v3.26.1
Private Placement Units
6 Months Ended
Jun. 30, 2026
Private Placement [Abstract]  
Private Placement Units
NOTE 4—PRIVATE PLACEMENT UNITS
The
 security holdings sponsor purchased an aggregate of
200,000
private placement units at a price of $
10.00
per whole private placement unit in the private placement that occurred simultaneously with the closing of the IPO. Each private placement unit consists of one Class A ordinary share and
one-half
of one warrant. Each whole private placement warrant is exercisable for one whole public share at a price of $
11.50
per share. If the initial Business Combination is not completed within 24 months from the closing of the IPO, the proceeds from the private placement held in the Trust Account will be used to fund the redemption of the public shares (subject to the requirements of applicable law) and the private placement warrants will expire worthless. The private placement warrants will be
non-redeemable
and exercisable on a cashless basis. The private placement warrants will not expire except upon liquidation.
The security holdings sponsor agreed, subject to limited exceptions, not to transfer, assign or sell any of the private placement units (including their underlying securities) until 30 days after the completion of the initial Business Combination.