v3.26.1
COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
6 Months Ended
Jun. 30, 2026
Common Stock Subject To Possible Redemption  
COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

NOTE 6 – COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

 

The Company’s Common Stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Common Stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet.

 

The following is a reconciliation of the Company’s Common Stock subject to possible redemption as of June 30, 2026:

 

  

Common Shares

Subject to Possible

Redemption

 
     
Balance, December 31, 2025   3,184,646 
Deposits to Trust Account   180,000 
Withdrawals from Trust Account   (158,653)
Redemption of common stock   (192,276)
Remeasurement of common stock subject to possible redemption   36,537 
Balance, June 30, 2026  $3,050,254