v3.26.1
Condensed Statements Of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
General and administrative expenses [1] $ 390,784   $ 4,188,168   $ 1,005,475 $ 4,148,335
Interest on cash held in Trust Account 3,417,001   4,056,282   6,786,983 8,034,224
Net income (loss) $ 3,026,217 $ 2,755,291 $ (131,886) $ 4,017,775 $ 5,781,508 $ 3,885,889
Redeemable Class A Ordinary Shares            
Weighted average shares outstanding, basic 32,922,237   34,500,000   32,922,237 34,500,000
Weighted average shares outstanding, diluted 32,922,237   34,500,000   32,922,237 34,500,000
Basic net income (loss) per share $ 0.07   $ 0   $ 0.14 $ 0.09
Diluted net income (loss) per share $ 0.07   $ 0   $ 0.14 $ 0.09
Non-Redeemable Class B Ordinary Shares            
Weighted average shares outstanding, basic 8,625,000   8,625,000   8,625,000 8,625,000
Weighted average shares outstanding, diluted 8,625,000   8,625,000   8,625,000 8,625,000
Basic net income (loss) per share $ 0.07   $ 0   $ 0.14 $ 0.09
Diluted net income (loss) per share $ 0.07   $ 0   $ 0.14 $ 0.09
[1] In the first quarter of fiscal year 2025, the Company recognized a waiver of legal fees totaling $2,076,234 related to the terminated merger transaction. These waived fees represented a portion of legal expenses incurred across multiple reporting periods, including various quarters in fiscal year 2024 and the quarter ended March 31, 2025. As these waived fees are non-recurring in nature, similar waiver transactions are not anticipated in future periods. The waived amount was recorded as a reduction to the same financial statement line items in which the original expenses were previously recognized.