v3.25.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 569,362 $ 891,017
Prepaid expenses 43,975 10,034
Prepaid insurance 78,750 78,750
Total current assets 692,087 979,801
Long-term prepaid insurance 52,500 91,875
Cash and marketable securities held in Trust Account 241,260,237 236,335,105
Total Assets 242,004,824 237,406,781
Current liabilities    
Accrued expenses 81,637 5,000
Accrued offering costs 75,000 75,000
Total Current Liabilities 156,637 80,000
Deferred legal fees 200,000 125,000
Deferred underwriting fee payable 9,800,000 9,800,000
Total Liabilities 10,156,637 10,005,000
Commitments and Contingencies (Note 6)
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024
Additional paid-in capital
Accumulated deficit (9,412,817) (8,934,091)
Total Shareholders’ Deficit (9,412,050) (8,933,324)
Total Liabilities, Class A Ordinary Shares Subject To Possible Redemption and Shareholders’ Deficit 242,004,824 237,406,781
Class A Ordinary Shares    
Current liabilities    
Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of $10.49 and $10.28 per share as of June 30, 2025 and December 31, 2024, respectively 241,260,237 236,335,105
Shareholders’ Deficit    
Ordinary shares value
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares value $ 767 $ 767