XML 60 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 172,315 $ 4,626,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized gains on marketable securities held in Trust Account 0 (2,538,270)
Accrued dividends on marketable securities held in Trust Account 170,488 (230,530)
Sponsor waiver of administrative services fees 120,000 240,000
Changes in current assets and current liabilities:    
Prepaid expenses 9,178 478,996
Accounts payable 197,831 124,164
Accrued expenses 496,785 163,864
Accrued offering costs 0 (279,678)
Accrued interest – related party 101,342 28,288
Due from related party 0 (3,387)
Net cash provided by operating activities 1,267,939 2,610,229
Cash Flows from Investing Activities:    
Purchase of treasury and other marketable securities (2,842,995) (396,313,420)
Proceeds from redemption of treasury securities 38,596,223 541,873,187
Net cash provided by investing activities 35,753,228 145,559,767
Cash Flows from Financing Activities:    
Proceeds from promissory note – related party 1,520,000 1,230,000
Payment of redemptions to Class A ordinary shareholders (38,596,223) (149,486,187)
Net cash used in financing activities (37,076,223) (148,256,187)
Net Change in Cash (55,056) (86,191)
Cash – Beginning 138,283 224,474
Cash-Ending 83,227 138,283
Supplemental Disclosure of Non-cash Financing Activities:    
Remeasurement of Class A ordinary shares subject to possible redemption 2,672,507 6,695,220
Reserve for credit losses 505,000 0
Sponsor capital contribution for waiver of administrative services fees $ 120,000 $ 240,000