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Initial Public Offering | 3 Months Ended
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Mar. 31, 2025
Initial Public Offering |
Initial Public Offering | Note 3 - Initial Public Offering On January 18, 2023 the Company sold 14,375,000 Units at a price of $10.00 per Unit. Each Unit consists of one share of Class A ordinary share and one warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one share of Class A ordinary shares at a price of $11.50 per share (see Note 6). An aggregate of $10.20 per Unit sold in the Initial Public Offering was deposited in the Trust Account and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company. As of March 31, 2025, $9,388,700 was held in the Trust Account. In addition, $27,193 of operating cash is not held in the Trust Account and is available for working capital purposes.

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