Related Party Transactions |
6 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 5 - Related Party Transactions
Founder Shares
On November 24, 2025 and March 13, 2026, an aggregate of founder shares were issued to sponsor for an aggregate purchase price of $, or approximately $ per share. The founder shares held by shareholders include an aggregate of up to shares subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part. As of April 30, 2026, the underwriters partially exercised their over-allotment option in the amount of Units. As a result of the partial exercise of over-allotment option, founder shares are no longer subject to forfeiture.
Promissory Note - Related Party
On October 2, 2025, the Company issued an unsecured promissory note to the sponsor, pursuant to which the Company may borrow up to an aggregate principal amount of $600,000, to be used for payment of costs related to the Offering. The promissory note is non-interest bearing, unsecured and due on the earlier of (i) December 31, 2026, (ii) the consummation of this offering or (iii) the abandonment of this offering. As of April 30, 2026 and October 31, 2025, the Company had $500 and $64,487 outstanding under the Note, which is now due on demand. Borrowings under the note are no longer available since Initial Public Offering.
Amounts due from Sponsor
Amounts due from sponsor represent the loan to the sponsor by the Company. As of April 30, 2026 and October 31, 2025, amounts due from sponsor amounted to $233,381 and , respectively.
Administrative Services Arrangement
Our sponsor has agreed that, commencing from the date that the Company’s securities are first listed on the Nasdaq Global Market through the earlier of the Company’s consummation of a Business Combination and its liquidation, to make available to the Company certain general and administrative services, including office space, administrative and support services, as the Company may require from time to time. The Company has agreed to pay the sponsor $10,000 per month for these services. The Company will use funds held outside the trust to pay actual or anticipated expenses in connection with our initial business combination. For the six months ended April 30, 2026 and the three months ended April 30, 2026, recognized administrative support services expense amounted to $10,000 and $10,000, respectively.
Working Capital Loans
In order to finance transaction costs in connection with a Business Combination, the sponsor or an affiliate of the sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into private placement units of the post Business Combination entity at a price of $ per unit at the option of the lender.
As of April 30, 2026 and October 31, 2025, no such Working Capital Loans were outstanding.
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