Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 10 — SUBSEQUENT EVENTS
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, other than as described below or within these unaudited condensed financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements.
On July 17, 2026, the Company entered into a non-interest bearing promissory note with its New Sponsor, pursuant to which the New Sponsor may loan up to $500,000 to fund the Company’s costs and expenses reasonably related to its Business Combination. The note is payable upon the earlier of: (i) the date the Company consummates its initial Business Combination or (ii) the date that the winding up of the Company is effective. The New Sponsor has the right (but not the obligation) to convert all or any portion of the outstanding and unpaid principal amount into warrants of the Company equivalent to the private placement warrants issued by the Company in connection with its Initial Public Offering (together with any replacement securities issued by the successor public company to the Company in the Business Combination) at a conversion price of $1.00 per warrant. As of the filing date of this Quarterly Report on Form 10-Q, $200,000 had been drawn under the promissory note.
Effective July 17, 2026, the Board of Directors of the Company approved the following changes to the Company’s management: (i) Maximilian Staedtler was appointed to serve as Chief Financial Officer of the Company, effective July 17, 2026, and (ii) Elliot Richmond resigned as the Chief Financial Officer of the Company, effective July 17, 2026. |