SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2026

SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A ordinary shares subject to redemption


		Number of
		Class A
		ordinary		Amount
		shares		$
Class A ordinary shares subject to possible redemption, December 31, 2024		20,000,000		201,317,267
Less:
Proceeds allocated to Public Warrants		—		(286,500)
Class A ordinary shares issuance at cost		—		(594,163)
Plus:
Gross proceeds from exercise of Over-allotment Units		3,000,000		30,000,000
Remeasurement of carrying value to redemption value		—		10,751,951
Class A ordinary shares subject to possible redemption, December 31, 2025		23,000,000		241,188,555
Plus:
Remeasurement of carrying value to redemption value		—		1,650,332
Class A ordinary shares subject to possible redemption, March 31, 2026		23,000,000		242,838,887

Schedule of calculation of basic and diluted net income per ordinary share

The following table reflects the calculation of basic and diluted net (loss) income per ordinary share (in dollars, except per share amounts):


		For the Three Months Ended						For the Three Months Ended
		March 31,						March 31,
		2026						2025
		Class A			Class B non-			Class A			Class B non-
		redeemable			redeemable			redeemable			redeemable
Numerator:
Allocation of net (loss) income		$	(176,300)		$	(58,767)		$	1,643,769		$	570,236
Denominator:
Basic and diluted weighted average shares outstanding			23,000,000			7,666,667			22,100,000			7,666,667
Basic and diluted net (loss) income per ordinary share		$	(0.01)		$	(0.01)		$	0.07		$	0.07

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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