v3.25.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 25,000
Prepaid expenses 230,284
Total Current Assets 255,284
Cash and cash equivalents held in Trust Account 203,315,677
Deferred offering costs 217,609
Other assets 96,873
Total Assets 203,667,834 217,609
Liabilities and Shareholders’ Deficit:    
Accrued expenses 86,820 165,031
Total Liabilities 330,661 299,271
Commitments and Contingencies
Shareholders’ Deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of both June 30, 2025 and December 31, 2024
Additional paid-in capital 24,500
Accumulated deficit (2,979,054) (106,662)
Total Shareholders’ Deficit (2,978,504) (81,662)
Total Liabilities, Commitments and Contingencies and Shareholders’ Deficit 203,667,834 217,609
Class A Ordinary Shares    
Liabilities and Shareholders’ Deficit:    
Class A ordinary shares subject to possible redemption, 20,000,000 and 0 shares issued and outstanding at redemption value of $10.32 and $0 per share as of June 30, 2025 and December 31, 2024, respectively 206,315,677
Shareholders’ Deficit:    
Ordinary shares, Value 50
Class B Ordinary Shares    
Shareholders’ Deficit:    
Ordinary shares, Value 500 500
Related Party    
Liabilities and Shareholders’ Deficit:    
Notes payable – related party $ 243,841 $ 134,240