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Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events  
Subsequent Events

Note 10 — Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date when the financial statements were issued. Based on this review, management identified the following subsequent events that are required disclosures in the financial statements.

 

From January to March 2025, an aggregate of $360,000 of the Extension Fee was deposited into the Trust Account for the public shareholders, which enables the Company to extend the period of time it has to consummate its initial Business Combination by 3 month from January 2025 to April 2025. The payment of the Extension Fee was made by Squirrel HK pursuant to the Business Combination Agreement. The Company issued Target Extension Notes in the aggregate principal amount of $240,000 to Squirrel HK in connection with the payment of the Extension Fee made from January to February 2025. As of the date hereof, the Company and Squirrel HK are in the process of executing the Target Extension Note in connection with the Extension Fee made by Squirrel HK for March 2025 extension with such terms and conditions substantially the same as previously issued Target Extension Notes.