v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted net income (loss) per share of ordinary share

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

Net income for six months ended June 30, 2026

  ​ ​ ​

$

4,016,832

For the six months period ended June 30, 2026

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Basic

 

23,000,000

6,868,214

29,868,214

Ownership percentage

 

77

%  

23

%  

Total income allocated by class

$

3,092,961

$

923,871

$

4,016,832

Less: Accretion allocated based on ownership percentage

 

(3,351,238)

(1,001,019)

(4,352,257)

Plus: Accretion applicable to the redeemable class

 

4,352,257

4,352,257

Total income (loss) by class

$

4,093,980

$

(77,148)

$

4,016,832

Weighted average shares

 

23,000,000

6,868,214

Earnings (loss) per ordinary share - Basic

$

0.18

$

(0.01)

  ​ ​ ​

For the six months period ended June 30, 2026

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Diluted

 

34,500,000

8,221,964

42,721,964

Ownership percentage

 

81

%  

19

%  

Total income allocated by class

$

3,253,634

$

763,198

$

4,016,832

Less: Accretion allocated based on ownership percentage

 

(3,525,328)

(826,929)

(4,352,257)

Plus: Accretion applicable to the redeemable class

 

4,352,257

4,352,257

Total income (loss) by class

$

4,080,563

$

(63,731)

4,016,832

Weighted average shares

 

34,500,000

8,221,964

Earnings (loss) per ordinary share - Diluted

$

0.12

$

(0.008)

The following table reflects the calculation of basic and diluted net income (loss) per share of ordinary share (in dollars, except per share amounts) for the three months ended June 30, 2026;

Net income from April 1, 2026, to June 30, 2026

  ​ ​ ​

$

2,109,887

  ​ ​ ​

For the three months period ended June 30, 2026

  ​ ​ ​

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Basic

23,000,000

6,868,214

29,868,214

Ownership percentage

77

%  

23

%  

Total income allocated by class

$

1,624,613

$

485,274

$

2,109,887

Less: Accretion allocated based on ownership percentage

 

(1,713,735)

(511,895)

(2,225,629)

Plus: Accretion applicable to the redeemable class

 

2,225,629

2,225,629

Total income (loss) by class

$

2,136,508

$

(26,621)

2,109,887

Weighted average shares

 

23,000,000

6,868,214

Earnings (loss) per ordinary share - Basic

$

0.09

$

(0.004)

  ​ ​ ​

For the three months period ended June 30, 2026

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Diluted

 

34,500,000

8,221,964

42,721,964

Ownership percentage

 

81

%  

19

%  

Total income allocated by class

$

1,709,008

$

400,879

$

2,109,887

Less: Accretion allocated based on ownership percentage

 

(1,802,760)

(422,870)

(2,225,629)

Plus: Accretion applicable to the redeemable class

 

2,225,629

2,225,629

Total income (loss) by class

$

2,131,878

$

(21,991)

2,109,887

Weighted average shares

 

34,500,000

8,221,964

Earnings (loss) per ordinary share - Diluted

$

0.06

$

(0.003)

The following table reflects the calculation of basic and diluted net income (loss) per share of ordinary share (in dollars, except per share amounts) for the six months ended June 30, 2025

Net income from January 1, 2025, to June 30, 2025

  ​ ​ ​

$

4,641,489

  ​ ​ ​

For the six months period ended June 30, 2025

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Basic

23,000,000

6,868,214

29,868,214

Ownership percentage

77

%  

23

%  

  ​

Total income allocated by class

$

3,573,947

$

1,067,542

$

4,641,489

Less: Accretion allocated based on ownership percentage

 

(3,782,452)

 

(1,129,823)

 

(4,912,276)

Plus: Accretion applicable to the redeemable class

 

4,912,276

 

 

4,912,276

Total income (loss) by class

$

4,703,770

$

(62,281)

 

4,641,489

Weighted average shares

 

23,000,000

 

6,868,214

 

  ​

Earnings (loss) per ordinary share - Basic

$

0.20

$

(0.009)

 

  ​

  ​ ​ ​

For the six months period ended June 30, 2025

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Diluted

34,500,000

8,221,964

42,721,964

Ownership percentage

81

%  

19

%  

  ​

Total income allocated by class

$

3,759,606

$

881,883

$

4,641,489

Less: Accretion allocated based on ownership percentage

 

(3,978,943)

 

(933,332)

 

(4,912,276)

Plus: Accretion applicable to the redeemable class

 

4,912,276

 

 

4,912,276

Total income (loss) by class

$

4,692,938

$

(51,449)

 

4,641,489

Weighted average shares

 

34,500,000

 

8,221,964

 

  ​

Earnings (loss) per ordinary share - Diluted

$

0.14

$

(0.006)

 

  ​

The following table reflects the calculation of basic and diluted net income (loss) per share of ordinary share (in dollars, except per share amounts) for the three months ended June 30, 2025

Net income from April 1, 2025, to June 30, 2025

  ​ ​ ​

$

2,389,999

  ​ ​ ​

For the three months period ended June 30, 2025

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Basic

23,000,000

6,868,214

29,868,214

Ownership percentage

77

%  

23

%  

  ​

Total income allocated by class

$

1,840,299

$

549,700

$

2,389,999

Less: Accretion allocated based on ownership percentage

 

(1,921,887)

 

(574,070)

 

(2,495,957)

Plus: Accretion applicable to the redeemable class

 

2,495,957

 

 

2,495,957

Total income (loss) by class

$

2,414,369

$

(24,370)

 

2,389,999

Weighted average shares

 

23,000,000

 

6,868,214

 

  ​

Earnings (loss) per ordinary share - Basic

$

0.10

$

(0.004)

 

  ​

  ​ ​ ​

For the three months period ended June 30, 2025

Redeemable

Non- Redeemable

  ​ ​ ​

Shares

  ​ ​ ​

Shares

  ​ ​ ​

Total

Total number of ordinary shares – Diluted

34,500,000

8,221,964

42,721,964

Ownership percentage

81

%  

19

%  

  ​

Total income allocated by class

$

1,935,899

$

454,100

$

2,389,999

Less: Accretion allocated based on ownership percentage

 

(2,021,725)

 

(474,232)

 

(2,495,957)

Plus: Accretion applicable to the redeemable class

 

2,495,957

 

 

2,495,957

Total income (loss) by class

$

2,410,131

$

(20,132)

 

2,389,999

Weighted average shares

 

34,500,000

 

8,221,964

 

  ​

Earnings (loss) per ordinary share - Diluted

$

0.070

$

(0.002)

 

  ​

Schedule of key decisions regarding resource allocation

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Cash

 

$

283,112

 

$

541,650

Marketable securities held in Trust Account

 

$

247,397,872

 

$

243,045,615