v3.25.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash $ 33,784 $ 699,511
Prepaid expenses 203,407 256,058
Total current assets 237,191 955,569
Long-term prepaid insurance 35,701 101,951
Marketable securities held in Trust Account 238,271,514 233,369,247
TOTAL ASSETS 238,544,406 234,426,767
Current Liabilities    
Accrued offering costs 82,462 82,462
Accrued expenses 1,979,207 81,878
Total current liabilities 2,586,669 164,340
Deferred underwriting fee 9,800,000 9,800,000
Total liabilities 12,386,669 9,964,340
Commitments and Contingencies
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued or outstanding at June 30, 2025 and December 31, 2024
Additional paid-in capital
Accumulated deficit (12,114,640) (8,907,683)
Total shareholders’ deficit (12,113,777) (8,906,820)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 238,544,406 234,426,767
Class A Ordinary Shares    
Current Liabilities    
Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.36 per share at June 30, 2025 and $10.15 per share at December 31, 2024 238,271,514 233,369,247
Shareholders’ Deficit    
Ordinary shares, value 72 72
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value 791 791
Related Party    
Current Liabilities    
Promissory note - related party $ 525,000