v3.26.1
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
6 Months Ended
Jun. 30, 2026
USD ($)
Cash flows from operating activities:  
Net Income $ 139,773
Adjustments to reconcile net income to net cash used in operating activities:  
Earnings on marketable securities held in Trust Account (357,187)
Change in over-allotment liability 16,474
Changes in operating assets and liabilities:  
Due from Sponsor (25,862)
Prepaid insurance (67,962)
Accrued expenses 27,833
Prepaid expenses 11,423
Prepaid insurance - noncurrent (56,604)
Accounts payable 59,753
Due to Sponsor (60,947)
Due to a related party (25,000)
Net cash used in operating activities (338,306)
Cash flows from investing activities:  
Cash deposited into Trust Account (144,808,750)
Net cash used in investing activities (144,808,750)
Cash flows from financing activities:  
Proceeds from sale of Units, net of underwriting fees and reimbursement paid 140,632,500
Proceeds from Private Placement Units 5,676,250
Payment of offering costs (365,398)
Net cash provided by financing activities 145,943,352
Net increase in cash 796,296
Cash beginning of year 0
Cash end of year 796,296
Supplemental disclosure of non-cash investing and financing activities:  
Accretion of Ordinary Shares subject to redemption to redemption value 6,566,156
Allocation of proceeds to Public Rights 1,577,125
Allocation of offering costs 1,212,305
Allocation for the Transfer of Founder Shares to third-party investors 1,158,975
Payment of Founder Shares included in Due from Sponsor 26,435
Forfeiture of Founder Shares $ 2