SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets

As of June 30, 2026, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:


Gross proceeds		$	164,500,000
Less:
Proceeds allocated to Public Warrants			(2,632,000)
Proceeds allocated to over-allotment option liability			(50,000)
Allocated issuance costs			(10,150,664)
Plus:
Accretion of carrying value to redemption value			13,466,158
Class A ordinary shares subject to possible redemption, March 31, 2026			165,133,494
Plus:
Accretion of carrying value to redemption value			1,460,895
Class A ordinary shares subject to possible redemption, June 30, 2026		$	166,594,389

Schedule of calculation of basic and diluted net income per ordinary share


		For the Three Months
		Ended June 30, 2026
		Class A			Class B
Basic and diluted net income per ordinary share:
Numerator:
Allocation of net income		$	1,006,976		$	243,901
Denominator:
Basic and diluted weighted average ordinary shares outstanding			16,979,000			4,112,500
Basic and diluted net income per ordinary share		$	0.06		$	0.06


		For the Six Months
		Ended June 30, 2026
		Class A			Class B
Basic net income per ordinary share:
Numerator:
Allocation of net income		$	155,984		$	51,074
Denominator:
Basic weighted average ordinary shares outstanding			12,221,528			4,001,736
Basic net income per ordinary share		$	0.01		$	0.01


		For the Six Months
		Ended June 30, 2026
		Class A			Class B
Diluted net income per ordinary share:
Numerator:
Allocation of net income		$	154,926		$	52,132
Denominator:
Diluted weighted average ordinary shares outstanding			12,221,528			4,112,500
Diluted net income per ordinary share		$	0.01		$	0.01

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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