v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net (loss) income $ (8,220,719) $ 1,990,814
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Gain on cash (investments) held in Trust Account (881,822) (2,514,122)
Change in fair value of derivative warrant liabilities 8,694,064 (606,562)
Changes in operating assets and liabilities:    
Prepaid expenses (41,573) (7,487)
Deferred legal fees 99,251 397,845
Accounts payable 55,558 (31,838)
Due to related party (165,000) 50,000
Due from related party 42,074
Accrued expenses (150) 63,554
Net cash used in operating activities (418,317) (657,796)
Cash Flows from Investing Activities    
Trust Account withdrawal - redemption 57,089,949 30,440,234
Extension contribution deposit into Trust Account (708,677) (1,140,000)
Net cash provided investing activities 56,381,272 29,300,234
Cash Flows from Financing Activities    
Redemption of Class A ordinary shares (57,089,949) (30,440,234)
Proceeds from Promissory note – working capital loan 417,201 658,420
Proceeds from Promissory note – extension loan 708,676 1,140,000
Net cash used in financing activities (55,964,072) (28,641,814)
Net (decrease) increase in cash (1,117) 624
Cash - beginning of period 1,173 1,253
Cash - end of period 56 1,877
Supplemental disclosure of noncash investing and financing activities:    
Remeasurement of Class A ordinary shares to redemption value 957,520 3,654,131
Extension contribution due from Sponsor $ 151,395 $ 90,000