Subsequent Events |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 11 — SUBSEQUENT EVENTS
The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to March 31, 2026, the date that the financial statements were available to be issued. Based upon this review, except as stated below, the Company did not identify any other subsequent events that would have required adjustment to or disclosure in the financial statements.
Promissory Notes
On January 1, 2026, the Company issued unsecured working capital promissory notes to each of the current sponsors, pursuant to which the Company may borrow up to an aggregate principal amount of $545,000 and $455,000, respectively (the “2026 January Working Capital Promissory Notes,” and each a “2026 January Working Capital Promissory Note”). Both 2026 January Working Capital Promissory Notes are non-interest bearing and payable on the earlier of (i) fifteen (15) months from the closing of the Company’s IPO (or such later date as may be extended in accordance with the terms of the Company’s amended and restated memorandum and articles of association), or (ii) the date on which the Company consummates an initial Business Combination. The principal balance of the 2026 January Working Capital Promissory Notes may be prepaid at any time by the Company at its election and without penalty.
On January 16, 2026, in order to deposit the monthly extension payment to extend the period of time that the Company has to complete its initial business combination by an additional month for the period from January 16, 2026 to February 16, 2026 the Company issued unsecured promissory notes to each of CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP (the “2026 January Extension Promissory Notes”), pursuant to which the Company was provided $13,349 and $11,145, respectively. These 2026 January Extension Promissory Notes were non-interest bearing and payable on the earlier of (i) fifteen (15) months from the closing of the Company’s initial public offering (or such later date as may be extended in accordance with the terms of the Company’s amended and restated memorandum and article of association), or (ii) the date on which the Company consummates an initial business combination.
On February 16, 2026, in order to deposit the monthly extension payment to extend the period of time that the Company has to complete its initial business combination by an additional month for the period from February 16, 2026 to March 16, 2026 the Company issued unsecured promissory notes to each of CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP (the “2026 February Extension Promissory Notes”), pursuant to which the Company was provided $13,349 and $11,145, respectively. These 2026 February Extension Promissory Notes were non-interest bearing and payable on the earlier of (i) fifteen (15) months from the closing of the Company’s initial public offering (or such later date as may be extended in accordance with the terms of the Company’s amended and restated memorandum and article of association), or (ii) the date on which the Company consummates an initial business combination.
On March 16, 2026, in order to deposit the monthly extension payment to extend the period of time that the Company has to complete its initial business combination by an additional month for the period from March 16, 2026 to April 16, 2026 the Company issued unsecured promissory notes to each of CPC Sponsor Opportunities I, LP and CPC Sponsor Opportunities I (Parallel), LP (the “2026 March Extension Promissory Notes”), pursuant to which the Company was provided $13,349 and $11,145, respectively. These 2026 March Extension Promissory Notes were non-interest bearing and payable on the earlier of (i) fifteen (15) months from the closing of the Company’s initial public offering (or such later date as may be extended in accordance with the terms of the Company’s amended and restated memorandum and article of association), or (ii) the date on which the Company consummates an initial business combination.
Extensions to Complete the Initial Business Combination
On February 10, 2026, the Company notified Continental Stock Transfer & Trust Company of its intention to extend the period of time that the Company has to complete its initial business combination (the “Termination Date”) by an additional month for the period from February 17, 2026 to March 16, 2026, subject to the Company’s sponsor or its affiliates or designees depositing $24,494.35 (the “February Extension Deposit”) into the trust account.
On February 13, 2026, the Company’s sponsor or its affiliates or designees deposited the February Extension Deposit into the trust account and as a result the Termination Date was extended by one month until March 16, 2026.
On March 10, 2026, the Company notified Continental Stock Transfer & Trust Company of its intention to extend the period of time that the Company has to complete its initial business combination (the “Extended Termination Date”) by an additional month for the period from March 17, 2026 to April 16, 2026, subject to the Company’s sponsor or its affiliates or designees depositing $24,494.35 (the “March Extension Deposit”) into the trust account.
On March 13, 2026, the Company’s sponsor or its affiliates or designees deposited the March Extension Deposit into the trust account and as a result the Extended Termination Date was extended by one month until April 16, 2026. |