v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Significant Accounting Policies [Line Items]    
Schedule of Valuation of the Public Warrants The following table presents the quantitative information regarding market assumptions used in the level 3 valuation of the Public Warrants:
 
    
March 3,
2025
  
Implied Class A Ordinary Share price
    $ 9.91  
Exercise price
    $ 11.50  
Simulation term (years)
      7  
Risk-free rate (continuous)
      4.02 % 
Selected volatility
      2.5 % 
Probability of
de-SPAC
and market adjustment
      15.0 % 
 The following table presents the quantitative information regarding market assumptions used in the level 3 valuation of the Public Warrants:
 
 
  
March 3,
2025
 
Implied Class A Ordinary Share price
  
$
9.91
 
Exercise price
  
$
11.50
 
Simulation term (years)
  
 
7
 
Risk-free rate (continuous)
  
 
4.02
% 
Selected volatility
  
 
2.5
% 
Probability of
de-SPAC
and market adjustment
  
 
15.0
% 
Schedule of Class A Ordinary Shares Subject to Possible Redemption As of March 31, 2026 and December 31, 2025, the Class A Ordinary Shares subject to possible redemption reflected in the accompanying condensed consolidated balance sheets are reconciled in the following table:
 
Gross proceeds
    $ 230,000,000  
Less:
   
Proceeds allocated to Public Warrants
      (2,185,000 ) 
Class A Ordinary Shares issuance costs
      (7,638,884 ) 
Plus:
   
Accretion for Class A ordinary shares to redemption amount
      18,866,179  
  
 
 
  
Class A Ordinary Shares subject to possible redemption, December 31, 2025
      239,042,295  
Plus:
   
Accretion for Class A ordinary shares to redemption amount
      2,101,884  
  
 
 
  
Class A Ordinary Shares subject to possible redemption, March 31, 2026
    $ 241,144,179  
  
 
 
  
 As of December 31, 2025 and 2024, the Class A Ordinary Shares subject to possible redemption reflected in the accompanying consolidated balance sheets are reconciled in the following table:
 
Gross proceeds
  
$
230,000,000
 
Less:
  
Proceeds allocated to Public Warrants
  
 
(2,185,000
) 
Class A Ordinary Shares issuance costs
  
 
(7,638,884
) 
Plus:
  
Remeasurement of carrying value to redemption value
  
 
18,866,179
 
  
 
 
 
Class A Ordinary Shares subject to possible redemption, December 31, 2025
  
$
239,042,295
 
  
 
 
 
Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share
The following table reflects the calculation of basic and diluted net loss per Ordinary Share (in dollars, except per share amounts):
 
    
For the Three Months Ended
March 31,
  
    
2026
     
2025
  
    
Class A
     
Class B
     
Class A
     
Class B
  
Basic and diluted net loss per share:
            
Numerator:
            
Allocation of net loss
    $ (103,442 )     $ (25,861 )     $ (3,692,303 )     $ (2,611,460 ) 
Denominator:
            
Basic and diluted weighted average Ordinary Shares outstanding
      23,000,000        5,750,000        7,411,111        5,241,667  
  
 
 
     
 
 
     
 
 
     
 
 
  
Basic and diluted net loss per Ordinary Share
   
$
(0.00
) 
   
$
(0.00
) 
   
$
(0.50
) 
   
$
(0.50
) 
  
 
 
     
 
 
     
 
 
     
 
 
  
The following tables reflects the calculation of basic and diluted net loss per Ordinary Share (in dollars, except per share amounts):
 
 
  
For the Year Ended
December 31, 2025
 
  
For the Period from
November 27, 2024
(Inception) Through
December 31, 2024
 
 
  
Class A
 
  
Class B
 
  
Class A
 
  
Class B
 
Basic net loss per share:
  
  
  
  
Numerator:
  
  
  
  
Allocation of net loss
  
$
(12,751,322
) 
  
$
(3,744,059
) 
  
$
— 
 
  
$
(18,571
) 
Denominator:
  
  
  
  
Basic weighted average Ordinary Shares outstanding
  
 
19,156,164
 
  
 
5,624,658
 
  
 
— 
 
  
 
5,000,000
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Basic net loss per Ordinary Share
  
$
(0.67
) 
  
$
(0.67
) 
  
$
— 
 
  
$
(0.00
) 
 
 
  
For the Year Ended
December 31, 2025
 
  
For the Period from
November 27, 2024
(Inception) Through
December 31, 2024
 
 
  
Class A
 
  
Class B
 
  
Class A
 
  
Class B
 
Diluted net loss per share:
  
  
  
  
Numerator:
  
  
  
  
Allocation of net loss
  
$
(12,687,150
) 
  
$
(3,808,232
) 
  
$
— 
 
  
$
(18,571
) 
Denominator:
  
  
  
  
Diluted weighted average Ordinary Shares outstanding
  
 
19,156,164
 
  
 
5,750,000
 
  
 
— 
 
  
 
5,000,000
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Diluted net loss per Ordinary Share
  
$
(0.66
) 
  
$
(0.66
) 
  
$
— 
 
  
$
(0.00
)