v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 839,267 $ 69
Prepaid expenses 53,706 3,800
Short-term prepaid insurance 99,719
Total current assets 992,692 3,869
Deferred offering costs 195,081
Long-term prepaid insurance 58,169
Investments held in Trust Account 204,176,777
Total Assets 205,227,638 198,950
Current liabilities    
Accounts payable and accrued expenses 80,000
Accrued offering costs 75,000 77,850
Total Current Liabilities 155,000 223,491
Deferred Fee payable 7,043,750
Total Liabilities 7,198,750 223,491
Commitments and Contingencies (Note 6)
Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 20,125,000 and no shares at redemption value of $10.15 and $0 per share as of June 30, 2026 and December 31, 2025, respectively 204,176,777
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025
Additional paid-in capital 24,329
Accumulated deficit (6,148,609) (49,541)
Total Shareholders’ Deficit (6,147,889) (24,541)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 205,227,638 198,950
Related Party    
Current liabilities    
Advances from related party 641
Promissory Note – related party 145,000
Class A Ordinary Shares    
Shareholders’ Deficit    
Common stock, value 49
Class B Ordinary Shares    
Shareholders’ Deficit    
Common stock, value [1] $ 671 $ 671
[1] Includes up to 875,000 Class B Ordinary Shares that were subject to forfeiture if the Over-Allotment Option is not exercised in full or in part by the Underwriters. On February 2, 2026, the Underwriters exercised their Over-Allotment Option in full to be settled as part of the closing of the Initial Public Offering. As a result of the Underwriters’ election to fully exercise their Over-Allotment Option, 875,000 Founder Shares are no longer subject to forfeiture by the Sponsor (see Note 7).