v3.25.4
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended 4 Months Ended 7 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Sep. 30, 2025
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:              
Net income (loss) $ (57,798) $ (7,756) $ (65,554)        
Changes in operating assets and liabilities:              
Accounts payable and accrued expenses   7,756 49,954        
Due to affiliate     15,600        
Net cash used in operating activities          
Cash flows from financing activities:              
Net change in Cash          
Cash, beginning of period        
Cash, end of period      
Cantor Equity Partners, Inc.              
Cash flows from operating activities:              
Net income (loss) 2,056,168     3,252,415 $ 440,901 $ 1,537,791 $ (252,866)
Adjustments to reconcile net income to net cash used in operating activities:              
General and administrative expenses paid by related party       485,580 87,517
Interest income on investments held in Trust Account (1,132,342)     (3,404,414) (627,245) (1,881,736)
Change in fair value of forward sale securities (1,559,663)     (1,559,663)    
Changes in operating assets and liabilities:              
Deferred offering costs           190,800
Prepaid expenses       95,043 (220,000) 122,105
Receivable from related party       (11,200)    
Other assets       139,799 (189,848)    
Accrued expenses       1,002,344 2,146 (3,263) 28,559
Payable to related party       456,452    
Net cash used in operating activities       (96) (137,594) (137,586) (33,507)
Cash flows from investing activities:              
Maturity of available-for-sale debt securities held in Trust Account       206,389,300    
Cash deposited in Trust Account           (9)
Purchase of available-for-sale debt securities held in Trust Account       (206,389,204) (99,999,991) (99,999,991)
Net cash provided by (used in) investing activities       96 (99,999,991) (100,000,000)
Cash flows from financing activities:              
Proceeds received from initial public offering       100,000,000 100,000,000
Proceeds received from private placement       3,000,000 3,000,000
Offering costs paid       (2,369,200) (2,369,200)
Deferred offering costs paid by related party       (41,768) (41,768)
Payment on Note payable – related party       (182,434)    
Proceeds from Note payable – related party       571,343 150,558 33,507
Payment on Payable to related party       (571,343) (577,004)
Net cash provided by financing activities       100,406,598 100,162,586 33,507
Net change in Cash       269,013 25,000
Cash, beginning of period       25,000
Cash, end of period $ 25,000   $ 25,000 $ 25,000 $ 269,013 $ 25,000