v3.26.1
Condensed Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2026
USD ($)
Cash Flows from Operating Activities:  
Net income $ 2,388,737
Adjustments to reconcile net income to net cash used in operating activities:  
Payment of operation costs through promissory note 29,799
Interest earned on investments held in Trust Account (2,871,546)
Changes in operating assets and liabilities:  
Prepaid expenses 24,693
Prepaid insurance (60,312)
Prepaid insurance – long term (38,054)
Accounts payable and accrued expenses (15,875)
Deferred legal fee 70,148
Net cash used in operating activities (472,410)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 225,400,000
Proceeds from sale of Private Placement Units 6,950,000
Repayment of promissory note – related party (302,954)
Payment of offering costs (400,356)
Net cash provided by financing activities 231,646,690
Net Change in Cash 1,174,280
Cash – Beginning of period
Cash – End of period 1,174,280
Noncash investing and financing activities:  
Offering costs included in accrued offering costs 71,835
Offering costs included in deferred legal fee 34,083
Offering costs paid through promissory note – related party 70,865
Prepaid expenses paid through promissory note – related party 37,500
Deferred underwriting fee payable $ 8,050,000