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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes  
Schedule of net deferred tax assets

The Company’s net deferred tax assets at December 31, 2024 and 2023 is as follows:

​

​

​

​

​

​

​

​

​

​

December 31,

​

    

2024

    

2023

Deferred tax assets:

​

​

​

​

​

​

Capitalized start-up costs

​

$

1,276,291

​

$

877,440

Net operating loss carryforward

 

​

56,503

​

​

39,845

Total deferred tax assets

 

​

1,332,794

 

​

917,285

Valuation allowance

 

​

(1,332,345)

 

​

(861,760)

Net deferred tax assets

​

​

449

 

​

55,525

​

​

​

​

​

​

​

Deferred tax liabilities:

​

​

​

​

​

​

Accrued dividends on marketable securities held in Trust Account

​

​

(449)

​

​

(55,525)

Total deferred tax liabilities

​

​

(449)

​

​

(55,525)

Net deferred tax assets (liabilities)

​

$

—

​

$

—

Schedule of income tax provision

The income tax provision for the years ended December 31, 2024 and 2023 consists of the following:

​

​

​

​

​

​

​

​

​

​

December 31,

​

    

2024

    

2023

Current expense (benefit)

​

  

​

​

  

​

Federal

​

$

152,466

​

$

1,319,280

State

​

 

—

​

 

—

Deferred expense (benefit)

​

 

​

​

 

​

Federal

​

 

(340,644)

​

 

(457,790)

State

​

 

(129,941)

​

 

(192,083)

Change in Valuation Allowance

​

 

470,585

​

 

649,873

Income tax provision

​

$

152,466

​

$

1,319,280

Schedule of reconciliation of the federal income tax rate to the effective tax rate

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2024 and 2023 is as follows:

​

​

​

​

​

​

​

    

December 31,

 

​

​

2024

    

2023

​

Statutory federal income tax rate

​

21.00

%  

21.00

%  

State taxes, net of federal tax benefit

 

2.62

%  

(4.74)

%  

Change in fair value of warrant liabilities

 

(17.20)

%  

0.28

%  

Change in valuation allowance

 

(9.50)

%  

16.05

%  

Income tax provision

 

(3.08)

%  

32.59

​