v3.26.1
Condensed Statement of Cash Flows (Unaudited)
 6 Months Ended
Jun. 30, 2026
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (4,427,713)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of general and administrative costs through advances from related party 10,498
Payment of general and administrative costs through promissory note – related party 51,725
Interest earned on investments held in Trust Account (4,335,691)
Compensation expense 8,469,916
Changes in operating assets and liabilities:  
Prepaid expense (6,728)
Prepaid insurance – long-term 30,091
Due from Sponsor (8,402)
Accrued expenses 25,675
Net cash used in operating activities (190,629)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (300,000,000)
Net cash used in investing activities (300,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 294,000,000
Underwriters’ reimbursement 900,000
Proceeds from sale of Private Placement Warrants 8,000,000
Repayment of advances from related party (407,494)
Repayment of promissory note - related party (300,000)
Payment of offering costs (1,054,081)
Net cash provided by financing activities 301,138,425
Net Change in Cash 947,796
Cash and cash equivalents – Beginning of period
Cash and cash equivalents – End of period 947,796
NonCash investing and financing activities:  
Offering costs included in accrued offering costs 78,250
Deferred offering costs paid through promissory note – related party 17,356
Deferred offering costs paid by advances from Sponsor 196,352
Prepaid expenses paid by advances from Sponsor 20,600
Prepaid insurance paid by advances from Sponsor 141,602
Prepaid expenses applied to deferred offering costs 2,759
Advances to Sponsor paid through promissory note – related party 752
Deferred underwriting fee payable $ 12,000,000