v3.26.1
Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 20,280 $ 6,137
Prepaid expenses and other current assets 48,904 6,054
Total current assets 69,184 12,191
Non-current assets    
Cash and investments held in Trust Account 146,834,251 239,906,656
Total non-current assets 146,834,251 239,906,656
TOTAL ASSETS 146,903,435 239,918,847
Current liabilities    
Accounts payable and accrued expenses 254,412 222,184
Accrued offering costs 78,988 153,988
Extension Advance Note 600,000
Interim Note 350,000
Share redemptions payable 1,661,224
Total current liabilities 2,944,624 376,172
Non-current liabilities    
Deferred underwriting fee payable 6,192,000 6,900,000
Total non-current liabilities 6,192,000 6,900,000
Total Liabilities 9,136,624 7,276,172
Commitments and Contingencies (Note 7)
Ordinary shares subject to possible redemption, 13,559,770 and 23,000,000 shares as of June 30, 2026 and December 31, 2025, respectively, at redemption value of $10.71 and $10.43 per share, respectively 145,173,027 239,906,656
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025
Ordinary shares, $0.0001 par value; 220,000,000 shares authorized; 10,717,143(1) shares issued and outstanding, excluding 13,559,770 and 23,000,000 shares subject to redemption as of June 30, 2026 and December 31, 2025, respectively [1] 1,072 1,072
Additional paid-in capital
Accumulated deficit (7,407,288) (7,265,053)
Total Shareholders’ Deficit (7,406,216) [1] (7,263,981)
TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT $ 146,903,435 $ 239,918,847
[1] Includes 45,092 ordinary shares subject to cancellation and surrender as a result of Sponsor default on the share subscription receivable. The ordinary shares are issued and outstanding as of June 30, 2026 December 31, 2025 and are pending cancellation and surrender. See Note 8.