v3.26.1
Condensed Statement of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2026
USD ($)
Cash Flows from Operating Activities:  
Net income $ 366,020
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (1,572,506)
Compensation expense 964,000
Changes in operating assets and liabilities:  
Prepaid expenses (243,003)
Long term prepaid insurance (180,583)
Accrued expenses (36,220)
Net cash used in operating activities (702,292)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (299,000,000)
Net cash used in investing activities (299,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Public Units, net of underwriting discounts paid 299,000,000
Proceeds from sale of Private Placement Units 1,500,000
Repayment of IPO Promissory Note - related party (99,025)
Payment of offering costs (461,508)
Net cash provided by financing activities 299,939,467
Net Change in Cash 237,175
Cash – Beginning of period
Cash – End of period 237,175
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs (355,389)
Deferred Fee payable $ 3,000,000