v3.25.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 884,323 $ 578
Prepaid expenses 121,324
Total current assets 1,005,647 578
Long Term prepaid insurance 56,250
Investments held in Trust Account 280,247,491
Deferred offering costs 342,805
TOTAL ASSETS 281,309,388 343,383
Current liabilities    
Accrued expenses 35,891 5,000
Accrued offering costs 80,000 218,300
Total current liabilities 115,891 223,300
Advisory fee payable 8,280,000
Deferred underwriting fee payable 8,280,000
TOTAL LIABILITIES 16,675,891 383,300
COMMITMENTS AND CONTINGENCIES (Note 6)
Class A ordinary shares subject to possible redemption, 27,600,000 and 0 shares at a redemption value of $10.15 per share as of June 30, 2025 280,247,491
SHAREHOLDERS’ DEFICIT    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 24,310
Accumulated deficit (15,614,718) (64,917)
TOTAL SHAREHOLDERS’ DEFICIT (15,613,994) (39,917)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 281,309,388 343,383
Class A Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Common stock, value 34
Class B Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Common stock, value [1],[2] 690 690
Related Party    
Current liabilities    
Promissory note - related party $ 160,000
[1] As of December 31, 2024, included up to 900,000 of the founder shares that might have been surrendered by the Sponsor for no consideration depending on the extent to which the underwriter’s over-allotment were to be exercised (Note 5). On April 2, 2025, the Company consummated the Initial Public Offering of 27,600,000 units at $10.00 per unit, which includes the full exercise of the underwriter’s over-allotment option, hence the 900,000 founder shares are no longer subject to forfeiture.
[2] On October 7, 2024, the Company, through a share recapitalization, issued the Sponsor an additional 1,437,500 Class B ordinary shares, as a result of which the Sponsor held an aggregate of 7,187,500 Class B ordinary shares. On February 10, 2025, the Company, through a share recapitalization, surrendered 1,437,500 Class B ordinary shares, as a result of which the Sponsor held an aggregate of 5,750,000 Class B ordinary shares. On March 31, 2025, the Company, through a share recapitalization, issued the Sponsor an additional 1,150,000 Class B ordinary shares, as a result of which the Sponsor holds an aggregate of 6,900,000 Class B ordinary shares. All share and per-share data have been retrospectively presented.