v3.26.1
Condensed Statement of Cash Flows
6 Months Ended
Dec. 31, 2025
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (7,197,255)
Adjustments to reconcile net loss to net cash used in operating activities:  
Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares 8,488
Payment of operating costs through promissory note – related party 22,830
Interest earned on marketable securities held in Trust Account (3,366,162)
Changes in operating assets and liabilities:  
Prepaid expenses (212,059)
Long Term prepaid insurance (146,136)
Accounts payable and accrued expenses 16,168
Advisory fee payable 10,350,000
Net cash used in operating activities (524,126)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Shares, net of underwriting discounts paid 344,750,000
Proceeds from sale of Private Shares 1,750,000
Proceeds from promissory note – related party 100,000
Repayment of promissory note – related party (122,830)
Due from Sponsor (8,304)
Payment of offering costs (428,809)
Net cash provided by financing activities 346,040,057
Net Change in Cash 515,931
Cash – Beginning of period 0
Cash – End of period 515,931
Noncash investing and financing activities:  
Offering costs included in accrued offering costs 85,000
Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 16,512
Deferred underwriting fee payable $ 10,350,000