v3.26.1
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Expenses:        
General and administrative costs $ 136,934 $ 131,919 $ 280,235 $ 462,844
Loss from operations (136,934) (131,919) (280,235) (462,844)
OTHER INCOME        
Interest earned on cash and investments held in Trust Account 1,863,831 2,420,498 3,977,591 4,005,966
Total other income 1,863,831 2,420,498 3,977,591 4,005,966
NET INCOME $ 1,726,897 $ 2,288,579 $ 3,697,356 $ 3,543,122
Redeemable Ordinary Shares        
OTHER INCOME        
Weighted average ordinary shares outstanding – basic 20,095,314 23,000,000 21,539,633 19,110,497
Weighted average ordinary shares outstanding – diluted 20,095,314 23,000,000 21,539,633 19,110,497
Basic net income (loss) per redeemable ordinary share $ 0.06 $ 0.07 $ 0.11 $ 0.12
Diluted net income (loss) per redeemable ordinary share $ 0.06 $ 0.07 $ 0.11 $ 0.12
Non-Redeemable Ordinary Shares        
OTHER INCOME        
Weighted average ordinary shares outstanding – basic [1] 10,717,143 10,517,143 10,717,143 10,067,451
Weighted average ordinary shares outstanding – diluted [1] 10,717,143 10,517,143 10,717,143 10,424,325
Basic net income (loss) per redeemable ordinary share $ 0.06 $ 0.07 $ 0.11 $ 0.12
Diluted net income (loss) per redeemable ordinary share $ 0.06 $ 0.07 $ 0.11 $ 0.12
[1] Includes 45,092 ordinary shares subject to cancellation and surrender provisions as a result of the Sponsor defaulting on the share subscription receivable. The ordinary shares are presented as issued and outstanding until such time they are cancelled and surrendered. See Note 8.