v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 259,477 $ 984,245
Note receivable 316,975 300,000
Prepaid expenses 47,073 18,021
Short-term prepaid insurance 24,063
Total current assets 623,525 1,326,329
Cash held in the Trust Account 200,141,138 196,958,306
Total Assets 200,764,663 198,284,635
Current liabilities    
Accounts payable and accrued expenses 106,247 226,953
Accrued offering costs 25,000 100,000
Total current liabilities 131,247 326,953
Deferred legal fees 3,635,000 2,450,000
Deferred underwriting fee payable 7,600,000 7,600,000
Total Liabilities 11,366,247 10,376,953
Commitments and Contingencies (Note 6)
Class A ordinary shares subject to possible redemption, 19,000,000 shares at redemption value of $10.53 and $10.37 per share at June 30, 2026 and December 31, 2025, respectively 200,141,138 196,958,306
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
Additional paid-in capital
Accumulated deficit (10,743,424) (9,051,326)
Total Shareholders’ Deficit (10,742,722) (9,050,624)
Total Liabilities and Shareholders’ Deficit 200,764,663 198,284,635
Common Class A [Member]    
Shareholders’ Deficit    
Ordinary shares, value 69 69
Common Class B [Member]    
Shareholders’ Deficit    
Ordinary shares, value $ 633 $ 633