v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,146,565
Prepaid insurance 70,133
Prepaid expenses 4,375 6,492
Total current assets 1,352,782 6,492
Deferred offering costs 161,543
Long-term prepaid insurance 39,968
Cash and marketable securities held in Trust Account 365,368,577
Total Assets 366,761,327 168,035
Current liabilities    
Accounts payable and accrued expenses 38,979 26,500
IPO Promissory Note 168,835
Total current liabilities 38,979 225,246
Deferred Fee 12,600,000
Total Liabilities 12,638,979 225,246
Commitments and Contingencies (Note 6)
Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 36,000,000 and no shares at redemption value of $10.15 and $0 per share as of June 30, 2026 and December 31, 2025, respectively 365,368,577
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued or outstanding as of June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital 23,799
Accumulated deficit (11,247,527) (82,211)
Total Shareholders’ Deficit (11,246,229) (57,211)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 366,761,327 168,035
Related Party    
Current assets    
Due from Terra Quantum 131,709
Current liabilities    
Advance from related party 29,911
Class A Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value 98
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value [1],[2] $ 1,200 $ 1,201
[1] Includes an aggregate of up to 1,566,000 Class B Ordinary Shares subject to forfeiture if the Over-Allotment Option was not exercised in full or in part by the Underwriters. On January 26, 2026, through a share capitalization, the Company issued an additional 2,001,000 Class B Ordinary Shares to the Sponsor, resulting in the Sponsor holding an aggregate of 12,006,000 Class B Ordinary Shares. All share and per-share amounts have been retroactively restated (Note 5).
[2] On January 28, 2026, the Underwriters partially exercised their Over-Allotment Option in the amount of 4,680,000 Option Units. On March 11, 2026, the Underwriters forfeited the remaining unexercised balance of 18,000 Option Units. As a result of the partial exercise of the Over-Allotment Option and forfeiture of the unexercised Over-Allotment Option by the Underwriters, 6,000 Founder Shares were forfeited by the Sponsor for no consideration (Note 5).