v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 159,863 $ 378,794
Prepaid expenses 97,256 147,763
Total Current Assets 257,119 526,557
Marketable securities held in Trust Account 119,184,230 117,108,805
Long-term prepaid insurance 4,013
Total Assets 119,441,349 117,639,375
Current liabilities    
Accounts payable and accrued expenses 69,565 59,771
Accrued offering costs 75,000 75,000
Total Current Liabilities 144,565 134,771
Deferred underwriting fee 4,025,000 4,025,000
Total Liabilities 9,302,940 8,477,246
Commitments and Contingencies (Note 6)
Class A ordinary shares subject to possible redemption, 11,500,000 shares at redemption value of approximately $10.36 per share and $10.18 per share as of June 30, 2026 and December 31, 2025 respectively 119,184,230 117,108,805
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025
Additional paid-in capital
Accumulated deficit (9,046,204) (7,947,059)
Total Shareholders’ Deficit (9,045,821) (7,946,676)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 119,441,349 117,639,375
Public Rights    
Current liabilities    
Derivative liability 3,220,000 2,760,000
Private Warrants    
Current liabilities    
Derivative liability 1,913,375 1,557,475
Class A Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value $ 383 $ 383