Annual report [Section 13 and 15(d), not S-K Item 405]

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Cash Flows from Operating Activities:    
Net income $ 414,496 $ 5,758,466
Adjustments to reconcile net income to net cash used in operating activities:    
Formation and operation expenses paid by Sponsor 84,729
Interest earned on marketable securities held in Trust Account (856,457) (8,778,260)
Changes in operating assets and liabilities:    
Prepaid expenses (22,816) (119,217)
Prepaid insurance (420,182) 221,662
Accounts payable and accrued expenses 119,357 615,198
Net cash used in operating activities (680,873) (2,302,151)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account (170,000,000)
Cash withdrawn from Trust Account for working capital purposes 2,000,000
Net cash provided by (used in) investing activities (170,000,000) 2,000,000
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 167,450,000
Proceeds from sale of Private Placements Warrants 5,000,000
Repayment of Promissory Note - related party (196,319)
Payment of offering costs (279,901) (85,716)
Net cash (used in) provided by financing activities 171,973,780 (85,716)
Net Change in Cash 1,292,907 (387,867)
Cash - Beginning of period 1,292,907
Cash - End of period 1,292,907 905,040
Non-Cash Investing and Financing Activities:    
Offering costs included in accrued offering costs 85,716
Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares 25,000
Promissory note – related party 196,319
Deferred underwriting fee payable 5,950,000
Forfeiture of Founder Shares $ 7