v3.26.1
Condensed Statement of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2026
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,490,202
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (1,990,838)
Changes in operating assets and liabilities:  
Prepaid expenses (143,487)
Accrued expenses 26,403
Long-term prepaid insurance (56,250)
Net cash used in operating activities (673,970)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (253,000,000)
Net cash used in investing activities (253,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B ordinary shares to Clear Street 1,000
Proceeds from sale of Units, net of underwriting discounts paid 248,600,000
Proceeds from sale of Private Placement Units 8,250,000
Repayment of promissory note – related party (194,453)
Payment of offering costs (373,300)
Net cash provided by financing activities 256,283,247
Net Change in Cash 2,609,277
Cash – Beginning of period
Cash – End of period 2,609,277
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs 81,360
Deferred offering costs paid directly by Sponsor in exchange for the issuance of Class B ordinary shares 10,000
Deferred underwriting fee payable $ 10,780,000