v3.26.1
Condensed Statement of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2026
USD ($)
Cash Flows from Operating Activities:  
Net income $ 546,079
Adjustments to reconcile net income to net cash used in operating activities:  
Payment of operation costs through promissory note 29,799
Interest earned on investments held in Trust Account (828,386)
Changes in operating assets and liabilities:  
Prepaid expenses (5,596)
Prepaid insurance (60,312)
Prepaid insurance – long term (53,132)
Accounts payable and accrued expenses 49,256
Net cash used in operating activities (322,292)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 225,400,000
Proceeds from sale of Private Placement Units 6,950,000
Repayment of promissory note - related party (302,954)
Payment of offering costs (400,356)
Net cash provided by financing activities 231,646,690
Net Change in Cash 1,324,398
Cash – Beginning of period
Cash – End of period 1,324,398
Noncash investing and financing activities:  
Deferred offering costs included in accrued offering costs 71,835
Deferred offering costs paid through promissory note - related party 70,865
Prepaid expenses paid through promissory note – related party 37,500
Deferred underwriting fee payable $ 8,050,000