v3.26.1
Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
TOTAL CASH AND CASH EQUIVALENTS $ 1,060,921
Prepaid insurance 65,625
Prepaid expenses and other current assets 20,000
Total current assets 1,146,546
Deferred offering costs 25,000
Marketable securities held in Trust Account 177,124,457
Long-term prepaid insurance 21,734
TOTAL ASSETS 178,292,737 25,000
Deposits:    
Accrued expenses 102,889 4,791
Total current liabilities 109,536 5,112
Deferred underwriting fee payable 6,900,000
TOTAL LIABILITIES 7,009,536 5,112
Commitments and Contingencies (Note 7)
Class A ordinary shares subject to possible redemption, 17,250,000 and 0 shares at redemption value of $10.27 and $0 per share at December 31, 2025 and 2024, respectively 177,124,457
Stockholders’ Equity:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at December 31, 2025 and 2024
Additional paid-in capital 24,425
Accumulated deficit (5,841,831) (5,112)
TOTAL STOCKHOLDERS’ EQUITY (5,841,256) 19,888
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 178,292,737 25,000
Old Glory Holding Co [Member]    
Current assets:    
TOTAL CASH AND CASH EQUIVALENTS 72,399,000 174,605,000
Cash and due from banks 5,875,000 23,602,000
Federal funds sold 18,065,000 40,564,000
Excess balance account at the Federal Reserve 23,183,000 109,894,000
Interest bearing deposits with other banks 25,276,000 545,000
Investment securities available for sale (amortized cost $163,257 and $434 at December 31, 2025 and 2024, respectively) 162,706,000 423,000
Mortgage loans held for sale 600,000 739,000
Loans receivable 17,702,000 3,785,000
Less: allowance for credit losses (227,000) (43,000)
NET LOANS 17,475,000 3,742,000
Restricted stock 38,000 38,000
Premises and equipment 423,000 478,000
Core deposit intangible 98,000 112,000
Accrued interest 356,000 27,000
Deferred technology expenses 2,624,000 3,155,000
Other assets 702,000 82,000
TOTAL ASSETS 257,421,000 183,401,000
Deposits:    
Non interest bearing 92,241,000 60,392,000
Interest bearing 154,457,000 112,617,000
TOTAL DEPOSITS 246,698,000 173,009,000
Accrued Interest and other liabilities 949,000 126,000
TOTAL LIABILITIES 247,647,000 173,135,000
Commitments and Contingencies (Note 7)
Stockholders’ Equity:    
Surplus 57,547,000 42,657,000
Accumulated other comprehensive loss (551,000) (11,000)
Accumulated deficit (47,226,000) (32,384,000)
TOTAL STOCKHOLDERS’ EQUITY 9,774,000 10,266,000
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 257,421,000 183,401,000
Common Class A [Member]    
Stockholders’ Equity:    
Common Stock, value
Common Class A [Member] | Old Glory Holding Co [Member]    
Stockholders’ Equity:    
Common Stock, value 2,000 2,000
Common Class B [Member]    
Stockholders’ Equity:    
Common Stock, value [1] 575 575
Common Class B [Member] | Old Glory Holding Co [Member]    
Stockholders’ Equity:    
Common Stock, value 2,000 2,000
Related Party [Member]    
Deposits:    
Due to related party $ 6,647 $ 321
[1] At December 31, 2024, included 750,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the Underwriters (Note 6). On April 30, 2025, the Underwriters’ over-allotment option was exercised in full simultaneously with the Initial Public Offering, and the 750,000 Class B ordinary shares were no longer subject to forfeiture.