v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 1,074,568 $ 712,925
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (2,621,302) (873,464)
Payment of operating expenses through promissory note – related party 23,500
Payment of operating costs through advances from related party 4,320
Changes in operating assets and liabilities:    
Prepaid expenses (13,782) (51,722)
Prepaid insurance (28,504)
Accounts payable and accrued expenses 73,838 7,836
Accrued expenses – related party 45,000
Deferred consulting fees 27,500
Deferred legal fees 1,092,069
Net cash used in operating activities (322,109) (205,109)
Cash Flows from Financing Activities:    
Investment of cash in Trust Account (144,109,375)
Net cash used in investing activities (144,109,375)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 143,200,000
Proceeds from sale of Private Placement Warrants 2,000,000
Repayment of advances from related party (4,320)
Proceeds from promissory note – related party 51,500
Repayment of promissory note – related party (150,000)
Payment of offering costs (206,759)
Net cash provided by financing activities 144,890,421
Net Change in Cash (322,109) 575,937
Cash – Beginning of period 365,751 13,818
Cash – End of period 43,642 589,755
Non-cash investing and financing activities:    
Deferred offering costs included in accrued offering costs 75,000
Issuance of Class A Representative Shares 11
Accretion of Class A ordinary shares to redemption value 2,621,302 8,791,219
Deferred underwriting fee payable $ 5,750,000