v3.25.4
Condensed Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash $ 52,755 $ 122,013
Other receivables 2,898 2,898
Prepaid income tax 456,844 456,844
Total Current Assets 512,497 581,755
Cash held in the trust 285,779 20,262,514
Total assets 798,276 20,844,269
Current liabilities    
Accrued expenses 2,305,543 2,211,901
Other Payables 350,000 320,000
Franchise Tax Payable 88,600 98,600
Excise tax 1,101,977 901,240
Working capital loan 180,000 180,000
Extension loan 1,750,211 1,750,211
Redemption payable 20,013,899
Total Current liabilities 6,897,664 26,578,706
Deferred Underwriting Commission 3,622,500 3,622,500
Total liabilities 10,520,164 30,201,206
Commitments and Contingencies (Note 6)
Shareholders’ Deficit    
Preferred share, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital
Accumulated deficit (9,779,374) (9,407,260)
Total stockholders’ deficit (9,779,066) (9,406,952)
Total liabilities and stockholders’ deficit 798,276 20,844,269
Class A Common Stock    
Current liabilities    
Class A common stock subject to possible redemption; 4,395 shares issued and outstanding at redemption value of $13.01 per share and $11.38 per share at March 31, 2025 and December 31, 2024, respectively 57,178 50,015
Shareholders’ Deficit    
Common stock, value 308 308
Class B Common Stock    
Shareholders’ Deficit    
Common stock, value
Related Party [Member]    
Current liabilities    
Due to related party 1,054,135 1,035,657
Advances from related parties $ 67,198 $ 67,198