SHAREHOLDERS’ EQUITY (DEFICIT) |
6 Months Ended |
|---|---|
Feb. 28, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| SHAREHOLDERS’ EQUITY (DEFICIT) | Note 7 — SHAREHOLDERS’ EQUITY (DEFICIT)
Ordinary shares
The Company is authorized to issue 500,000,000 shares of ordinary share with $0.0001 par value. As of February 28, 2026, there were 4,388,303 shares of ordinary share issued or outstanding, excluding 10,000,000 ordinary shares subject to possible redemption. As of August 31, 2025, there were 3,833,333 ordinary shares issued and outstanding. At each of these dates, the issued and outstanding shares included up to 500,000 ordinary shares that are contingently returnable (subject to forfeiture) should the underwriters' over-allotment option not be exercised in full or in part.
Pursuant to the Founder Share Subscription Agreement dated August 21, 2025, the Sponsor agreed to purchase 1,725,000 founder shares (the “Founder Shares”) for an aggregate price of $25,000, with a par value $0.0001. Subsequently, in January 2026, the Company entered an amended and restated the securities subscription agreement with the Sponsor, pursuant to which the Sponsor received an additional 2,108,333 founder shares for no additional consideration, increasing the total issued and outstanding ordinary shares to 3,833,333. Shares are presented on a retroactive basis. Rights
As of February 28, 2026, there were 10,000,000 public rights and 154,970 private rights include in the Placement Units outstanding.
Except in cases where the Company is not the surviving company in a business combination, each holder of a right will receive one-seventh (1/7th) of an ordinary share upon consummation of the initial business combination. In the event the Company will not be the surviving company upon completion of its initial business combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-seventh (1/7th) of a share underlying each right upon consummation of the business combination unless otherwise waived in the course of the business combination. No fractional shares will be issued upon exchange of rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a business combination. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman Islands law. |