SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of class A ordinary shares reflected in the balance sheet

		Number of Shares				Amount
Gross proceeds			23,000,000			$	230,000,000
Less:
Transaction costs allocated to Class A ordinary shares							(12,628,021	)
Proceeds allocated to Forward Purchase Agreement							(195,732	)
Proceeds allocated to Public Warrants							(13,006,500	)
							(25,830,253	)
Plus:
Remeasurement of carrying value to redemption value							30,446,662
Class A ordinary shares subject to possible redemption – March 31, 2022			23,000,000			$	234,616,409
Plus:
Current period remeasurement of carrying value to redemption value			-				5,825,601
Class A ordinary shares subject to possible redemption – March 31, 2023			23,000,000			$	240,442,010
Less:
Redemption of Class A ordinary shares			(21,788,269	)			(230,809,584	)
Plus:
Extension contributions deposited into Trust Account							450,000
Current period remeasurement of carrying value to redemption value							3,400,608
Class A ordinary shares subject to possible redemption – March 31, 2024			1,211,731			$	13,483,034
Less:
Redemption of Class A ordinary shares			(1,006,745	)			(11,642,099	)
Plus:
Current period remeasurement of carrying value to redemption value			-				541,411
Class A ordinary shares subject to possible redemption – March 31, 2025			204,986			$	2,382,346
Less:
Redemption of Class A ordinary shares			(536	)			(6,442	)
Plus:
Current period remeasurement of carrying value to redemption value							81,076
Class A ordinary shares subject to possible redemption – March 31, 2026			204,450			$	2,456,980

Schedule of basic and diluted net income per common share

		Year Ended March 31, 2026
		Class A subject to possible redemption				Class A Perm				Class B
Allocation of net loss			(58,400	)			(1,638,390	)			-
Basic and diluted weighted average shares outstanding			204,957				5,749,999				1
Basic and diluted net loss per share		$	(0.28	)		$	(0.28	)			-

		Year Ended March 31, 2025
		Class A subject to possible redemption				Class A Perm				Class B
Allocation of net income			268,133				1,368,966				-
Basic and diluted weighted average shares outstanding			1,126,227				5,749,999				1
Basic and diluted net income per share		$	0.24			$	0.24				-

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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