v3.26.1
Condensed Statement of Cash Flows (Unaudited)
 6 Months Ended
Jun. 30, 2026
USD ($)
Cash Flows from Operating Activities:  
Net income $ 103,277
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on investments held in Trust Account (728,239)
Payment of operation costs through promissory note 5,060
Change in fair value of over-allotment option liability (53,400)
Compensation expense 400,000
Changes in operating assets and liabilities:  
Prepaid expenses and insurance (145,369)
Long-term prepaid insurance (240,999)
Accrued expenses 67,706
Net cash used in operating activities (591,964)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (175,875,000)
Net cash used in investing activities (175,875,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 172,600,000
Proceeds from sale of Private Warrants 5,275,000
Underwriters’ reimbursement 480,000
Repayment of promissory note – related party (224,925)
Payment of offering costs (466,548)
Net cash provided by financing activities 177,663,527
Net Change in Cash 1,196,563
Cash – Beginning of period
Cash – End of period 1,196,563
Non-cash investing and financing activities:  
Offering costs included in accrued offering costs 433,506
Deferred offering costs paid through promissory note - related party 140,003
Deferred underwriting fee in connection with the IPO 7,225,000
Forfeiture of Founder Shares $ 23