v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 364,000 $ 1,198,000
Prepaid expenses 176,000 136,000
Total current assets 540,000 1,334,000
Investments held in Trust Account 212,934,000 209,220,000
Total assets 213,474,000 210,554,000
Current liabilities:    
Accounts payable (including approximately $0 and $75,000 of offering costs at June 30, 2026 and December 31, 2025, respectively) 619,000 104,000
Accrued liabilities 5,470,000 694,000
Deferred compensation – related parties 723,000 453,000
Total current liabilities 6,812,000 1,251,000
Other liabilities:    
Deferred underwriting fee payable 7,044,000 7,044,000
Total liabilities 13,856,000 8,295,000
Commitments and contingencies
Class A ordinary shares subject to possible redemption; 20,125,000 and 20,125,000 shares at $10.58 and $10.40 per share at June 30, 2026 and December 31, 2025, respectively 212,934,000 209,220,000
Shareholders’ deficit:    
Preference shares, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding at June 30, 2026 and December 31, 2025
Additional paid-in capital
Accumulated deficit (13,317,000) (6,962,000)
Total shareholders’ deficit (13,316,000) (6,961,000)
Total liabilities, Class A ordinary shares subject to possible redemption and shareholders’ deficit 213,474,000 210,554,000
Class A ordinary shares    
Shareholders’ deficit:    
Ordinary shares, value
Class B ordinary shares    
Shareholders’ deficit:    
Ordinary shares, value $ 1,000 $ 1,000