SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets


Gross proceeds		$	230,000,000
Less:
Proceeds allocated to public warrants			(2,202,250)
Class A ordinary shares issuance cost			(14,125,300)
Plus:
Remeasurement of carrying value to redemption value			17,348,897
Class A ordinary shares subject to possible redemption, March 31, 2026			231,021,347
Plus:
Remeasurement of carrying value to redemption value			1,942,789
Class A ordinary shares subject to possible redemption, June 30, 2026		$	232,964,136

Schedule of calculation of basic and diluted net income per ordinary share


		For the Three Months Ended June 30, 2026						For the Six Months Ended June 30, 2026
		Class A			Class B			Class A			Class B
Basic net income per share:
Numerator:
Allocation of net income		$	1,408,022		$	469,341		$	1,950,668		$	816,998
Denominator:
Weighted-average shares outstanding			23,000,000			7,666,667			17,761,111			7,438,889
Basic net income per share		$	0.06		$	0.06		$	0.11		$	0.11


		For the Three Months Ended June 30, 2026						For the Six Months Ended June 30, 2026
		Class A			Class B			Class A			Class B
Diluted net income per share:
Numerator:
Allocation of net income		$	1,408,022		$	469,341		$	1,933,194		$	834,472
Denominator:
Weighted-average shares outstanding			23,000,000			7,666,667			17,761,111			7,666,667
Diluted net income per share		$	0.06		$	0.06		$	0.11		$	0.11

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details