,000
Proceeds from sale of Private Placement Units     7,250,000 7,250,000
Underwriters' reimbursement     1,808,750 1,808,750
Repayment of promissory note - related party     (314,295) (314,295)
Payment of offering costs     (261,960) (261,960)
Net cash provided by financing activities     290,232,495 290,232,495
Net Change in Cash   (1,986,512) 1,671,252 2,412,564
Cash – Beginning   2,412,564 0 0
Cash – Ending 0 $ 426,052 1,671,252 2,412,564
Non-cash investing and financing activities:        
Deferred underwriting fee payable 25,000   $ 10,062,500 10,062,500
Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 25,000      
Deferred offering costs paid through promissory note - related party 37,500     232,775
Deferred Offering costs included in accrued offering costs $ 2,853     $ 247,960