v3.26.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net loss $ 2,184,118 $ (2,512,751)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities (2,457,710) 1,511,650
Change in fair value of Backstop agreement 39,110 32,002
Gain from extinguishment of Backstop agreement (233,350)
Issuance of Backstop agreement 283,739
Income from cash held in Trust Account (373,820) (1,877,435)
Changes in operating assets and liabilities:    
Due to Continental (172,500)
Prepaid expenses 81,253 223,122
Accounts payable 385,330 108,013
Accrued expenses (628,566) 1,473,935
Net cash used in operating activities (1,176,135) (757,725)
Cash Flows from Investing Activities:    
Erroneous deposit by Continental 172,500
Cash deposited in Trust Account (600,000) (480,000)
Net cash used in investing activities (427,500) (480,000)
Cash Flows from Financing Activities:    
Proceeds received from promissory note - related party 1,323,236 1,177,000
Repayment of advances from related party (201,346)
Advances from related party 490,000
Net cash provided by financing activities 1,611,890 1,177,000
Net change in cash 8,255 (60,725)
Cash—beginning of the period 518 75,550
Cash—end of the period 8,773 14,825
Supplemental Disclosure of Noncash Financing Activities    
Vendor payment made by related party 250,000
Increase in redemption value of Class A ordinary shares subject to possible redemption in connection with Trust Account receivable $ 135,122