v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,252,516 $ 736,204
Prepaid insurance 307,750 307,750
Prepaid expenses 53,832 18,800
Total current assets 1,614,098 1,062,754
Prepaid insurance – long-term 143,120 296,995
Marketable securities and cash held in Trust Account 420,879,831 414,549,783
Total Assets 422,637,049 415,909,532
Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit:    
Accrued expenses 520,360 55,667
Accrued offering costs 75,000 75,000
Subscription Agreement liability 137,772,195
Deferred underwriting fee payable 1,500,000
Total Current Liabilities 139,867,555 130,667
Deferred underwriting fee payable 14,490,000 15,990,000
Total Liabilities 154,357,555 16,120,667
Commitments and Contingencies (Note 6)
Class A Ordinary Shares subject to possible redemption, 41,400,000 shares at redemption value of approximately $10.17 and $10.00 per share at June 30, 2026 and December 31, 2025, respectively 420,879,831 414,000,000
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital
Accumulated deficit (152,601,767) (14,212,565)
Total Shareholders’ Deficit (152,600,337) (14,211,135)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 422,637,049 415,909,532
Class A Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares value 50 50
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares value $ 1,380 $ 1,380