v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 1,490,734 $ 2,538,521
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on cash held in the Trust Account (3,352,765) (3,448,469)
Changes in operating assets and liabilities:    
Prepaid expenses (29,052) (34,899)
Note receivable (16,975)
Prepaid insurance 24,063 (65,313)
Accounts payable and accrued expenses (120,706) 23,288
Deferred legal fees 1,185,000 175,000
Net cash used in operating activities (819,701) (811,872)
Cash flows from investing activities:    
Investment of cash into Trust Account (190,000,000)
Cash withdrawn from Trust Account for working capital purposes 169,933 140,261
Net cash provided by (used in) investing activities 169,933 (189,859,739)
Cash flows from financing activities:    
Proceeds from sale of Units, net of underwriting discounts paid 186,200,000
Proceeds from sale of Private Placement Units 6,900,000
Proceeds from promissory note - related party 33,203
Repayment of promissory note - related party (109,993)
Payment of deferred offering costs (75,000) (510,412)
Net cash (used in) provided by financing activities (75,000) 192,512,798
Net change in cash and cash equivalents (724,768) 1,841,187
Cash and cash equivalents, beginning of the period 984,245 20,005
Cash and cash equivalents, end of the period 259,477 1,861,192
Noncash investing and financing activities:    
Offering costs included in accrued offering costs 100,000
Deferred offering costs included in deferred legal fees 150,000
Deferred underwriting fee payable $ 7,600,000