v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 761,627 $ 1,126,011
Prepaid expenses and other current assets 193,087 174,127
Total Current Assets 954,714 1,300,138
Long-term prepaid insurance 53,557
Other receivable – dividend income 773,184 824,770
Cash and marketable securities held in Trust Account 263,398,723 258,955,961
TOTAL ASSETS 265,126,621 261,134,426
Current liabilities    
Accounts payable and accrued expenses 176,759 302,149
Accrued offering costs 75,000
Total current liabilities 178,025 457,974
Deferred legal fees 3,249,148 2,517,919
Deferred underwriting fee payable 12,045,000 12,045,000
TOTAL LIABILITIES 15,472,173 15,020,893
Commitments
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital
Accumulated deficit (14,518,377) (13,668,116)
Total Shareholders’ Deficit (14,517,459) (13,667,198)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 265,126,621 261,134,426
Class A Ordinary Shares    
Current liabilities    
Class A ordinary shares subject to possible redemption, 25,300,000 shares at a redemption value of $10.44 and $10.27 per share as of June 30, 2026 and December 31, 2025, respectively 264,171,907 259,780,731
Shareholders’ Deficit    
Ordinary shares, value 74 74
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value 844 844
Related Party    
Current liabilities    
Advances from related party 1,079 80,638
Promissory note – related party $ 187 $ 187