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


Gross proceeds		$	230,000,000
Less:
Proceeds allocated to Public Warrants			(3,603,333)
Public Shares issuance cost			(11,524,770)
Plus:
Accretion of carrying value to redemption value			15,889,277
Class A Ordinary Shares subject to possible redemption, March 31, 2026			230,761,174
Plus:
Accretion of carrying value to redemption value			2,420,956
Class A Ordinary Shares subject to possible redemption, June 30, 2026		$	233,182,130

Schedule of basic and diluted net income per ordinary Share


		For the						For the
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2026						2026
		Class A			Class B			Class A			Class B
Basic net income per Ordinary Share
Numerator:
Allocation of net income		$	1,634,416		$	533,316		$	1,903,610		$	774,384
Denominator:
Basic weighted average Ordinary Shares outstanding			23,495,500			7,666,667			18,303,124			7,445,673
Basic net income per Ordinary Share		$	0.07		$	0.07		$	0.10		$	0.10


		For the						For the
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2026						2026
		Class A			Class B			Class A			Class B
Diluted net income per Ordinary Share
Numerator:
Allocation of net income		$	1,634,416		$	533,316		$	1,887,411		$	790,583
Denominator:
Diluted weighted average Ordinary Shares outstanding			23,495,500			7,666,667			18,303,124			7,666,667
Diluted net income per Ordinary Share		$	0.07		$	0.07		$	0.10		$	0.10

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