Shareholders’ Equity |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Shareholders’ Equity [Abstract] | |
| SHAREHOLDERS’ EQUITY | NOTE 7 — SHAREHOLDERS’ EQUITY
Preference Shares
The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001 per share. As of June 30, 2026, there were preference shares issued or outstanding.
Class A Ordinary Shares
The Company is authorized to issue 500,000,000 Class A Ordinary Shares with a par value of $0.0001 per share. Holders of Class A Ordinary Shares are entitled to one vote for each share. As of June 30, 2026, there were Class A Ordinary Shares issued or outstanding, excluding 17,250,000 shares subject to possible redemption.
Class B Ordinary Shares
The Company is authorized to issue 50,000,000 Class B Ordinary Shares with a par value of $0.0001 per share. Holders of Class B Ordinary Shares are entitled to one vote for each share. As of June 30, 2026 there were 5,750,000 Class B Ordinary Shares issued and outstanding. The underwriter fully exercised their over-allotment option on June 22, 2026. As such, Class B Ordinary Shares were forfeited or subject to forfeiture. Only holders of the Class B Ordinary Shares will have the right to vote on the appointment of directors prior to the Business Combination. Holders of Ordinary Shares will vote together as a single class on all matters submitted to a vote of our shareholders except as otherwise required by law. In connection with our initial Business Combination, we may enter into a shareholders agreement or other arrangements with the shareholders of the target or other investors to provide for voting or other corporate governance arrangements that differ from those in effect upon completion of the initial public offering.
The Founder Shares are designated as Class B Ordinary Shares and will automatically convert at a ratio of one-for-one into Class A Ordinary Shares (which such Class A Ordinary Shares delivered upon conversion will not have redemption rights or be entitled to liquidating distributions from the Trust Account if the Company does not consummate an initial Business Combination) at the time of the Company’s initial Business Combination. |