v3.26.1
Statements of Cash Flows - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:      
Net loss $ (5,112) $ 4,244,525  
Adjustments to reconcile net loss to net cash used in operating activities:      
Earnings on marketable securities held in Trust Account (4,624,457)  
Operating expenses paid via promissory note - related party 112,848  
Operating costs paid by Sponsor from proceeds 267,836  
Changes in operating assets and liabilities:      
Prepaid insurance 4,791 (87,359)  
Prepaid expenses and other current assets 321 (20,000)  
Accrued expenses 98,098  
Due to related party 6,326  
Net cash used in operating activities (2,183)  
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 167,662,281  
Proceeds from Private Placement Warrants, less issuance costs 5,432,215  
Proceeds from Public Warrants, less issuance costs 468,608  
Net cash provided by financing activities   173,563,104  
Net increase (decrease) in cash and cash equivalents 1,060,921  
Cash and cash equivalents at beginning of period  
Cash and cash equivalents at end of period 1,060,921
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Deferred offering cost paid by Sponsor in exchange for issuance of Class B ordinary shares (25,000)  
Deferred underwriting fee payable charged to Class A ordinary share issuance costs 6,900,000  
Underwriting fees paid via the issuance of Private Placement Warrants 1,725,000  
Repayment of promissory note - related party via funds held by Sponsor 112,848  
Proceeds from sale of AMB paid through reduction in deposit balances  
Old Glory Holding Co [Member]      
Cash flows from operating activities:      
Net loss   (14,842,000) (14,486,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation   97,000 91,000
Provision for credit losses   371,000 18,000
Amortization of core deposit intangible   14,000 14,000
Amortization of deferred technology expenses   498,000 334,000
Gain on sale of mortgage loans   (508,000) (961,000)
Gain on sale of investment securities   (132,000)
Proceeds from loan sales   24,802,000 37,390,000
Loans originated for sale   (24,155,000) (35,478,000)
Net accretion of securities available for sale   14,000 (21,000)
Stock compensation expense   1,099,000 687,000
Changes in operating assets and liabilities:      
Net increase in accrued interest   (329,000) (6,000)
Net (increase) decrease in other assets   (620,000) 412,000
Net increase (decrease) in accrued interest and other liabilities   823,000 (59,000)
Net cash used in operating activities   (12,868,000) (12,065,000)
Cash flows from investing activities:      
Net increase in loans   (13,917,000) (1,103,000)
Proceeds from sale of AMB loans   509,000
Maturities / paydowns of investment securities available for sale   5,582,000 450,000
Purchases of investment securities available for sale   (177,006,000) (162,000)
Proceeds from sales of securities available for sale   8,532,000
Reduction (increase) in deferred technology expenses   33,000 (1,589,000)
Purchases of premises and equipment   (42,000) (66,000)
Net cash used in investing activities   (176,818,000) (1,961,000)
Cash flows from financing activities:      
Net change in non interest bearing deposits   31,849,000 22,206,000
Net change in interest bearing deposits   41,840,000 64,524,000
Capital contributions   13,780,000 13,531,000
Proceeds from exercise of stock options and warrants   10,000 386,000
Net repayments of warehouse line of credit   (1,820,000)
Net cash provided by financing activities   87,479,000 98,827,000
Net increase (decrease) in cash and cash equivalents   (102,207,000) 84,801,000
Cash and cash equivalents at beginning of period   174,605,000 89,804,000
Cash and cash equivalents at end of period $ 174,605,000 72,399,000 174,605,000
Schedule of Certain Cash Flow Information      
Interest paid   1,862,000 1,007,000
Income taxes paid  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Proceeds from sale of AMB paid through reduction in deposit balances   $ 688,000