v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income (loss) $ 3,540,915 $ (1,297,717)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Dividend earned on marketable securities held in Trust Account (4,641,176) (1,831,762)
Compensation expense 2,581,854
Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares
Formation costs paid via advance from related party
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (18,960) (240,384)
Long Term prepaid insurance 53,557 (137,385)
Accounts payable and accrued expenses (125,390) 130,814
Deferred legal fee 731,229 66,652
Net cash used in operating activities (459,825) (727,928)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (253,000,000)
Cash withdrawn from Trust Account for working capital purposes 250,000
Net cash provided by (used in) investing activities 250,000 (253,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 248,600,000
Proceeds from sale of Private Placement Units 7,400,000
Repayment of advances from related party (94,559)
Advances from related party 15,000
Proceeds from promissory note – related party 45,875
Repayment of promissory note – related party (184,282)
Payment of offering costs (75,000) (624,199)
Net cash used in financing activities (154,559) 255,237,394
Net Change in Cash (364,384) 1,509,466
Cash – Beginning of period 1,126,011
Cash – End of period 761,627 1,509,466
Non-Cash investing and financing activities:    
Offering costs included in accrued offering costs 112,899
Deferred offering costs paid through promissory note - related party 5,866
Prepaid services contributed by Sponsor through promissory note - related party 5,844
Accretion of Class A ordinary shares to redemption value 4,391,176 25,729,718
Deferred Underwriting Fee Payable Noncash 12,045,000
Deferred legal fee payable in offering costs $ 34,989