v3.26.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 266,001 $ 30,146
Other receivable 1,250 1,250
Due from Sponsor 27,340 27,340
Short-term prepaid insurance 27,801 53,596
Prepaid expenses 129,510 68,844
Total current assets 451,902 181,176
Cash and marketable securities held in Trust Account 247,617,197 245,449,353
TOTAL ASSETS 248,069,099 245,630,529
Current liabilities    
Accrued expenses 1,029,635 791,137
Working Capital Note 500,000
Total current liabilities 1,529,635 791,137
Deferred Fee payable 10,950,000 10,950,000
Total Liabilities 12,479,635 11,741,137
Commitments and Contingencies (Note 6)
Class A Ordinary Shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.77 and $10.67 per share as of March 31, 2026 and December 31, 2025, respectively 247,617,197 245,449,353
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of March 31, 2026 and December 31, 2025
Additional paid-in capital
Accumulated deficit (12,028,308) (11,560,536)
Total Shareholders’ Deficit (12,027,733) (11,559,961)
TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 248,069,099 245,630,529
Class A Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value $ 575 $ 575