v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:        
Net income     $ 1,466,831 $ 1,758,744
Adjustments to reconcile net income to net cash used in operating activities:        
Income from cash held in Trust Account $ (628) $ (784) (1,852) (135,578)
Changes in fair value of Capital Contribution Note (489,365) (961,571) (1,463,443) (2,584,894)
Changes in fair value of warrant liability 589,515 (589,516) 132,641 (147,314)
Changes in operating assets and liabilities:        
Prepaid expenses     (11,493) (7,863)
Excise tax payable     (405,635) 48,185
Due to related party     180,213 180,138
Accrued income and other taxes     (3,125)  
Prepaid income and other taxes     5,600 (5,107)
Accounts payable and accrued expenses     (13,952) 150,550
Net cash used in operating activities     (114,215) (743,139)
Cash flows from investing activities:        
Cash withdrawn from Trust Account in connection with redemptions       23,765,518
Amounts withdrawn from Trust Account to pay taxes       62,507
Net cash provided by investing activities       23,828,025
Cash flows from financing activities:        
Proceeds from Interim Financing       225,000
Redemption of Common Stock       (23,765,518)
Net cash used in financing activities       (23,540,518)
Net change in cash     (114,215) (455,632)
Cash, beginning of the period     196,869 537,970
Cash, end of the period 82,654 $ 82,338 82,654 82,338
Non-cash operating and financing transactions:        
Change in redemption value of shares subject to possible redemption     3,748 78,179
Excise tax attributable to redemption of common stock       $ 237,655
Reversal of excise tax attributable to redemption of common stock $ 2,925,376   $ 2,925,376