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text-align: justify"><b>Note 1 — <span id="xdx_825_zGVUcgWPtWne">Organization and Business Operations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Illumination Acquisition Corp I (the “Company”) is a blank check company incorporated in the Cayman Islands on November 18, 2025. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of May 31, 2026, the Company had not commenced any operations. All activity for the period from November 18, 2025 (inception) through May 31, 2026 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below, and subsequent to the Initial Public Offering, seeking to identify a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected November 30 as its fiscal year end.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s sponsor is Illumination Acquisition 1 Sponsor LLC (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on February 26, 2026. On March 2, 2026, the Company consummated the Initial Public Offering of <span id="xdx_90E_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zg0rdRhPIkP1" title="Number of units">23,000,000</span> units (the “Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”) which includes the full exercise by the underwriters of their over-allotment option in the amount of <span id="xdx_90E_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zT9iNO0UK1I8" title="Number of units">3,000,000</span> Units, at $<span id="xdx_900_eus-gaap--SaleOfStockPricePerShare_iI_c20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zwSwdJHRs258" title="Number of units issued price per share">10.00</span> per Unit, generating gross proceeds of $<span id="xdx_907_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_z0GdrdBWb4Cb" title="Gross proceeds">230,000,000</span>. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zL1JW6CM5Sie" title="Number of units issued">625,000</span> private placement units (each, a “Private Placement Unit”), at a price of $<span id="xdx_90C_eus-gaap--SaleOfStockPricePerShare_iI_c20260302__us-gaap--SubsidiarySaleOfStockAxis__custom--BTIGLLCMember_zKJEzELbzao3" title="Number of units issued price per share">10.00</span> per Private Placement Unit in a private placement to the Sponsor and to BTIG, LLC, the representative of the underwriters in the Initial Public Offering, at $<span id="xdx_909_eus-gaap--SaleOfStockPricePerShare_iI_c20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zuCYSKNPHSVb" title="Number of units issued price per share">10.00</span> per Unit, generating gross proceeds of $<span id="xdx_902_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zHQ0v42BBunf" title="Gross proceeds">6,250,000</span>. Of those <span id="xdx_90E_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_z9ZAPZGZXvQ5" title="Number of units issued">625,000</span> Private Placement Units, the Sponsor purchased <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20260302__20260302__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SponsorMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zPM4V4VjWVVb" title="Number of units purchased">395,000</span> Private Placement Units and BTIG, LLC purchased <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20260302__20260302__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BTIGLLCMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zvEQ6SyojDwe" title="Number of units purchased">230,000</span> Private Placement Units. Each Unit consists of one Class A ordinary share (the “Public Shares”) and one-third of one redeemable warrant (the “Public Warrants”). Each Private Placement Unit consists of one Class A ordinary share (“Private Placement Share”) and one-third of one warrant (“Private Placement Warrant”). Each whole Public Warrant and Private Placement Warrant (together the “Warrants”) entitles the holder to purchase <span id="xdx_908_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_uShares_c20260302__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicAndPrivatePlacementWarrantMember_zcwEHFumoBj3" style="display: none" title="Number of shares issued per unit">1</span> one Class A ordinary share at a price of $<span id="xdx_900_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20260302__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicAndPrivatePlacementWarrantMember_zCWM9yEQwOP" title="Class of warrant or right, exercise price of warrants or rights">11.50</span> per share, subject to adjustment. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transaction costs from the Initial Public Offering amounted to $<span id="xdx_90B_ecustom--TransactionCosts_iI_c20260531_zcQhyAwSneqa" title="Transaction costs">13,260,344</span>, consisting of a $<span id="xdx_904_ecustom--CashUnderwritingFee_iI_c20260531_znJzvhnAKAp4" title="Cash underwriting fee">4,600,000</span> of cash underwriting fees, a $<span id="xdx_90E_ecustom--DeferredUnderwritingFee_iI_c20260531_z2nHouu6bbJ2" title="Deferred underwriting fee">8,050,000</span> deferred underwriting fees and $<span id="xdx_90E_ecustom--OtherOfferingCosts_iI_c20260531_zE3tFsAGupz7" title="Other offering costs">610,344</span> of other offering costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least <span id="xdx_90B_ecustom--MinimumPercentageOfTrustAccountRequiredForBusinessCombinationPercentage_dp_c20251201__20260531_z7Lv9qJWOZ64" title="Minimum percentage of trust account required for business combination">80</span>% of the balance in the Trust Account (as defined below) (excluding deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires <span id="xdx_900_ecustom--PercentageOfOutstandingVotingSecurities_iI_dp_c20260531_zmSXxDYiWY0b" title="Percentage of outstanding voting securities">50</span>% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully effect a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon the closing of the Initial Public Offering on March 2, 2026, an amount of $<span id="xdx_904_eus-gaap--ProceedsFromIssuanceOrSaleOfEquity_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zJE1rF3u7jy9" title="Net proceeds of the sale of the Units">230,000,000</span> ($<span id="xdx_906_eus-gaap--SharesIssuedPricePerShare_iI_c20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zdJjZrJP5el4" title="Price per share">10.00</span> per Unit) from the net proceeds of the sale of the Units, and a portion of the net proceeds from the sale of the Private Placement Units was held in a trust account (the “Trust Account”) and has initially been invested only in U.S. government treasury obligations with a maturity of <span id="xdx_902_ecustom--USgovernmentTreasuryMaturity_dtD_c20260302__20260302_zxsnbwuyL7Va" title="U.S. government treasury maturity">185</span> days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations. The holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended Business Combination. To mitigate the risk that the Company might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that the Company holds investments in the Trust Account, the Company may, at any time (based on the management team’s ongoing assessment of all factors related to the Company’s potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing demand deposit account at a bank. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering and the sale of the Private Placement Units will not be released from the Trust Account until the earliest of (i) the completion of the Company’s initial Business Combination, (ii) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within <span id="xdx_90D_ecustom--InitialBusinessCombinationClosing_dtM_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zGptQDHV256a" title="Iinitial business combination closing">24</span> months from the closing of the Initial Public Offering or by such earlier liquidation date as the Company’s board of directors may approve (the “Completion Window”), subject to applicable law, or (iii) the redemption of the Company’s Public Shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association to (A) modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem <span id="xdx_908_ecustom--InitialBusinessCombinationRedeemPercentage_pid_dp_c20260302__20260302_zmVAFfLFQMVa" title="Initial business combination redeem percentage">100</span>% of the Company’s Public Shares if the Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public shareholders.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will provide the Company’s public shareholders with the opportunity to redeem all or a portion of their Public Shares, regardless of whether they abstain, vote for, or vote against, the initial Business Combination upon completion of the initial Business Combination either (i) in connection with a shareholder meeting called to approve the initial Business Combination or (ii) without a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public shareholders will be entitled to redeem their shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the initial Business Combination, including interest earned on the funds held in the Trust Account and not released to pay taxes (less taxes payable), divided by the number of then outstanding Public Shares, subject to the limitations. The amount in the Trust Account is initially anticipated to be $<span id="xdx_90F_ecustom--TrustAccountAnticipatedPricePerShare_iI_c20260531_zPgXHOzpkAgj" title="Trust account anticipated price per share">10.00</span> per Public Share. The Class A ordinary shares subject to redemption were recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity.” </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will have only the duration of the Completion Window to complete the initial Business Combination, unless the Company’s shareholders otherwise approve an amendment to the Company’s amended and restated memorandum and articles of association to extend the Completion Window. If the Company is unable to complete its initial Business Combination within the Completion Window or any extension of the Completion Window, the Company will as promptly as reasonably possible but not more than ten business days thereafter (and subject to lawfully available funds therefor), redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not released to pay taxes (which interest shall be net of taxes (excluding any Excise Tax, or similar tax, imposed on us) and less up to $<span id="xdx_90F_ecustom--PossibleDissolutionExpenses_c20251201__20260531_zw415MqSgL7j" title="Possible dissolution expenses">100,000</span> of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will constitute full and complete payment for the Public Shares and completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims of creditors and subject to the other requirements of applicable law.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Initial Public Offering, the Sponsor, officers and directors (“Insiders”) entered into a letter agreement with the Company, pursuant to which they agree to waive their redemption rights with respect to any shares held by them in connection with the completion of the initial Business Combination. Additionally, the Insiders agreed to waive their rights to liquidating distributions from the Trust Account with respect to the Founder Shares and Private Placement Shares they hold if the Company fails to complete the initial Business Combination within the prescribed time frame, although they will be entitled to liquidating distributions from assets outside the Trust Account, if any. If the Company does not complete the initial Business Combination within the prescribed time frame, the Private Placement Units (and the securities comprising such units) will likely be worthless. Furthermore, the Insiders agreed not to transfer, assign or sell any of the Founder Shares and any Class A ordinary shares issuable upon conversion thereof until the earlier to occur of: (i) one year after the completion of the initial Business Combination or (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of the Class A ordinary shares equals or exceeds $<span id="xdx_907_ecustom--ClosingPriceOfOrdinaryShareEqualOrExceed_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zB7dcwZbBHW8" title="Closing price of equals or exceeds">12.00</span> per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any <span id="xdx_90A_ecustom--NumberOfTradingDaysOfBusinessCombination_dtD_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zoGoRCW1WbH5" title="Number of trading days of business combination">20</span> trading days within any <span id="xdx_900_ecustom--AfterInitialBusinessCombinationOfTradingDays_dtD_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zct5c2hcplc1" title="After initial business combination of trading days">30</span>-trading day period commencing at least <span id="xdx_902_ecustom--TradingDaysWithinAnySpecifiedTradingDayPeriodCommences_dtD_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zDMa4WHanQXk" title="Trading days within any specified trading day period commences">150</span> days after the initial Business Combination, the Founder Shares will be released from the lock-up. The Private Placement Units (including the securities comprising such units and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants) will not be transferable until <span id="xdx_905_ecustom--CompletionOfInitialBusinessCombinationDays_dtD_c20251201__20260531_z7zU2Q91Nute" title="Completion of initial business combination">30</span> days following the completion of the initial Business Combination. Because each of the officers and directors own ordinary shares or units directly or indirectly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate the initial Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of <span id="xdx_900_ecustom--BusinessCombinationAgreement_c20251201__20260531_zuQMfsz2hLAf" title="Business combination agreement">(i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable (excluding any Excise Tax, or similar tax, imposed on the Company), provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (“Securities Act”).</span> However, the Company has not asked the Sponsor to reserve for such indemnification obligations, nor has the Company independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and the Company believes that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor would be able to satisfy those obligations.</p> 23000000 3000000 10.00 230000000 625000 10.00 10.00 6250000 625000 395000 230000 1 11.50 13260344 4600000 8050000 610344 0.80 0.50 230000000 10.00 P185D P24M 1 10.00 100000 12.00 P20D P30D P150D P30D (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable (excluding any Excise Tax, or similar tax, imposed on the Company), provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (“Securities Act”). <p id="xdx_805_eus-gaap--SignificantAccountingPoliciesTextBlock_zh52gNEM0lL8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 2 — <span id="xdx_82B_ze85Y3UUAke4">Significant Accounting Policies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_84D_eus-gaap--BasisOfPresentationAndSignificantAccountingPoliciesTextBlock_zRnIKUuZHNt6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_866_zlOzPotLPftd">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in unaudited condensed financial statements prepared in accordance with U.S. GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the period presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on February 27, 2026, as well as the Company’s Current Report on Form 8-K, as filed with the SEC on March 6, 2026. The interim results for the three and six months ended May 31, 2026 are not necessarily indicative of the results to be expected for the year ending November 30, 2026 or for any future periods.</p> <p id="xdx_850_zdrFvpAhSEa7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_840_ecustom--LiquidityandCapitalResourcesPolicyTextBlock_zfgH8NuXbh6j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86C_z7PWxPbJdW4a">Liquidity and Going Concern Considerations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s liquidity needs up to May 31, 2026 had been satisfied through the loan under an unsecured promissory note from the Sponsor of up to $<span id="xdx_90C_eus-gaap--UnsecuredDebt_iI_c20260531__us-gaap--LongtermDebtTypeAxis__custom--UnsecuredPromissoryNoteMember_zvTa4A7N6MDe" title="Unsecured promissory note">250,000</span> (Note 5) and the net proceeds of the Initial Public Offering not held in the Trust Account. As of May 31, 2026, the Company had $<span id="xdx_901_eus-gaap--CashEquivalentsAtCarryingValue_iI_c20260531_zplxWZJ6QF43" title="Cash equivalents">824,832</span> in cash equivalents and had working capital of $<span id="xdx_90F_ecustom--WorkingCapital_iI_c20260531_ztVxplEinkh2" title="Working capital">810,621</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In order to finance transaction costs in connection with an intended initial Business Combination, the Insiders or any of their affiliates may, but are not obligated to, loan the Company funds as may be required on a non-interest basis (the “Working Capital Loans”). If the Company completes an initial Business Combination, the Company would repay such loaned amounts unless the holder opted to convert such amounts into units as described below. In the event that the initial Business Combination does not close, the Company may use amounts held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $<span id="xdx_908_ecustom--WorkingCapitalLoans_c20251201__20260531_zBoiR4x5GqGe" title="Working capital loans">1,500,000</span> of such loans may be convertible into units of the post business combination entity at a price of $<span id="xdx_904_eus-gaap--BusinessAcquisitionSharePrice_iI_c20260531__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_zdlbh4SFbdRh" title="Business combination price per share">10.00</span> per Unit at the option of the lender. Such Units would be identical to the Private Placement Units. Except as set forth above, the terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans. As of May 31, 2026, no such Working Capital Loans were outstanding.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements - Going Concern,” the Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business. However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available to operate its business prior to the initial Business Combination. The Company has the completion window to complete the initial Business Combination. Management plans to consummate an initial Business Combination prior to the end of the combination period. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after the end of the combination period. There can be no assurance that the Company’s plans to raise capital or to consummate an initial Business Combination will be successful.</p> <p id="xdx_85C_zzgPLToJja5l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_84C_ecustom--EmergingGrowthCompanyStatusPolicyTextBlock_zZea9sKINTc2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86D_zITqbwIHFy7h">Emerging Growth Company Status</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (“Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s unaudited condensed financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</p> <p id="xdx_856_zo3QwaVY6ESd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_84C_eus-gaap--UseOfEstimates_zplCPdwVzbc1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86E_zIjgT5T3urZ5">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the unaudited condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p> <p id="xdx_851_ziacVNoo6bB5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_848_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zVfRbSZrznM5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_z84Ggf8XZNEl">Cash and Cash Equivalents</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $<span id="xdx_90F_eus-gaap--CashEquivalentsAtCarryingValue_iI_c20260531_zPRSm8ZawbE7" title="Cash equivalents">824,832</span> and $<span id="xdx_90B_eus-gaap--CashEquivalentsAtCarryingValue_iI_c20251130_zLF21asmZFa9" title="Cash equivalents">0</span> in cash equivalents as of May 31, 2026 and November 30, 2025, respectively.</p> <p id="xdx_855_zIhxDy2L2LNl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_849_eus-gaap--MarketableSecuritiesPolicy_zEygD98BNyQ1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_zdCbQmRLijQg">Marketable Securities Held in Trust Account</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of May 31, 2026 and November 30, 2025, the assets held in the Trust Account, amounting to $<span id="xdx_90C_eus-gaap--AssetsHeldInTrustCurrent_iI_c20260531_zh8OWC3Kjqjh" title="Assets held in trust account">232,037,464</span> and $<span id="xdx_901_eus-gaap--AssetsHeldInTrustCurrent_iI_c20251130_zI1W5CrGZjG6" title="Assets held in trust account">0</span>, respectively, were held in money market funds which are invested primarily in U.S. Treasury Securities. The money market funds held in Trust Account are classified as trading securities. Trading securities are presented on the condensed balance sheets at fair value at the end of each reporting period. The estimated fair values of money market funds held in the Trust Account are determined using available market information.</p> <p id="xdx_85F_z5KD0sLb4Dh7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zjmE17t37xj4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86C_zx4FOXh0x4l4">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $<span id="xdx_902_ecustom--FederalDepositoryInsuranceCoverage_c20251201__20260531_zUvA1rhg3uFg" title="Federal depository insurance coverage amount">250,000</span>. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.</p> <p id="xdx_853_zkw8BO86Xwfa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p id="xdx_84E_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zX1zhdTkBz8d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_863_zLaPmiJNzCT2">Fair Value of Financial Instruments</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the condensed balance sheets, primarily due to their short-term nature.</p> <p id="xdx_856_zxdVE3SCpOR9" style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_84A_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_zMEKpcVWTCef" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_863_zOI1NfF7qqDb">Class A Ordinary Shares Subject to Possible Redemption</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Public Shares contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with FASB ASC 480-10-S99, the Company classifies Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company. The Company will recognize changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, as of May 31, 2026, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s condensed balance sheets. As of May 31, 2026, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_888_eus-gaap--TemporaryEquityTableTextBlock_zg7zVpqpxdm3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies - Schedule of Class A Ordinary Shares Subject to Possible Redemption (Details)"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"><p style="display: none"><span id="xdx_8BA_zBWGcVqF9hRh" style="display: none">Schedule of Class A Ordinary Shares Subject to Possible Redemption</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; text-align: left">Gross proceeds</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zcJnIXRfyWeb" style="width: 12%; text-align: right" title="Gross proceeds">230,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LessAbstract_iB_zz5gVbkDw2Z3" style="vertical-align: bottom; background-color: White"> <td>Less:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Proceeds allocated to Public Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--ProceedsFromIssuanceOfWarrants_iN_di_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zU8yTPRBUjG1" style="text-align: right" title="Proceeds allocated to Public Warrants">(2,990,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Public Shares issuance costs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProceedsFromIssuanceOfCommonStock_iN_di_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zz9s0n3gp4rb" style="text-align: right" title="Public Shares issuance costs">(13,072,023</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--PlusAbstract_iB_zxraq2Wo8cKl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plus:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Remeasurement of carrying value to redemption value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--TemporaryEquityAccretionToRedemptionValueAdjustment_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z5v3eHGsqI7d" style="border-bottom: Black 1pt solid; text-align: right" title="Remeasurement of carrying value to redemption value">18,099,487</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Class A ordinary shares subject to possible redemption, May 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_znnIGYwZXs77" style="border-bottom: Black 2.5pt double; text-align: right" title="Class A ordinary shares subject to possible redemption, May 31, 2026">232,037,464</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zm6XdJR8I8Zj" style="margin-top: 0; margin-bottom: 0"></p> <p id="xdx_853_zIuM7Jdmacpk" style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_84D_eus-gaap--IncomeTaxPolicyTextBlock_zkLjsinOUwc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86B_zYYIqNjjKKa1">Income Taxes</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for income taxes under FASB ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed financial statements and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FASB ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of May 31, 2026 and November 30, 2025, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is considered to be a Cayman Islands exempted company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. </p> <p id="xdx_85D_zzhxlnDey2p1" style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84D_ecustom--WarrantInstrumentsPolicyTextBlock_zqBY3CJk77af" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_z4PG2p7OctB">Warrant Instruments</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for the Public Warrants and Private Placement Warrants issued in connection with the Initial Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified the Warrant instruments under equity treatment at their relative fair values. There are <span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstanding_iI_c20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_z5kwyUImIpPj" title="Warrants outstanding">7,666,667</span> Public Warrants and <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstanding_iI_c20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantMember_zlHLBmhrZ1u4" title="Warrants outstanding">208,333</span> Private Placement Warrants outstanding as of May 31, 2026 and <span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstanding_iI_dn_c20251130__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantMember_zVdHaULr2Ud8" title="Warrants outstanding">none</span> as of November 30, 2025.</p> <p id="xdx_857_z9CVqm8jcNXa" style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_840_eus-gaap--EarningsPerSharePolicyTextBlock_zmjYg9iwRl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86C_zUKsPYqlwwz7">Net Income per Ordinary Share</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company complies with accounting and disclosure requirements of ASC 260, “Earnings Per Share.” The Company has two classes of shares, which are referred to as Class A Ordinary Shares and Class B Ordinary Shares. Income and losses are shared pro rata between the two classes of shares. Net income per ordinary share is calculated by dividing the net income by the weighted average Ordinary Shares outstanding for the respective period.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With respect to the accretion of Class A Ordinary Shares subject to possible redemption and consistent with ASC Topic 480-10-S99-3A, the Company treated accretion in the same manner as a dividend paid to the shareholders in the calculation of the net income per ordinary share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zmQpjDlN95x5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Income (loss) Per Ordinary Shares (Details)"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none; text-align: left"><p style="display: none"><span id="xdx_8BE_zaQZQcApwbG8" style="display: none">Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Shares</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Six Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Basic net income (loss) per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_z0xlp74u8QVd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Allocation of net income (loss)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zRgXkD4qjin9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">1,165,553</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zAUhyiqKMuI9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">759,591</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zrpKGrkUsUI9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">1,141,451</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zBBRxvWXRZih" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">696,100</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_i01B_zJhjGnwqLvE" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-indent: -6.45pt; padding-left: 6.45pt">Basic weighted average shares outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zdShnt5lJug6" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zSBghf1NcKCb" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">7,655,678</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zxxnrtkB9Yg" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zLxBmuKiSBlg" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">7,163,905</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Basic net income (loss) per ordinary share</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--EarningsPerShareBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zTkIk38RCoFc" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--EarningsPerShareBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zuKUTa8fa1B5" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--EarningsPerShareBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zGxxnIoktEMi" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--EarningsPerShareBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfHiiqpjkA9" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Six Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Diluted net income (loss) per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_zBCE5SbxYKJk" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Allocation of net income (loss)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zFKrfu3G8gLa" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">1,164,893</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zXVzSe1SuXtd" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">760,251</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZShbyKCXUxg" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">1,111,891</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zAjzrqIyoxRb" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">725,660</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_i01B_z0RX8GI0yerl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-indent: -6.45pt; padding-left: 6.45pt">Diluted weighted average shares outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zEg14oL9PGp2" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zutT3Biu9iz5" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">7,666,667</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zcnQ1OJdz09i" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfiYQJrvgr36" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">7,666,667</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Diluted net income (loss) per ordinary share</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--EarningsPerShareDiluted_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZOeo8bwSOnc" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--EarningsPerShareDiluted_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ztn1TLOlZcV9" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--EarningsPerShareDiluted_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zc1U8NkTDnq" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.09</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--EarningsPerShareDiluted_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zhghlulw69Z8" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.09</td><td style="text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"></p> <p id="xdx_85B_zf5KQQH6lVs1" style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_842_ecustom--ReferralFeeIncomePolicyTextBlock_z2L4Ozgvodt1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_z6znGpb1kp7f">Referral Fee Income</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Referral fee income is recognized when earned in accordance with the terms of the underlying agreement and is presented as part of the Other Income in the statements of operations. Such income is derived from the referral arrangements.</p> <p id="xdx_85F_zEfOOQWe2td1" style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_846_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zIyMc1f7R8Cf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86F_zezrGzwEqSb6">Recent Accounting Pronouncements</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on November 18, 2025, the date of its incorporation, as noted in Note 8.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (ASC Topic 740): Improvements to Income Tax Disclosures” (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the adoption of ASU 2023-09 will have a material impact on its unaudited condensed financial statements and disclosures.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.</p> <p id="xdx_85B_zwAzsSoXjTU2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p id="xdx_84D_eus-gaap--BasisOfPresentationAndSignificantAccountingPoliciesTextBlock_zRnIKUuZHNt6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_866_zlOzPotLPftd">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in unaudited condensed financial statements prepared in accordance with U.S. GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the period presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on February 27, 2026, as well as the Company’s Current Report on Form 8-K, as filed with the SEC on March 6, 2026. The interim results for the three and six months ended May 31, 2026 are not necessarily indicative of the results to be expected for the year ending November 30, 2026 or for any future periods.</p> <p id="xdx_840_ecustom--LiquidityandCapitalResourcesPolicyTextBlock_zfgH8NuXbh6j" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86C_z7PWxPbJdW4a">Liquidity and Going Concern Considerations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s liquidity needs up to May 31, 2026 had been satisfied through the loan under an unsecured promissory note from the Sponsor of up to $<span id="xdx_90C_eus-gaap--UnsecuredDebt_iI_c20260531__us-gaap--LongtermDebtTypeAxis__custom--UnsecuredPromissoryNoteMember_zvTa4A7N6MDe" title="Unsecured promissory note">250,000</span> (Note 5) and the net proceeds of the Initial Public Offering not held in the Trust Account. As of May 31, 2026, the Company had $<span id="xdx_901_eus-gaap--CashEquivalentsAtCarryingValue_iI_c20260531_zplxWZJ6QF43" title="Cash equivalents">824,832</span> in cash equivalents and had working capital of $<span id="xdx_90F_ecustom--WorkingCapital_iI_c20260531_ztVxplEinkh2" title="Working capital">810,621</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In order to finance transaction costs in connection with an intended initial Business Combination, the Insiders or any of their affiliates may, but are not obligated to, loan the Company funds as may be required on a non-interest basis (the “Working Capital Loans”). If the Company completes an initial Business Combination, the Company would repay such loaned amounts unless the holder opted to convert such amounts into units as described below. In the event that the initial Business Combination does not close, the Company may use amounts held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $<span id="xdx_908_ecustom--WorkingCapitalLoans_c20251201__20260531_zBoiR4x5GqGe" title="Working capital loans">1,500,000</span> of such loans may be convertible into units of the post business combination entity at a price of $<span id="xdx_904_eus-gaap--BusinessAcquisitionSharePrice_iI_c20260531__us-gaap--BusinessAcquisitionAxis__custom--BusinessCombinationMember_zdlbh4SFbdRh" title="Business combination price per share">10.00</span> per Unit at the option of the lender. Such Units would be identical to the Private Placement Units. Except as set forth above, the terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans. As of May 31, 2026, no such Working Capital Loans were outstanding.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements - Going Concern,” the Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business. However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available to operate its business prior to the initial Business Combination. The Company has the completion window to complete the initial Business Combination. Management plans to consummate an initial Business Combination prior to the end of the combination period. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after the end of the combination period. There can be no assurance that the Company’s plans to raise capital or to consummate an initial Business Combination will be successful.</p> 250000 824832 810621 1500000 10.00 <p id="xdx_84C_ecustom--EmergingGrowthCompanyStatusPolicyTextBlock_zZea9sKINTc2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86D_zITqbwIHFy7h">Emerging Growth Company Status</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (“Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s unaudited condensed financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</p> <p id="xdx_84C_eus-gaap--UseOfEstimates_zplCPdwVzbc1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86E_zIjgT5T3urZ5">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the unaudited condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p> <p id="xdx_848_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zVfRbSZrznM5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_z84Ggf8XZNEl">Cash and Cash Equivalents</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $<span id="xdx_90F_eus-gaap--CashEquivalentsAtCarryingValue_iI_c20260531_zPRSm8ZawbE7" title="Cash equivalents">824,832</span> and $<span id="xdx_90B_eus-gaap--CashEquivalentsAtCarryingValue_iI_c20251130_zLF21asmZFa9" title="Cash equivalents">0</span> in cash equivalents as of May 31, 2026 and November 30, 2025, respectively.</p> 824832 0 <p id="xdx_849_eus-gaap--MarketableSecuritiesPolicy_zEygD98BNyQ1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_zdCbQmRLijQg">Marketable Securities Held in Trust Account</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of May 31, 2026 and November 30, 2025, the assets held in the Trust Account, amounting to $<span id="xdx_90C_eus-gaap--AssetsHeldInTrustCurrent_iI_c20260531_zh8OWC3Kjqjh" title="Assets held in trust account">232,037,464</span> and $<span id="xdx_901_eus-gaap--AssetsHeldInTrustCurrent_iI_c20251130_zI1W5CrGZjG6" title="Assets held in trust account">0</span>, respectively, were held in money market funds which are invested primarily in U.S. Treasury Securities. The money market funds held in Trust Account are classified as trading securities. Trading securities are presented on the condensed balance sheets at fair value at the end of each reporting period. The estimated fair values of money market funds held in the Trust Account are determined using available market information.</p> 232037464 0 <p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zjmE17t37xj4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86C_zx4FOXh0x4l4">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $<span id="xdx_902_ecustom--FederalDepositoryInsuranceCoverage_c20251201__20260531_zUvA1rhg3uFg" title="Federal depository insurance coverage amount">250,000</span>. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.</p> 250000 <p id="xdx_84E_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zX1zhdTkBz8d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_863_zLaPmiJNzCT2">Fair Value of Financial Instruments</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the condensed balance sheets, primarily due to their short-term nature.</p> <p id="xdx_84A_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_zMEKpcVWTCef" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_863_zOI1NfF7qqDb">Class A Ordinary Shares Subject to Possible Redemption</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Public Shares contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with FASB ASC 480-10-S99, the Company classifies Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company. The Company will recognize changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, as of May 31, 2026, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ deficit section of the Company’s condensed balance sheets. As of May 31, 2026, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_888_eus-gaap--TemporaryEquityTableTextBlock_zg7zVpqpxdm3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies - Schedule of Class A Ordinary Shares Subject to Possible Redemption (Details)"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"><p style="display: none"><span id="xdx_8BA_zBWGcVqF9hRh" style="display: none">Schedule of Class A Ordinary Shares Subject to Possible Redemption</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; text-align: left">Gross proceeds</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zcJnIXRfyWeb" style="width: 12%; text-align: right" title="Gross proceeds">230,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LessAbstract_iB_zz5gVbkDw2Z3" style="vertical-align: bottom; background-color: White"> <td>Less:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Proceeds allocated to Public Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--ProceedsFromIssuanceOfWarrants_iN_di_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zU8yTPRBUjG1" style="text-align: right" title="Proceeds allocated to Public Warrants">(2,990,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Public Shares issuance costs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProceedsFromIssuanceOfCommonStock_iN_di_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zz9s0n3gp4rb" style="text-align: right" title="Public Shares issuance costs">(13,072,023</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--PlusAbstract_iB_zxraq2Wo8cKl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plus:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Remeasurement of carrying value to redemption value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--TemporaryEquityAccretionToRedemptionValueAdjustment_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z5v3eHGsqI7d" style="border-bottom: Black 1pt solid; text-align: right" title="Remeasurement of carrying value to redemption value">18,099,487</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Class A ordinary shares subject to possible redemption, May 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_znnIGYwZXs77" style="border-bottom: Black 2.5pt double; text-align: right" title="Class A ordinary shares subject to possible redemption, May 31, 2026">232,037,464</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zm6XdJR8I8Zj" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_888_eus-gaap--TemporaryEquityTableTextBlock_zg7zVpqpxdm3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies - Schedule of Class A Ordinary Shares Subject to Possible Redemption (Details)"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none"><p style="display: none"><span id="xdx_8BA_zBWGcVqF9hRh" style="display: none">Schedule of Class A Ordinary Shares Subject to Possible Redemption</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 85%; text-align: left">Gross proceeds</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zcJnIXRfyWeb" style="width: 12%; text-align: right" title="Gross proceeds">230,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LessAbstract_iB_zz5gVbkDw2Z3" style="vertical-align: bottom; background-color: White"> <td>Less:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Proceeds allocated to Public Warrants</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--ProceedsFromIssuanceOfWarrants_iN_di_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zU8yTPRBUjG1" style="text-align: right" title="Proceeds allocated to Public Warrants">(2,990,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Public Shares issuance costs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ProceedsFromIssuanceOfCommonStock_iN_di_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zz9s0n3gp4rb" style="text-align: right" title="Public Shares issuance costs">(13,072,023</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_ecustom--PlusAbstract_iB_zxraq2Wo8cKl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plus:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Remeasurement of carrying value to redemption value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--TemporaryEquityAccretionToRedemptionValueAdjustment_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z5v3eHGsqI7d" style="border-bottom: Black 1pt solid; text-align: right" title="Remeasurement of carrying value to redemption value">18,099,487</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Class A ordinary shares subject to possible redemption, May 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_znnIGYwZXs77" style="border-bottom: Black 2.5pt double; text-align: right" title="Class A ordinary shares subject to possible redemption, May 31, 2026">232,037,464</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 230000000 2990000 13072023 18099487 232037464 <p id="xdx_84D_eus-gaap--IncomeTaxPolicyTextBlock_zkLjsinOUwc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86B_zYYIqNjjKKa1">Income Taxes</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for income taxes under FASB ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed financial statements and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FASB ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of May 31, 2026 and November 30, 2025, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is considered to be a Cayman Islands exempted company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. </p> <p id="xdx_84D_ecustom--WarrantInstrumentsPolicyTextBlock_zqBY3CJk77af" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_z4PG2p7OctB">Warrant Instruments</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company accounts for the Public Warrants and Private Placement Warrants issued in connection with the Initial Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified the Warrant instruments under equity treatment at their relative fair values. There are <span id="xdx_90E_eus-gaap--WarrantsAndRightsOutstanding_iI_c20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_z5kwyUImIpPj" title="Warrants outstanding">7,666,667</span> Public Warrants and <span id="xdx_903_eus-gaap--WarrantsAndRightsOutstanding_iI_c20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantMember_zlHLBmhrZ1u4" title="Warrants outstanding">208,333</span> Private Placement Warrants outstanding as of May 31, 2026 and <span id="xdx_90B_eus-gaap--WarrantsAndRightsOutstanding_iI_dn_c20251130__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantMember_zVdHaULr2Ud8" title="Warrants outstanding">none</span> as of November 30, 2025.</p> 7666667 208333 0 <p id="xdx_840_eus-gaap--EarningsPerSharePolicyTextBlock_zmjYg9iwRl4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86C_zUKsPYqlwwz7">Net Income per Ordinary Share</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company complies with accounting and disclosure requirements of ASC 260, “Earnings Per Share.” The Company has two classes of shares, which are referred to as Class A Ordinary Shares and Class B Ordinary Shares. Income and losses are shared pro rata between the two classes of shares. Net income per ordinary share is calculated by dividing the net income by the weighted average Ordinary Shares outstanding for the respective period.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With respect to the accretion of Class A Ordinary Shares subject to possible redemption and consistent with ASC Topic 480-10-S99-3A, the Company treated accretion in the same manner as a dividend paid to the shareholders in the calculation of the net income per ordinary share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zmQpjDlN95x5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Income (loss) Per Ordinary Shares (Details)"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none; text-align: left"><p style="display: none"><span id="xdx_8BE_zaQZQcApwbG8" style="display: none">Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Shares</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Six Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Basic net income (loss) per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_z0xlp74u8QVd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Allocation of net income (loss)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zRgXkD4qjin9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">1,165,553</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zAUhyiqKMuI9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">759,591</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zrpKGrkUsUI9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">1,141,451</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zBBRxvWXRZih" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">696,100</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_i01B_zJhjGnwqLvE" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-indent: -6.45pt; padding-left: 6.45pt">Basic weighted average shares outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zdShnt5lJug6" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zSBghf1NcKCb" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">7,655,678</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zxxnrtkB9Yg" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zLxBmuKiSBlg" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">7,163,905</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Basic net income (loss) per ordinary share</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--EarningsPerShareBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zTkIk38RCoFc" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--EarningsPerShareBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zuKUTa8fa1B5" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--EarningsPerShareBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zGxxnIoktEMi" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--EarningsPerShareBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfHiiqpjkA9" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Six Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Diluted net income (loss) per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_zBCE5SbxYKJk" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Allocation of net income (loss)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zFKrfu3G8gLa" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">1,164,893</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zXVzSe1SuXtd" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">760,251</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZShbyKCXUxg" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">1,111,891</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zAjzrqIyoxRb" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">725,660</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_i01B_z0RX8GI0yerl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-indent: -6.45pt; padding-left: 6.45pt">Diluted weighted average shares outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zEg14oL9PGp2" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zutT3Biu9iz5" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">7,666,667</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zcnQ1OJdz09i" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfiYQJrvgr36" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">7,666,667</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Diluted net income (loss) per ordinary share</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--EarningsPerShareDiluted_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZOeo8bwSOnc" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--EarningsPerShareDiluted_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ztn1TLOlZcV9" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--EarningsPerShareDiluted_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zc1U8NkTDnq" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.09</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--EarningsPerShareDiluted_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zhghlulw69Z8" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.09</td><td style="text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"></p> <p id="xdx_85B_zf5KQQH6lVs1" style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_842_ecustom--ReferralFeeIncomePolicyTextBlock_z2L4Ozgvodt1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_z6znGpb1kp7f">Referral Fee Income</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Referral fee income is recognized when earned in accordance with the terms of the underlying agreement and is presented as part of the Other Income in the statements of operations. Such income is derived from the referral arrangements.</p> <p id="xdx_85F_zEfOOQWe2td1" style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_846_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zIyMc1f7R8Cf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86F_zezrGzwEqSb6">Recent Accounting Pronouncements</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on November 18, 2025, the date of its incorporation, as noted in Note 8.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (ASC Topic 740): Improvements to Income Tax Disclosures” (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the adoption of ASU 2023-09 will have a material impact on its unaudited condensed financial statements and disclosures.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.</p> <p id="xdx_85B_zwAzsSoXjTU2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zmQpjDlN95x5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Income (loss) Per Ordinary Shares (Details)"> <tr style="display: none; vertical-align: bottom; background-color: White"> <td style="display: none; text-align: left"><p style="display: none"><span id="xdx_8BE_zaQZQcApwbG8" style="display: none">Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Shares</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right" title="Basic net income per ordinary share"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Six Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left">Basic net income (loss) per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_z0xlp74u8QVd" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Allocation of net income (loss)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zRgXkD4qjin9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">1,165,553</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zAUhyiqKMuI9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">759,591</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zrpKGrkUsUI9" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">1,141,451</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zBBRxvWXRZih" style="width: 10%; text-align: right" title="Allocation of net income (loss), Basic">696,100</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_i01B_zJhjGnwqLvE" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-indent: -6.45pt; padding-left: 6.45pt">Basic weighted average shares outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zdShnt5lJug6" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zSBghf1NcKCb" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">7,655,678</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zxxnrtkB9Yg" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zLxBmuKiSBlg" style="border-bottom: Black 1pt solid; text-align: right" title="Basic weighted average shares outstanding">7,163,905</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Basic net income (loss) per ordinary share</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--EarningsPerShareBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zTkIk38RCoFc" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--EarningsPerShareBasic_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zuKUTa8fa1B5" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--EarningsPerShareBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zGxxnIoktEMi" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--EarningsPerShareBasic_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfHiiqpjkA9" style="text-align: right" title="Basic net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> </table> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Six Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class A</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Class B</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-style: italic; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Diluted net income (loss) per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasicAbstract_iB_zBCE5SbxYKJk" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 48%; text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Allocation of net income (loss)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zFKrfu3G8gLa" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">1,164,893</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zXVzSe1SuXtd" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">760,251</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZShbyKCXUxg" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">1,111,891</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zAjzrqIyoxRb" style="width: 10%; text-align: right" title="Allocation of net income (loss), Diluted">725,660</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasicAbstract_i01B_z0RX8GI0yerl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -6.45pt; padding-left: 6.45pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt; text-indent: -6.45pt; padding-left: 6.45pt">Diluted weighted average shares outstanding</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zEg14oL9PGp2" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zutT3Biu9iz5" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">7,666,667</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zcnQ1OJdz09i" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">11,747,238</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfiYQJrvgr36" style="border-bottom: Black 1pt solid; text-align: right" title="Diluted weighted average shares outstanding">7,666,667</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -6.45pt; padding-left: 6.45pt">Diluted net income (loss) per ordinary share</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--EarningsPerShareDiluted_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZOeo8bwSOnc" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_981_eus-gaap--EarningsPerShareDiluted_i02_c20260301__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ztn1TLOlZcV9" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--EarningsPerShareDiluted_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zc1U8NkTDnq" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.09</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98C_eus-gaap--EarningsPerShareDiluted_i02_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zhghlulw69Z8" style="text-align: right" title="Diluted net income (loss) per ordinary share">0.09</td><td style="text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"></p> 1165553 759591 1141451 696100 11747238 7655678 11747238 7163905 0.10 0.10 0.10 0.10 1164893 760251 1111891 725660 11747238 7666667 11747238 7666667 0.10 0.10 0.09 0.09 <p id="xdx_842_ecustom--ReferralFeeIncomePolicyTextBlock_z2L4Ozgvodt1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_z6znGpb1kp7f">Referral Fee Income</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Referral fee income is recognized when earned in accordance with the terms of the underlying agreement and is presented as part of the Other Income in the statements of operations. Such income is derived from the referral arrangements.</p> <p id="xdx_846_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zIyMc1f7R8Cf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86F_zezrGzwEqSb6">Recent Accounting Pronouncements</span></b></p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on November 18, 2025, the date of its incorporation, as noted in Note 8.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (ASC Topic 740): Improvements to Income Tax Disclosures” (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the adoption of ASU 2023-09 will have a material impact on its unaudited condensed financial statements and disclosures.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.</p> <p id="xdx_80C_ecustom--InitialPublicOfferingDisclosureTextBlock_zKGrIOW7tG6g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 3 — <span id="xdx_82C_zHCq0U9Oyc3i">Initial Public Offering</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Initial Public Offering on March 2, 2026, the Company sold <span id="xdx_906_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_z7LbqACgTnZ5" title="Number of units issued">23,000,000</span> Units, which includes the full exercise by the underwriters of their over-allotment option of <span id="xdx_901_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zRPzFIvye88b" title="Number of units issued">3,000,000</span> Units, at a purchase price of $<span id="xdx_902_eus-gaap--SaleOfStockPricePerShare_iI_c20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_z9tRyLrj6jd9" title="Number of units issued price per share">10.00</span> per Public Unit, generating gross proceeds of $<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zLl00VqZTrz1" title="Gross proceeds">230,000,000</span>. Each Unit consists of one Class A ordinary share, and one-third of one redeemable Public Warrant. Each whole Public Warrant entitles the holder to purchase <span id="xdx_907_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_iI_uShares_c20260302__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zQoyfvGMRQo5" style="display: none" title="Number of shares issued per unit">1</span> one Class A ordinary share at a price of $<span id="xdx_90D_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20260302__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zLGAxXkdUVZ9" title="Class of warrant or right, exercise price of warrants or rights">11.50</span> per share, subject to adjustment. Each Public Warrant becomes exercisable at the later of 12 months from the closing the Initial Public Offering and <span id="xdx_900_ecustom--ThresholdPeriodForNotToTransferAssignOrSellSharesOrWarrantsAfterTheCompletionOfInitialBusinessCombination_dtD_c20260302__20260302_ztny2FzbVB3a" title="After completion initial business combination">30</span> days after the completion of the initial Business Combination and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation.</p> 23000000 3000000 10.00 230000000 1 11.50 P30D <p id="xdx_805_ecustom--PrivatePlacementTextBlock_zpqZxF0QUFIa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 4 — <span id="xdx_825_z041b1WqpCC1">Private Placement</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Simultaneously with the closing of the Initial Public Offering on March 2, 2026, the Sponsor and BTIG, LLC purchased an aggregate of <span id="xdx_906_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zGN8DvYgvq3g" title="Number of units issued">625,000</span> Private Placement Units, at a price of $<span id="xdx_90F_eus-gaap--SaleOfStockPricePerShare_iI_c20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zjp8PsmKvPLh" title="Number of units issued price per share">10.00</span> per Private Placement Unit, generating gross proceeds of $<span id="xdx_90B_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zO3CTAs3rXV3" title="Gross proceeds">6,250,000</span>. Of those <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260302__20260302__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zVWWDskrBGYj" title="Number of units">625,000</span> Private Placement Units, the Sponsor purchased <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20260302__20260302__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SponsorMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zFy1gL5cwLa2" title="Number of units purchased">395,000</span> Private Placement Units and BTIG, LLC purchased <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20260302__20260302__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BTIGLLCMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zRy8nBzLF09a" title="Number of units purchased">230,000</span> Private Placement Units.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Private Placement Units are identical to the Units sold in the Initial Public Offering except that the Private Placement Units (including the securities comprising such Units and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until <span id="xdx_90B_ecustom--NumberOfDaysAfterCompletionOfInitialBusinessCombination_dtD_c20251201__20260531_zZ2wadnUNyha" title="Number of days after completion of initial business combination">30</span> days after the completion of the initial Business Combination, (ii) will be entitled to registration rights and (iii) with respect to Private Placement Warrants included in the Private Placement Units held by BTIG and/or its designees, will not be exercisable more than five years from the commencement of sales in the Initial Public Offering in accordance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110(g)(8).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Insiders entered into a letter agreement with the Company, pursuant to which they agreed to (i) waive their redemption rights with respect to any shares held by them in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with respect to any shares held by them in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem <span id="xdx_902_ecustom--BusinessCombinationRedemptionOfShares_dp_c20251201__20260531_zJxWFeiinuXa" title="Business combination, redemption of shares">100</span>% of the Public Shares if the Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares and Private Placement Shares if the Company fails to complete an initial Business Combination within the Completion Window, although they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete an initial Business Combination within the prescribed time frame and to liquidating distributions from assets outside the Trust Account; and (iv) vote any Founder Shares and Private Placement Shares held by them and any Public Shares purchased during or after the Initial Public Offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the Business Combination transaction) in favor of the initial Business Combination.</p> 625000 10.00 6250000 625000 395000 230000 P30D 1 <p id="xdx_800_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zCJRprrqRfWc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 5 — <span id="xdx_829_zYXOuMceOI">Related Party Transactions</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Founder Shares</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 21, 2025, the Sponsor made capital contributions of $<span id="xdx_900_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pdp0_c20251121__20251121__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SponsorsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zKiWBvqB39z" title="Common stock, shares issued">25,000</span> in the aggregate, or approximately $<span id="xdx_908_eus-gaap--PartnersCapitalDistributionAmountPerShare_iI_c20251121__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SponsorsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zIgUa3uoWuT9" title="Capital contribution price per share">0.003</span> per share, to cover certain of the Company’s expenses, for which the Company issued <span id="xdx_902_eus-gaap--CommonStockSharesIssued_iI_c20251121__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SponsorsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zxbw7endmZk" title="Shares issued">7,666,667</span> Class B ordinary shares, $<span id="xdx_90D_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20251121__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SponsorsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z1M5O95ntLmd" title="Common stock, price per share">0.0001</span> par value (the “Founder Shares”). Up to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJlbGF0ZWQgUGFydHkgVHJhbnNhY3Rpb25zIChEZXRhaWxzIE5hcnJhdGl2ZSkA" id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zNjxzZRmzjid" title="Number of shares subject to forfeiture">1,000,000</span> of the Founder Shares were subject to forfeiture for no consideration depending on the extent to which the underwriters’ over-allotment option is exercised. On February 27, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As a result of the underwriters’ election to fully exercise their over-allotment option, the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJlbGF0ZWQgUGFydHkgVHJhbnNhY3Rpb25zIChEZXRhaWxzIE5hcnJhdGl2ZSkA" id="xdx_907_ecustom--StockIssuedDuringThePeriodNoLongerSubjectToForfeiture_c20260227__20260227__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_z2qSNWHWlTP7" title="Number of shares, no longer subject to forfeiture">1,000,000</span> Founder Shares are no longer subject to forfeiture.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Insiders have agreed not to transfer, assign or sell any of their Founder Shares and any Class A ordinary shares issued upon conversion thereof until the earlier to occur of (i) one year after the completion of the initial Business Combination or (ii) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial shareholders with respect to any Founder Shares (the “Lock-up”). Notwithstanding the foregoing, if the closing price of the Class A ordinary shares equals or exceeds $<span id="xdx_903_ecustom--ClosingPriceOfOrdinaryShareEqualOrExceed_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zdkAmjHjBqq8" title="Closing price of equals or exceeds">12.00</span> per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any <span id="xdx_90A_ecustom--NumberOfTradingDaysOfBusinessCombination_dtD_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zdWjjKDdv2Kc" title="Number of trading days of business combination">20</span> trading days within any <span id="xdx_907_ecustom--AfterInitialBusinessCombinationOfTradingDays_dtD_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zvSucyEBbcA8" title="After initial business combination of trading days">30</span>-trading day period commencing at least <span id="xdx_90E_ecustom--TradingDaysWithinAnySpecifiedTradingDayPeriodCommences_dtD_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zPje5scZU6Db" title="Trading days within any specified trading day period commences">150</span> days after the initial Business Combination, the Founder Shares will be released from the Lock-up.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Administrative Services Agreement</b> </p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Commencing on February 26, 2026, the Company entered into an agreement with the Sponsor to pay an aggregate of $<span id="xdx_902_eus-gaap--AdministrativeFeesExpense_c20260226__20260226__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeServicesAgreementMember_zjHbyjBD5eMi" title="Administrative fees expense">20,000</span> per month for office space, utilities, and secretarial and administrative support. Upon completion of the initial Business Combination or the liquidation, the Company will cease paying the $<span id="xdx_908_ecustom--TransactionsWithRelatedPartyPerMonth_c20260226__20260226__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeServicesAgreementMember_zjvwjtcVV2Q9" title=" Transactions with related party per month">20,000</span> per month fee. For the three and six months ended May 31, 2026, the Company incurred fees of $<span id="xdx_907_eus-gaap--PaymentsForFees_c20260301__20260531_zbKop8II8rg2" title="Fees for services"><span id="xdx_90A_eus-gaap--PaymentsForFees_c20251201__20260531_zP2VZnBEXlsl" title="Fees for services">60,000</span></span> for these services.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Promissory Note — Related Party</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Sponsor agreed to loan the Company an aggregate of up to $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_iI_c20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--RelatedPartyTransactionAxis__custom--PromissoryNoteWithRelatedPartyMember_zf1yicsnLsKa">250,000</span> to be used for apportion of the expenses of the Initial Public Offering (the “Promissory Note”). The Promissory Note was non-interest bearing, unsecured, and was due at the earlier of (i) June 30, 2026, (ii) the date on which the Company consummates the Initial Public Offering of its securities, or (iii) the date which the Company determines not to proceed with the Initial Public Offering. As of May 31, 2026 and November 30, 2025, the Company had <span id="xdx_906_ecustom--PromissoryNoteRelatedParty_iI_do_c20251130_zQVDymUDJlH8" title="Promissory note, outstanding borrowings"><span id="xdx_900_ecustom--PromissoryNoteRelatedParty_iI_do_c20260531_zB6VpBXPl2Yf" title="Promissory note">no</span></span> outstanding borrowings under the Promissory Note. On March 4, 2026, subsequent to the Initial Public Offering, the Company fully repaid the outstanding borrowings under the Promissory Note. Borrowing against the note is no longer available.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Related Party Loans</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In order to finance transaction costs in connection with an intended initial Business Combination, the Insiders or their affiliates may, but are not obligated to, loan the Company funds as may be required on a non-interest basis. If the Company completes an initial Business Combination, the Company would repay such loaned amounts unless the lender seeks to convert such amounts as described below. In the event that the initial Business Combination does not close, the Company may use amounts held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $<span id="xdx_908_ecustom--MaximumLoansConvertibleIntoWarrants_iI_c20260531__us-gaap--RelatedPartyTransactionAxis__custom--RelatedPartyLoansMember_zRftrp6XEjj1" title="Loan conversion agreement warrant">1,500,000</span> of such loans may be convertible into units of the post business combination entity at a price of $<span id="xdx_906_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_c20260531__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BusinessCombinationMember_zjmj2AQDkJva" title="Conversion price per unit">10.00</span> per Unit at the option of the lender. Such units would be identical to the Private Placement Units. Except as set forth above, the terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans. As of May 31, 2026 and November 30, 2025, <span id="xdx_906_ecustom--WorkingCapitalLoansOutstanding_iI_do_c20260531_zB3IZFD0sgy3" title="Working capital loan, outstanding"><span id="xdx_901_ecustom--WorkingCapitalLoansOutstanding_iI_do_c20251130_zcD1MUFq2kpi" title="Working capital loan, outstanding">no</span></span> such Working Capital Loans were outstanding.</p> 25000 0.003 7666667 0.0001 1000000 1000000 12.00 P20D P30D P150D 20000 20000 60000 60000 250000 0 0 1500000 10.00 0 0 <p id="xdx_803_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zW9qx72mIt5h" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 6 — <span id="xdx_824_zrSSpYMD3X7j">Commitments and Contingencies</span></b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Risks and Uncertainties</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The United States and global markets are experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict, the Israel-Hamas conflict and the US-Iran-Israel conflict. In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”) deployed additional military forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries have announced various sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal of certain financial institutions from the Society for Worldwide Interbank Financial Telecommunication payment system. Certain countries, including the United States, have also provided and may continue to provide military aid or other assistance to Ukraine and to Israel, increasing geopolitical tensions among a number of nations. The invasion of Ukraine by Russia and the Israel-Hamas conflict and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the United Kingdom, the European Union, Israel and its neighboring states and other countries have created global security concerns that could have a lasting impact on regional and global economies. Although the length and impact of the ongoing conflicts are highly unpredictable, they could lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply chain interruptions and increased cyberattacks against U.S. companies. Additionally, any resulting sanctions could adversely affect the global economy and financial markets and lead to instability and lack of liquidity in capital markets.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”). FASB ASC 740, “Income Taxes”, requires the effects of changes in tax laws to be recognized in the period in which the legislation is enacted. The Company is currently evaluating the impact of the new law. However, none of the tax provisions are expected to have a significant impact on the Company’s unaudited condensed financial statements.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any of the above mentioned factors, or any other negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine, the Israel-Hamas conflict, the US-Iran-Israel conflict and subsequent sanctions or related actions, could adversely affect the Company’s search for an initial Business Combination and any target business with which the Company may ultimately consummate an initial Business Combination.</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Registration Rights</b></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The holders of the (i) Founder Shares, which were issued in a private placement prior to the closing of the Initial Public Offering, (ii) Private Placement Units (and the securities comprising such Units and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants) which were issued in a private placement simultaneously with the closing of the Initial Public Offering and (iii) units (and the securities comprising such nits) that may be issued upon conversion of Working Capital Loans have registration rights to require the Company to register the resale of such securities held by them and any other securities of the Company acquired by them prior to the consummation of an initial Business Combination pursuant to a registration rights agreement signed on February 26, 2026.</p> <p style="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The holders of these securities are entitled to make up to three demands that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of an initial Business Combination. Notwithstanding anything to the contrary, BTIG, LLC may only make a demand on one occasion and only during the five-year period beginning on February 26, 2026. In addition, BTIG, LLC may participate in a “piggy-back” registration only during the seven-year period beginning on February 26, 2026. The Company will bear the expenses incurred in connection with the filing of any such registration statements. </p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Underwriting Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company granted the underwriters a 45-day option from the date of the Initial Public Offering to purchase up to an additional <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20251201__20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__us-gaap--TypeOfArrangementAxis__custom--UnderwritingAgreementMember_zQHVTjW1lYL7" title="Number of units sold">3,000,000</span> units to cover over-allotments, if any. On February 27, 2026, the underwriters exercised their over-allotment option, closing on the <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20260227__20260227__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__us-gaap--TypeOfArrangementAxis__custom--UnderwritingAgreementMember_z84lf8WDAzqh" title="Underwriters exercised shares">3,000,000</span> additional Units simultaneously with the Initial Public Offering.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The underwriters were paid a cash underwriting discount of $<span id="xdx_908_ecustom--UnderwriterCashDiscount_c20251201__20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--TypeOfArrangementAxis__custom--UnderwritingAgreementMember_zX7l2aIV1Fcg" title=" Cash underwriting discount">4,600,000</span> upon the closing of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting discount of $<span id="xdx_902_ecustom--DeferredUnderwritingDiscount_c20251201__20260531__us-gaap--TypeOfArrangementAxis__custom--UnderwritingAgreementMember_zTSPGCGCgb5g" title="Deferred underwriting discount">8,050,000</span> in the aggregate, payable to BTIG, LLC which was deposited in the Trust Account and will be released to BTIG, LLC only upon the completion of an initial Business Combination. The deferred underwriting commissions will be payable as follows: (i) $<span id="xdx_902_ecustom--CashUnderwritingDiscountPerUnit_iI_pip0_c20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__us-gaap--TypeOfArrangementAxis__custom--UnderwritingAgreementMember_zBzkrWvTAIJb" title="Cash underwriting discount per unit">0.15</span> per Unit sold in the Initial Public Offering will be paid to BTIG, LLC in cash upon the closing of the initial Business Combination, (ii) up to $<span id="xdx_900_eus-gaap--SaleOfStockPricePerShare_iI_c20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BTIGLLCMember_zvmpxRoI4TNd" title="Number of units issued price per share">0.10</span> per unit sold in the Initial Public Offering will be payable to BTIG, LLC in cash, based on the percentage of Public Shares outstanding immediately prior to the consummation of the initial Business Combination net of Public Shares submitted for redemption and net of any Public Shares held by public shareholders that have entered into forward purchase agreements or other arrangements whereby the Company has a contractual obligation to repurchase such shares after the closing of the initial Business Combination and (iii) up to $<span id="xdx_903_eus-gaap--SaleOfStockPricePerShare_iI_c20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--TypeOfArrangementAxis__custom--UnderwritingAgreementMember_zv5FHoolbJc9" title="Sale of stock, price per share">0.10</span> per unit sold in the Initial Public Offering shall be paid to BTIG in cash (the “Allocable Amount”), provided that the Company has the right, in the sole and absolute discretion, to reallocate any portion of the Allocable Amount to third parties not participating in the Initial Public Offering (but who are members of FINRA) that assist the Company in consummating the initial Business Combination.</p> 3000000 3000000 4600000 8050000 0.15 0.10 0.10 <p id="xdx_80E_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zmbddxZ6dDYd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 7 — <span>Shareholder’s Equity (Deficit)</span></b><span id="xdx_822_zIoM2lejbIkg" style="display: none">Shareholder’s Equity (Deficit)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Preference Shares</i></b> — The Company is authorized to issue a total of <span id="xdx_906_eus-gaap--PreferredStockSharesAuthorized_iI_c20260531_zJWJc8mWo1n1" title="Preference shares, authorized">1,000,000</span> preference shares at par value of $<span id="xdx_903_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_c20260531_zRfYZ3cprMjc" title="Preference shares, par value">0.0001</span> each. As of May 31, 2026 and November 30, 2025, there were <span id="xdx_90E_eus-gaap--PreferredStockSharesOutstanding_iI_do_c20251130_zQ9IvsG4R9Ka" title="Preference shares, outstanding"><span id="xdx_907_eus-gaap--PreferredStockSharesOutstanding_iI_do_c20260531_zehP49AjlAJ6" title="Preference shares, outstanding"><span id="xdx_90E_eus-gaap--PreferredStockSharesIssued_iI_do_c20260531_zJtuq1nV5dkf" title="Preference shares, issued"><span id="xdx_901_eus-gaap--PreferredStockSharesIssued_iI_do_c20251130_zYLy8B7aPdEc" title="Preference shares, issued">no</span></span></span></span> preference shares issued or outstanding. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Class A Ordinary Shares</i></b> — The Company is authorized to issue a total of <span id="xdx_909_eus-gaap--CommonStockSharesAuthorized_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zEj12cQfmhrd" title="Ordinary shares, authorized">200,000,000</span> Class A ordinary shares at par value of $0.0001 each. As of May 31, 2026 and November 30, 2025, there were <span id="xdx_906_eus-gaap--CommonStockSharesIssued_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zDsUWlQx9l5b" title="Ordinary shares, issued"><span id="xdx_900_eus-gaap--CommonStockSharesOutstanding_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zKZmm7WInxZk" title="Ordinary shares, outstanding">625,000</span></span> Class A ordinary shares issued or outstanding (excluding <span id="xdx_902_eus-gaap--TemporaryEquitySharesIssued_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zEa6SDUtujEf" title="Subject to possible redemption shares (in Shares)">23,000,000</span> shares subject to possible redemption as of May 31, 2026).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Class B Ordinary Shares</i></b> — The Company is authorized to issue a total of <span id="xdx_903_eus-gaap--CommonStockSharesAuthorized_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zqNnBBPHLOi6" title="Ordinary shares, authorized">20,000,000</span> Class B ordinary shares at par value of $<span id="xdx_90B_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zC6scQnQNAI8" title="Ordinary shares, par value">0.0001</span> each. As of May 31, 2026 and November 30, 2025, the Company had issued <span id="xdx_906_eus-gaap--CommonStockSharesIssued_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zBH55Cjqpir5">7,666,667</span> Class B ordinary shares to the Initial Shareholders for $<span id="xdx_908_eus-gaap--StockIssued1_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zTcNlIjiNH9j" title="Initial Shareholders"><span id="xdx_904_eus-gaap--StockIssued1_c20251130__20251130__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_znfVusMPM4Hd" title="Initial Shareholders">25,000</span></span>, or approximately $<span id="xdx_902_eus-gaap--SharesIssuedPricePerShare_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zmugZwNSrYK9" title="Share price per share"><span id="xdx_905_eus-gaap--SharesIssuedPricePerShare_iI_c20251130__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z2K6VM4njMLg" title="Share price per share">0.003</span></span> per share. The Founder Shares include an aggregate of up to <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNoYXJlaG9sZGVyknMgRXF1aXR5IChEZWZpY2l0KSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_z1K6Hz3jsxij" title="Number of shares subject to forfeiture">1,000,000</span> Founder Shares subject to forfeiture if the over-allotment option is not exercised by the underwriters in full. On February 27, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As a result, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFNoYXJlaG9sZGVyknMgRXF1aXR5IChEZWZpY2l0KSAoRGV0YWlscyBOYXJyYXRpdmUpAA__" id="xdx_90E_ecustom--StockIssuedDuringThePeriodNoLongerSubjectToForfeiture_c20260227__20260227__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zNlNzHSVl9H9" title="Number of shares, no longer subject to forfeiture">1,000,000</span> Founder Shares are no longer subject to forfeiture.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Founder Shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of an initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in the Initial Public Offering and related to or in connection with the closing of the initial business combination, the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, <span id="xdx_901_ecustom--PercentageOfOrdinaryOutstanding_dp_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zIUEeKj9Nn4l">25</span>% of the sum of (i) the total number of all Class A ordinary shares outstanding upon the completion of the Initial Public Offering (including any Class A ordinary shares issued pursuant to the underwriters’ over-allotment option and excluding the Class A ordinary shares comprising part of the Private Placement Units and the Class A ordinary shares underlying the Private Placement Warrants), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with the closing of the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent units issued to the Sponsor or any of its affiliates or to the Company’s officers or directors upon conversion of Working Capital Loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection with an initial Business Combination and any Class A ordinary shares redeemed by public shareholders in connection with any amendment to the amended and restated memorandum and articles of association made prior to the consummation of the initial business combination (A) to modify the substance or timing of the obligation to allow redemption in connection with the initial Business Combination or to redeem <span id="xdx_90E_ecustom--BusinessCombinationRedemptionOfShares_dp_c20251201__20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zHDF2njE7ra2" title="Business combination redemption of shares">100</span>% of the Public Shares if the Company does not complete the initial business combination within the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-business combination activity; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders of record of the Company’s Class A ordinary shares and Class B ordinary shares are entitled to <span id="xdx_90F_eus-gaap--CommonStockVotingRights_c20251201__20260531_zHlzC8YK7Eyk" title="Common stock, voting rights">one</span> vote for each share held on all matters to be voted on by shareholders. Unless specified in the Company’s amended and restated memorandum and articles of association or as required by the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and the Company’s amended and restated memorandum and articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by the Company’s shareholders. Approval of certain actions require a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and pursuant to the Company’s amended and restated memorandum and articles of association, such actions include amending the Company’s amended and restated memorandum and articles of association and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect to the appointment of directors, meaning, following the Company’s initial Business Combination, the holders of more than <span id="xdx_90D_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_c20260531__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_zKyAkgWejZEj" title="Business combination, voting equity interest acquired, percentage">50</span>% of the Company’s ordinary shares voted for the appointment of directors can elect all of the directors. Prior to the consummation of an initial Business Combination, only holders of the Company’s Class B ordinary shares will (i) have the right to vote on the appointment and removal of directors and (ii) be entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend the constitutional documents or to adopt new constitutional documents, in each case, as a result of approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Company’s Class A ordinary shares will not be entitled to vote on these matters during such time. These provisions of the Company’s amended and restated memorandum and articles of association may only be amended if approved by a special resolution passed by the affirmative vote of at least <span id="xdx_900_ecustom--PercentageOfAffirmativeVote_dp_c20251201__20260531__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_z7IRCSyjZgZ8" title="Percentage of affirmative vote">90</span>% (or, where such amendment is proposed in respect of the consummation of an initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Warrants</b> — As of May 31, 2026, there were <span id="xdx_902_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_do_c20260531_zttDXPh17la9" title="Class of warrant outstanding">7,875,000</span> Warrants outstanding including <span id="xdx_901_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_c20260531__us-gaap--SubsidiarySaleOfStockAxis__custom--PublicWarrantsMember_zy9Lk2pjLjFg" title="Class of warrant outstanding">7,666,667</span> Public Warrants and <span id="xdx_904_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_c20260531__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zSfoPs4NXmj7" title="Class of warrant outstanding">208,333</span> Private Placement Warrants. Each whole Warrant entitles the holder to purchase one Class A ordinary share at a price of $<span id="xdx_90A_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_c20260531__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--NoteWarrantMember_zmuhsZ5KfMJe" title="Class of warrant or right, exercise price of warrants or rights">11.50</span> per share, subject to adjustment as discussed herein. The Warrants cannot be exercised until the later of 12 months from the closing of the Initial Public Offering and 30 days after the completion of the initial Business Combination, and will expire at 5:00 p.m., New York City time, five years after the completion of the initial Business Combination or earlier upon redemption or liquidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Warrant and will have no obligation to settle such Warrant exercise unless a registration statement under the Securities Act with respect to the Class A ordinary shares underlying the Warrants is then effective and a prospectus relating thereto is current. No Warrant will be exercisable and the Company will not be obligated to issue a Class A ordinary share upon exercise of a Warrant unless the Class A ordinary share issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant will not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless. In no event will the Company be required to net cash settle any Warrant. In the event that a registration statement is not effective for the exercised Warrants, the purchaser of a Unit containing such Warrant will have paid the full purchase price for the Unit solely for the Class A ordinary share underlying such Unit.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the terms of the warrant agreement, the Company has agreed that, as soon as practicable, it will use commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement for the Initial Public Offering or a new registration statement covering the registration under the Securities Act of the Class A ordinary shares issuable upon exercise of the Warrants and thereafter will use its commercially reasonable efforts to cause the same to become effective within <span id="xdx_907_ecustom--MaximumPeriodAfterBusinessCombinationInWhichToFileRegistrationStatement_dtD_c20251201__20260531_zaSAcpbfQSRc" title="Business days, after the closing of its business combination">60</span> business days following the Company’s initial Business Combination and to maintain a current prospectus relating to the Class A ordinary shares issuable upon exercise of the Warrants until the expiration of the Warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the Warrants is not effective by the sixtieth (<span id="xdx_906_ecustom--PeriodOfTimeWithinWhichRegistrationStatementIsExpectedToBecomeEffective_dtD_c20251201__20260531_z7nbvV5lgFPf" title="Not effective, number of business days">60</span>th) business day after the closing of the initial Business Combination, Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the Class A ordinary shares are at the time of any exercise of a Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, and in the event the Company does not so elect, the Company will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the holders exercise their Public Warrants on a cashless basis, they would pay the warrant exercise price by surrendering the warrants for that number of Class A ordinary shares equal to the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying the warrants, multiplied by the excess of the “fair market value” of the Class A ordinary shares over the exercise price of the warrants by (y) the fair market value. The “fair market value” is the average reported closing price of the Class A ordinary shares for the 10 trading days ending on the third trading day prior to the date on which the notice of exercise is received by the warrant agent or on which the notice of redemption is sent to the holders of warrants, as applicable. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Redemption of Warrants</i>: The Company may redeem the outstanding Warrants:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.2in; padding-right: 0pt; text-align: justify; font-size: 12pt"> </td> <td style="width: 0.2in; padding-right: 0pt; text-align: justify; font-size: 12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify; font-size: 12pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in whole and not in part;</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.2in; padding-right: 0pt; text-align: justify"> </td> <td style="width: 0.2in; padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">at a price of $<span id="xdx_903_eus-gaap--SharesIssuedPricePerShare_iI_c20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--RedemptionofWarrantsMember_zoMPWW6vI6v7" title="Number of units issued price per share">0.01</span> per Warrant;</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 10pt"> <tr style="vertical-align: top"> <td style="width: 0.2in; padding-right: 0pt; text-align: justify"> </td> <td style="width: 0.2in; padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">upon a minimum of 30 days’ prior written notice of redemption (the “30-day redemption period”); and</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.2in; padding-right: 0pt; text-align: justify"> </td> <td style="width: 0.2in; padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">if, and only if, the closing price of the Class A ordinary shares equals or exceeds $<span id="xdx_906_ecustom--ClassOfWarrantOrRightExercisableEntityMayRedeemRedemptionCommonStockLastSalePriceThresholdMustExceed_c20251201__20260531_z8g5dUi1Icib">18.00</span> per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a Warrant) for any <span id="xdx_901_ecustom--ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays_dtD_c20251201__20260531_zoBEwgDZnJ6i" title="Number of trading days">20</span> trading days within a <span id="xdx_904_ecustom--ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdConsecutiveTradingDays_dtD_c20251201__20260531_zzPi3gUS6d27">30</span>-trading day period commencing at least 30 days after completion of the Company’s initial Business Combination and ending three business days before the Company sends the notice of redemption to the Warrant holders.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, if the number of outstanding Class A ordinary shares is increased by a share capitalization payable in Class A ordinary shares, or by a subdivision of ordinary shares or other similar event, then, on the effective date of such share capitalization, subdivision or similar event, the number of Class A ordinary shares issuable on exercise of each Warrant will be increased in proportion to such increase in the outstanding ordinary shares. A rights offering made to all or substantially all holders of ordinary shares entitling holders to purchase Class A ordinary shares at a price less than the fair market value will be deemed a share capitalization of a number of Class A ordinary shares equal to the product of (i) the number of Class A ordinary shares actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for Class A ordinary shares) and (ii) the quotient of (x) the price per Class A ordinary share paid in such rights offering and (y) the fair market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Class A ordinary shares, in determining the price payable for Class A ordinary shares, there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market value means the volume weighted average price of Class A ordinary shares as reported during the ten (10) trading day period ending on the trading day prior to the first date on which the Class A ordinary shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights.</p> 1000000 0.0001 0 0 0 0 200000000 625000 625000 23000000 20000000 0.0001 7666667 25000 25000 0.003 0.003 1000000 1000000 0.25 1 one 0.50 0.90 7875000 7666667 208333 11.50 P60D P60D 0.01 18.00 P20D P30D <p id="xdx_800_eus-gaap--SegmentReportingDisclosureTextBlock_z4WLqCdxwjpa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 8 — <span id="xdx_827_zOQ85IVKCMy7">Segment Information</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FASB ASC Topic 280, “Segment Reporting”, establishes standards for companies to report, in their unaudited condensed financial statements, information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has<span id="xdx_90E_eus-gaap--NumberOfReportableSegments_uSegment_c20251201__20260531_zzRPJNkix4ej" style="display: none" title="Number of reportable segment">1</span> one reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The measure of segment assets is reported on the condensed balance sheets as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_z7LcxP4D0Xc6" style="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segment Information - Schedule of key metrics reviewed to evaluate company's performance (Details)"> <tr style="display: none; vertical-align: bottom"> <td style="display: none"><span id="xdx_8B1_z3EqMurnID6c" style="display: none">Schedule of key metrics reviewed to evaluate company’s performance</span></td><td style="display: none; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260531_zOgu2zky7CGc" style="border-bottom: Black 1pt solid; display: none; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="display: none; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20251130_z8sSABu8hAgk" style="border-bottom: Black 1pt solid; display: none; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">May 31,<br/> 2026</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">November 30,<br/> 2025</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_zJ7sMYlkazL7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; font-size: 10pt; text-align: left">Cash equivalents</td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">824,832</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0823">—</span></td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--MarketableSecuritiesNoncurrent_iI_zPgD3lvn1jfk" style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left">Marketable Securities held in Trust Account</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">232,037,464</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0826">—</span></td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredOfferingCosts_iI_zUHA6o4fefB4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Deferred offering costs</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0828">—</span></td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">32,300</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; font-size: 10pt; text-align: left"> </td><td style="display: none; font-size: 10pt"> </td> <td style="display: none; font-size: 10pt; text-align: left"> </td><td id="xdx_49F_20260301__20260531_zomiadhZNTRd" style="display: none; font-size: 10pt; text-align: right"> </td><td style="display: none; font-size: 10pt; text-align: left"> </td><td style="display: none; font-size: 10pt"> </td> <td style="display: none; font-size: 10pt; text-align: left"> </td><td id="xdx_490_20251201__20260531_zpHZlqnliM7l" style="display: none; font-size: 10pt; text-align: right"> </td><td style="display: none; font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center">For the Three Months<br/> Ended May 31,<br/> 2026</td><td style="white-space: nowrap; padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="white-space: nowrap; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center">For the Six Months<br/> Ended May 31,<br/> 2026</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--GeneralAndAdministrativeExpense_z05kduAUuwi1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; font-size: 10pt; text-align: left">Formation, general and administrative costs</td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">181,320</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">268,913</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--FeeIncome_zGOZ3xz6Bmf9" style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left">Referral fee income</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">69,000</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">69,000</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--InvestmentIncomeInterest_zCjBnGTuWDYj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Interest earned on marketable securities held in Trust Account</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">2,037,464</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">2,037,464</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zRw8mePljUn4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The CODM reviews formation, general and administrative costs to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar transaction within the Business Combination period. The CODM also reviews formation, general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Formation, general and administrative costs, as reported on the statements of operations, are the significant segment information provided to the CODM on a regular basis. All other segment items included in net income or loss are reported on the statements of operations and described within their respective disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The CODM reviews the position of total assets as reported in the Company’s condensed balance sheets to assess if the Company has sufficient resources available to discharge its liabilities. The CODM is provided with details of cash and liquid resources available with the Company. Additionally, the CODM regularly reviews the status of deferred costs incurred to assess if these are in line with the planned use of proceeds to be raised from the public offering.</p> 1 <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_z7LcxP4D0Xc6" style="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segment Information - Schedule of key metrics reviewed to evaluate company's performance (Details)"> <tr style="display: none; vertical-align: bottom"> <td style="display: none"><span id="xdx_8B1_z3EqMurnID6c" style="display: none">Schedule of key metrics reviewed to evaluate company’s performance</span></td><td style="display: none; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260531_zOgu2zky7CGc" style="border-bottom: Black 1pt solid; display: none; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="display: none; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20251130_z8sSABu8hAgk" style="border-bottom: Black 1pt solid; display: none; font-size: 10pt; font-weight: bold; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">May 31,<br/> 2026</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">November 30,<br/> 2025</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_zJ7sMYlkazL7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; font-size: 10pt; text-align: left">Cash equivalents</td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">824,832</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0823">—</span></td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--MarketableSecuritiesNoncurrent_iI_zPgD3lvn1jfk" style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left">Marketable Securities held in Trust Account</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">232,037,464</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0826">—</span></td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredOfferingCosts_iI_zUHA6o4fefB4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Deferred offering costs</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0828">—</span></td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">32,300</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; font-size: 10pt; text-align: left"> </td><td style="display: none; font-size: 10pt"> </td> <td style="display: none; font-size: 10pt; text-align: left"> </td><td id="xdx_49F_20260301__20260531_zomiadhZNTRd" style="display: none; font-size: 10pt; text-align: right"> </td><td style="display: none; font-size: 10pt; text-align: left"> </td><td style="display: none; font-size: 10pt"> </td> <td style="display: none; font-size: 10pt; text-align: left"> </td><td id="xdx_490_20251201__20260531_zpHZlqnliM7l" style="display: none; font-size: 10pt; text-align: right"> </td><td style="display: none; font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center">For the Three Months<br/> Ended May 31,<br/> 2026</td><td style="white-space: nowrap; padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td><td style="white-space: nowrap; font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center">For the Six Months<br/> Ended May 31,<br/> 2026</td><td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--GeneralAndAdministrativeExpense_z05kduAUuwi1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; font-size: 10pt; text-align: left">Formation, general and administrative costs</td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">181,320</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">268,913</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--FeeIncome_zGOZ3xz6Bmf9" style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: left">Referral fee income</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">69,000</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">69,000</td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--InvestmentIncomeInterest_zCjBnGTuWDYj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left">Interest earned on marketable securities held in Trust Account</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">2,037,464</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">2,037,464</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> 824832 232037464 32300 181320 268913 69000 69000 2037464 2037464 <p id="xdx_803_eus-gaap--FairValueDisclosuresTextBlock_z45CfCYN9An7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Note 9 — <span id="xdx_829_zLX3UwJ6lJBa">Fair Value Measurements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fair value is defined as the price that would be received for sale of an asset or paid to transfer of a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 10pt"> <tr style="font-size: 10pt; vertical-align: top"> <td style="font-size: 10pt; width: 0.2in; text-align: justify"> </td> <td style="font-size: 10pt; width: 0.2in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font-size: 10pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 10pt"> <tr style="font-size: 10pt; vertical-align: top"> <td style="font-size: 10pt; width: 0.2in; text-align: justify"> </td> <td style="font-size: 10pt; width: 0.2in; padding-right: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font-size: 10pt; padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; margin-bottom: 0pt"> <tr style="font-size: 10pt; vertical-align: top"> <td style="font-size: 10pt; width: 0.2in; text-align: justify"> </td> <td style="font-size: 10pt; width: 0.2in; padding-right: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font-size: 10pt; padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At May 31, 2026, assets held in the Trust Account were $<span id="xdx_902_eus-gaap--AssetsHeldInTrustCurrent_iI_c20260531__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zv6FFFOOcd6i" title="Assets held in trust account">232,037,464</span> in money market funds which are invested primarily in U.S. Treasury Securities. The following table presents information about the Company’s assets that are measured at fair value at May 31, 2026 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_88B_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisTextBlock_z6eunL4RZNZe" style="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details)"> <tr style="display: none; vertical-align: bottom"> <td style="display: none"><p style="display: none"><span id="xdx_8B6_zivKs2tGoay2" style="display: none">Schedule of assets measured at fair value on a hierarchy of the valuation</span></p></td><td style="display: none; font-size: 10pt; padding-bottom: 1pt"> </td> <td style="display: none; font-size: 10pt; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt"> </td><td style="display: none; font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="2" style="display: none; font-size: 10pt; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td><b> </b><span id="xdx_918_eus-gaap--FairValueInputsLevel1Member_zUwS5FaxLLnj" style="display: none">Level 1 [Member]</span></td><td style="font-size: 10pt; padding-bottom: 1pt"><b> </b></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><b>Level</b></td><td style="padding-bottom: 1pt; font-size: 10pt"><b> </b></td><td style="font-size: 10pt; padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><b>May 31,<br/> 2026</b></td><td style="padding-bottom: 1pt; font-size: 10pt"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 75%; font-size: 10pt; text-align: left; text-indent: -7.25pt; padding-left: 7.25pt">Marketable Securities held in Trust Account – U.S. Treasury Securities Money Market Fund</td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 10%; font-size: 10pt; text-align: center">1</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td id="xdx_98C_eus-gaap--MarketableSecuritiesNoncurrent_iI_c20260531__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zGSWBAk1kc9g" style="width: 10%; font-size: 10pt; text-align: right">232,037,464</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The fair value of the Public Warrants was $<span id="xdx_90F_eus-gaap--AdjustmentsToAdditionalPaidInCapitalWarrantIssued_c20251201__20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_z9wwozpQtBnb" title="Fair value of public warrants">2,990,000</span> or $<span id="xdx_909_ecustom--FairValueOfWarrantPricePerShare_iI_c20260531__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zSq8Ja7VVdM1" title="Fair value of warrant price per share (in Dollars per share)">0.39</span> per Public Warrant. The initial measurement of fair value of Public Warrants was determined using Monte Carlo Simulation Model. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants: </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_91D_eus-gaap--USTreasurySecuritiesMember_za4Nwfsz3Ve6" style="display: none">U.S. Treasury Securities Money Market Fund[Member]</span></p> <table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zPCrr6iqlfs1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements - Schedule of Quantitative Information Regarding Market Assumptions Used in the Valuation of the Public Warrants (Details)"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: left"><p style="display: none"><span id="xdx_8BB_zsEiSCdb4Jfc" style="display: none">Schedule of quantitative information regarding market assumptions used in the Level 3 valuation of the public warrants</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 12pt"> <span id="xdx_919_eus-gaap--FairValueInputsLevel3Member_z5MZBHW66XJc" style="display: none">Level 3 [Member]</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 2,<br/> 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 87%; text-align: left">Expected term to de-SPAC (years) <span id="xdx_910_eus-gaap--MeasurementInputExpectedTermMember_zd25tjWU2kT1" style="display: none">Expected term to de-SPAC (years) [Member]</span></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pp0d_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_z2Ap09XsMnTa" style="width: 10%; text-align: right">2.0</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Probability of de-SPAC and market adjustment <span id="xdx_91D_eus-gaap--MeasurementInputComparabilityAdjustmentMember_zPhKbIFQ4Uxb" style="display: none">Probability of de-SPAC and market adjustment [Member]</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputComparabilityAdjustmentMember_zBuAFJAi1x05" style="text-align: right">35.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Risk-free rate (continuous) <span id="xdx_914_eus-gaap--MeasurementInputRiskFreeInterestRateMember_zvAMi7wpZRO7" style="display: none">Risk-free rate (continuous) [Member]</span> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z3yBLydKx4fl" style="text-align: right">3.78</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom"> <td>Implied Class A share price <span id="xdx_91A_eus-gaap--MeasurementInputSharePriceMember_zJl05GwVDMt3" style="display: none">Implied Class A share price [Member]</span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputSharePriceMember_zUpZeCwHvxhk" style="text-align: right">9.87</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercise price <span id="xdx_916_eus-gaap--MeasurementInputExercisePriceMember_zugBQL5WHRg1" style="display: none">Exercise price [Member]</span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExercisePriceMember_z2FzIg6BpTa8" style="text-align: right">11.50</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Simulation term (years) <span id="xdx_91A_eus-gaap--MeasurementInputMaturityMember_zgOXJ0mRSPdd" style="display: none">Simulation term (years) [Member]</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputMaturityMember_zcAJpEaNoKyg" style="text-align: right">7.0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Selected volatility <span id="xdx_917_eus-gaap--MeasurementInputPriceVolatilityMember_zWz0D2XYeaz6" style="display: none">Selected volatility [Member]</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_za9bWCQ9KhM9" style="text-align: right">4.0</td><td style="text-align: left">%</td></tr> </table> 232037464 <table cellpadding="0" cellspacing="0" id="xdx_88B_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisTextBlock_z6eunL4RZNZe" style="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details)"> <tr style="display: none; vertical-align: bottom"> <td style="display: none"><p style="display: none"><span id="xdx_8B6_zivKs2tGoay2" style="display: none">Schedule of assets measured at fair value on a hierarchy of the valuation</span></p></td><td style="display: none; font-size: 10pt; padding-bottom: 1pt"> </td> <td style="display: none; font-size: 10pt; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt"> </td><td style="display: none; font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="2" style="display: none; font-size: 10pt; text-align: center"> </td><td style="display: none; padding-bottom: 1pt; font-size: 10pt"> </td></tr> <tr style="vertical-align: bottom"> <td><b> </b><span id="xdx_918_eus-gaap--FairValueInputsLevel1Member_zUwS5FaxLLnj" style="display: none">Level 1 [Member]</span></td><td style="font-size: 10pt; padding-bottom: 1pt"><b> </b></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><b>Level</b></td><td style="padding-bottom: 1pt; font-size: 10pt"><b> </b></td><td style="font-size: 10pt; padding-bottom: 1pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><b>May 31,<br/> 2026</b></td><td style="padding-bottom: 1pt; font-size: 10pt"><b> </b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 75%; font-size: 10pt; text-align: left; text-indent: -7.25pt; padding-left: 7.25pt">Marketable Securities held in Trust Account – U.S. Treasury Securities Money Market Fund</td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 10%; font-size: 10pt; text-align: center">1</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td id="xdx_98C_eus-gaap--MarketableSecuritiesNoncurrent_iI_c20260531__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zGSWBAk1kc9g" style="width: 10%; font-size: 10pt; text-align: right">232,037,464</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> </table> 232037464 2990000 0.39 <table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zPCrr6iqlfs1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements - Schedule of Quantitative Information Regarding Market Assumptions Used in the Valuation of the Public Warrants (Details)"> <tr style="display: none; vertical-align: bottom"> <td style="display: none; text-align: left"><p style="display: none"><span id="xdx_8BB_zsEiSCdb4Jfc" style="display: none">Schedule of quantitative information regarding market assumptions used in the Level 3 valuation of the public warrants</span></p></td><td style="display: none"> </td> <td style="display: none; text-align: left"> </td><td style="display: none; text-align: right"> </td><td style="display: none; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 12pt"> <span id="xdx_919_eus-gaap--FairValueInputsLevel3Member_z5MZBHW66XJc" style="display: none">Level 3 [Member]</span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 2,<br/> 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 87%; text-align: left">Expected term to de-SPAC (years) <span id="xdx_910_eus-gaap--MeasurementInputExpectedTermMember_zd25tjWU2kT1" style="display: none">Expected term to de-SPAC (years) [Member]</span></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_pp0d_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExpectedTermMember_z2Ap09XsMnTa" style="width: 10%; text-align: right">2.0</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Probability of de-SPAC and market adjustment <span id="xdx_91D_eus-gaap--MeasurementInputComparabilityAdjustmentMember_zPhKbIFQ4Uxb" style="display: none">Probability of de-SPAC and market adjustment [Member]</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputComparabilityAdjustmentMember_zBuAFJAi1x05" style="text-align: right">35.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Risk-free rate (continuous) <span id="xdx_914_eus-gaap--MeasurementInputRiskFreeInterestRateMember_zvAMi7wpZRO7" style="display: none">Risk-free rate (continuous) [Member]</span> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputRiskFreeInterestRateMember_z3yBLydKx4fl" style="text-align: right">3.78</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom"> <td>Implied Class A share price <span id="xdx_91A_eus-gaap--MeasurementInputSharePriceMember_zJl05GwVDMt3" style="display: none">Implied Class A share price [Member]</span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputSharePriceMember_zUpZeCwHvxhk" style="text-align: right">9.87</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercise price <span id="xdx_916_eus-gaap--MeasurementInputExercisePriceMember_zugBQL5WHRg1" style="display: none">Exercise price [Member]</span></td><td> </td> <td style="text-align: left">$</td><td id="xdx_985_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputExercisePriceMember_z2FzIg6BpTa8" style="text-align: right">11.50</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Simulation term (years) <span id="xdx_91A_eus-gaap--MeasurementInputMaturityMember_zgOXJ0mRSPdd" style="display: none">Simulation term (years) [Member]</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputMaturityMember_zcAJpEaNoKyg" style="text-align: right">7.0</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Selected volatility <span id="xdx_917_eus-gaap--MeasurementInputPriceVolatilityMember_zWz0D2XYeaz6" style="display: none">Selected volatility [Member]</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--WarrantsAndRightsOutstandingMeasurementInput_iI_uDecimal_c20260302__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember_za9bWCQ9KhM9" style="text-align: right">4.0</td><td style="text-align: left">%</td></tr> </table> 2.0 35.0 3.78 9.87 11.50 7.0 4.0 <p id="xdx_801_eus-gaap--SubsequentEventsTextBlock_ziFaGMeSd8J6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 10 — <span id="xdx_826_znj2abdfdsMi">Subsequent Events</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements.</p> During the quarter ended May 31, 2026, no director or officer <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEluc2lkZXIgVHJhZGluZyBBcnJhbmdlbWVudHMA" id="xdx_905_eecd--NonRule10b51ArrAdoptedFlag_dbF_c20251201__20260531_zRkrLgqEHfA6" title="Non-Rule 10b5-1 Arrangement Adopted"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEluc2lkZXIgVHJhZGluZyBBcnJhbmdlbWVudHMA" id="xdx_90A_eecd--Rule10b51ArrAdoptedFlag_dbF_c20251201__20260531_zz3zIbQxKZw1" title="Rule 10b5-1 Arrangement Adopted">adopted</span></span> or <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEluc2lkZXIgVHJhZGluZyBBcnJhbmdlbWVudHMA" id="xdx_90D_eecd--NonRule10b51ArrTrmntdFlag_dbF_c20251201__20260531_zsPKrpYkKIr9" title="Non-Rule 10b5-1 Arrangement Terminated"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIEluc2lkZXIgVHJhZGluZyBBcnJhbmdlbWVudHMA" id="xdx_903_eecd--Rule10b51ArrTrmntdFlag_dbF_c20251201__20260531_zcoZItNlXR02" title="Rule 10b5-1 Arrangement Terminated">terminated</span></span> any (i) “Rule 10b5-1 trading arrangement,” as defined in Item 408(a) of Regulation S-K intending to satisfy the affirmative defense conditions of Rule 10b5–1(c) or (ii) “non-Rule 10b5-1 trading arrangement,” as defined in Item 408(c) of Regulation S-K. false false false false As of November 30, 2025, includes 1,000,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. On February 27, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As a result, the 1,000,000 Founder Shares are no longer subject to forfeiture (Note 7). As of November 30, 2025, includes 1,000,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On February 27, 2026, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As a result, the 1,000,000 Founder Shares are no longer subject to forfeiture (Note 7).