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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Q1) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Cash Flows from Operating Activities:        
Net (loss) income $ (51,749) $ 678,555 $ 1,910,392 $ 837,468
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Interest earned on investments held in Trust Account (841,181) (961,912) (2,366,001) (3,821,319)
Unrealized loss on investments held in Trust Account 34,096 27,399 (38,396) 3,298
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets (39,939) (36,550) (115,006) 72,467
Accrued expenses 600,921 54,761 210,811 2,043,433
Net cash used in operating activities (297,852) (237,747) (353,623) (864,653)
Cash Flows from Investing Activities:        
Cash withdrawn from Trust Account for working capital purposes 0 300,000 0 600,000
Net cash provided by (used in) investing activities 0 300,000 (86,250,000) 600,000
Net Change in Cash (297,852) 62,253 1,129,684 (264,653)
Cash – Beginning of period 865,031 1,129,684 0 1,129,684
Cash – End of period $ 567,179 $ 1,191,937 $ 1,129,684 $ 865,031