v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 2,068 $ 32,075
Due from Everli 4,120,066 3,805,862
Prepaid expenses 27,910 70,852
Total current assets 4,150,044 3,908,789
Marketable securities and cash held in Trust Account 42,874,392 171,405,977
TOTAL ASSETS 47,024,436 175,314,766
Current liabilities    
Accounts payable and accrued liabilities 1,576,929 576,961
Working Capital Loan - related party 230,837
Sponsor Loan 4,109,133 3,718,011
Total current liabilities 5,916,899 4,294,972
Deferred Fee 1,714,976 6,600,000
TOTAL LIABILITIES 7,631,875 10,894,972
COMMITMENTS AND CONTINGENCIES (Note 6)
Class A Ordinary Shares subject to possible redemption, 3,923,923 and 16,000,000 shares at redemption value of $10.93 and $10.71 per share at June 30, 2026 and December 31, 2025, respectively 42,874,392 171,405,977
SHAREHOLDERS’ DEFICIT    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
Additional paid-in capital
Accumulated deficit (3,482,393) (6,986,745)
TOTAL SHAREHOLDERS’ DEFICIT (3,481,831) (6,986,183)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 47,024,436 175,314,766
Class A Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary shares, value 562
Class B Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary shares, value $ 562