v3.26.1
Condensed Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2026
USD ($)
Cash Flows from Operating Activities:  
Net income $ 36,791
Adjustments to reconcile net income to net cash used in operating activities:  
Payment of operation costs through promissory note 58,218
Payment of operation costs through advances from related party 5,877
Interest earned on investments held in Trust Account (754,831)
Compensation expense 245,099
Changes in operating assets and liabilities:  
Other receivable (12,500)
Prepaid expenses 28,302
Prepaid insurance (106,250)
Long term prepaid insurance (97,986)
Accounts payable and accrued expenses 322,806
Net cash used in operating activities (274,474)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (288,218,750)
Net cash used in investing activities (288,218,750)
Cash Flows from Financing Activities:  
Proceeds from sale of units, net of underwriting discounts paid 281,750,000
Proceeds from sale of private placement warrants 8,468,750
Repayment of advances from related party (5,877)
Repayment of promissory note – related party (300,000)
Payment of offering costs (353,101)
Net cash provided by financing activities 289,559,772
Net Change in Cash 1,066,548
Cash – Beginning of period
Cash – End of period 1,066,548
Supplemental disclosure of non-cash investing and financing activities:  
Offering costs included in accrued offering costs 391,715
Deferred offering costs paid through promissory note – related party 157,716
Deferred offering costs applied to prepaid expenses 10,814
Prepaid expenses contributed by Sponsor through promissory note – related party 84,066
Deferred underwriting fee payable $ 11,500,000