v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
ASSETS      
Cash and cash equivalents $ 1,124,492 $ 1,329,433 $ 0
Due from sponsor 713 713 0
Prepaid expenses 80,417 86,667 8,502
Deferred offering costs   0 59,044
Total Current Assets 1,205,622 1,416,813 67,546
Long-term prepaid insurance 0 14,167 0
Marketable securities held in Trust Account 241,144,179 239,042,295 0
TOTAL ASSETS 242,349,801 240,473,275 67,546
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS' DEFICIT      
Accrued expenses 1,777,147 1,036,287 2,750
Accrued offering costs 75,000 75,000 0
Total Current Liabilities 1,852,147 1,111,287 61,117
PIPE Subscription Agreements liability 16,539,057 15,274,088 0
Deferred Advisory fee 6,900,000 6,900,000 0
Deferred underwriting fee 6,900,000 6,900,000 0
TOTAL LIABILITIES 32,191,204 30,185,375 61,117
COMMITMENTS AND CONTINGENCIES (Note 6)
SHAREHOLDERS' EQUITY (DEFICIT)      
Class A Ordinary Shares subject to possible redemption; 23,000,000 and no shares at redemption value of $10.39 and $0 per share as of December 31, 2025 and 2024, respectively 241,144,179 239,042,295 0
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2026 and December 31, 2025 0 0 0
Additional paid-in capital 0 0 24,425
Accumulated deficit (30,986,157) (28,754,970) (18,571)
TOTAL SHAREHOLDERS' EQUITY (DEFICIT) (30,985,582) (28,754,395) 6,429
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS' EQUITY (DEFICIT) 242,349,801 240,473,275 67,546
Class A Ordinary Shares      
SHAREHOLDERS' EQUITY (DEFICIT)      
Ordinary shares, value 0 0 0
Class B Ordinary Shares      
SHAREHOLDERS' EQUITY (DEFICIT)      
Ordinary shares, value $ 575 575 575
Related Party      
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS' DEFICIT      
IPO Promissory Note - related party   $ 0 $ 58,367