v3.26.1
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Significant Accounting Policies [Abstract]  
Schedule of Cash Equivalents are Stated at their Fair Value The cash equivalents are stated at their fair value, $364,000 and $1,198,000 at June 30, 2026 and December 31, 2025 as shown in the table below:

 

Description at June 30, 2026   Quoted
Price
Prices in
Active
Markets
(Level 1)
 
Assets:      
Money market funds   $ 364,000  

 

Description at December 31, 2025   Quoted
Price
Prices in
Active
Markets
(Level 1)
 
Assets:      
Money market funds   $ 1,198,000  
Schedule of Class A Ordinary Shares Subject to Possible Redemption Class A ordinary shares subject to possible redemption consist of the following:
    Dollars     Shares  
Gross proceeds of Offering   $ 201,250,000       20,125,000  
Less: Offering proceeds allocated to Public Warrants     (1,509,000 )      
Offering costs     (11,538,000 )      
Plus: Accretion of carrying value to redemption value     21,017,000        
Class A ordinary shares subject to possible redemption as of December 31, 2025   $ 209,220,000       20,125,000  
Plus: Accretion of carrying value to redemption value     3,714,000        
Class A ordinary shares subject to possible redemption as of June 30, 2026 (unaudited)   $ 212,934,000       20,125,000  
Schedule of Net Income (Loss) Per Share

The following tables reflect the net income (loss) per share after allocating income(loss) between the shares based on outstanding shares:

 

    Three months ended     Six months ended  
    June 30,
2026
    June 30,
2026
 
    Class A     Class B     Class A     Class B  
Numerator:                        
Basic and diluted net loss per ordinary share:                        
Allocation of loss – basic and diluted   $ (2,532,000 )   $ (813,000 )   $ (1,999,000 )   $ (642,000 )
Denominator:                                
Basic and diluted weighted average ordinary shares:     20,905,100       6,707,663       20,905,100       6,707,663  
                                 
Basic and diluted net loss per ordinary share   $ (0.12 )   $ (0.12 )   $ (0.10 )   $ (0.10 )

 

    Three months ended
June 30,
2025
    Six months ended
June 30,
2025
 
    Class A     Class B     Class A     Class B  
Numerator:                        
Basic and diluted net income per ordinary shares:                        
Allocation of income – basic and diluted   $ 1,429,000     $ 459,000     $ 1,533,000     $ 748,000  
Denominator:                                
Basic and diluted weighted average ordinary shares:     20,905,100       6,707,663       13,744,000       6,707,663  
                                 
Basic and diluted net income per ordinary share   $ 0.07     $ 0.07     $ 0.11     $ 0.11