v3.26.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash $ 545,146 $ 736,280
Prepaid expenses 171,619 135,431
Total Current Assets 716,765 871,711
Long-term prepaid insurance 22,332 48,783
Investments held in Trust Account 206,030,469 204,234,694
Total Assets 206,769,566 205,155,188
Current Liabilities    
Accrued offering costs 54,583 75,000
Accrued expenses 143,760 29,774
Total Current Liabilities 198,343 104,774
Deferred Fee 8,000,000 8,000,000
Total Liabilities 8,198,343 8,104,774
Commitments and Contingencies (Note 6)
Shareholders’ Deficit    
Preference shares, $0.0001 par value per share; 5,000,000 shares authorized; none issued or outstanding
Share subscription receivable
Additional paid-in capital
Accumulated deficit (7,459,973) (7,185,007)
Total Shareholders’ Deficit (7,459,246) (7,184,280)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 206,769,566 205,155,188
Class A Ordinary Shares    
Current Liabilities    
Class A Ordinary Shares subject to possible redemption, 20,000,000 shares at redemption value of $10.30 and $10.21 per share as of March 31, 2026 and December 31, 2025, respectively 206,030,469 204,234,694
Shareholders’ Deficit    
Common stock value 60 60
Class B Ordinary Shares    
Shareholders’ Deficit    
Common stock value [1],[2] $ 667 $ 667
[1] Includes up to 875,000 Class B Ordinary Shares that were subject to forfeiture if the Over-Allotment Option (see Note 6) was not exercised in full or in part by the Underwriters. On June 20, 2025, simultaneously with the closing of the Initial Public Offering, the Underwriters partially exercised the Over-Allotment Option and forfeited the unexercised balance. As a result of the partial exercise and the forfeiture of the Over-Allotment Option by the Underwriters, 833,334 Founder Shares are no longer subject to forfeiture and 41,666 Founder Shares were forfeited, resulting in the Sponsor holding 6,666,667 Founder Shares (see Note 5).
[2] On May 29, 2025, the Company, through a share capitalization, issued to the Sponsor an additional 958,333 Founder Shares, resulting in the Sponsor holding 6,708,333 Founder Shares in the aggregate. All share and per-share data have been retroactively presented (see Note 5).