v3.26.1
S-K 1603(c) Fiduciary Duties to Other Companies
Mar. 31, 2026
Fiduciary Duties To Other Companies Spac Officers And Directors Line Items  
SPAC Officers and Directors, Fiduciary Duties to Other Companies, Description [Text Block]

 

Conflicts of Interest

 

Under Cayman Islands law, directors owe the following fiduciary duties:

 

  ● duty to act in good faith in what the director believes to be in the best interests of the company as a whole;
     
  ● duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose;
     
  ● directors should not improperly fetter the exercise of future discretion;
     
  ● duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests; and
     
  ● duty to exercise independent judgment.