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Subsequent Events
3 Months Ended
Mar. 31, 2025
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.

 

On April 24, 2025, an aggregate of $120,000 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 one month from April 27, 2025 to May 27, 2025. The payment of the Monthly Extension Fee was made by Squirrel HK, pursuant to the Business Combination Agreement. The Company issued the Target Extension Note in the aggregate principal amount of $120,000 dated April 28, 2025 to Squirrel HK in connection with the payment of the Extension Fee.