v3.26.1
Condensed Statements of Cash Flows (Unaudited)
 6 Months Ended
Jun. 30, 2026
USD ($)
Cash flows from operating activities  
Net income $ 816,000
Adjustments to reconcile net income to net cash used in operating activities:  
Income earned on investments held in Trust Account (1,465,000)
Operating costs paid by loan from Sponsor 25,000
Changes in operating assets and liabilities:  
Increase in prepaid expenses (195,000)
Decrease in accounts payable (29,000)
Increase in accrued expenses 204,000
Increase in deferred compensation – related parties 113,000
Net cash used in operating activities (531,000)
Cash flows from investing activities  
Investment of cash into Trust Account (201,250,000)
Net cash used in investing activities (201,250,000)
Cash flows from financing activities  
Repayment of Sponsor Note (112,000)
Proceeds from sale of Units 201,250,000
Proceeds from sale of Private Placement Units 6,413,000
Payment of underwriting discounts and reimbursements (4,075,000)
Payment of offering costs (365,000)
Net cash provided by financing activities 203,111,000
Net increase in cash and cash equivalents 1,330,000
Cash and cash equivalents – beginning of period
Cash and cash equivalents – end of period 1,330,000
Supplemental disclosure of noncash activities:  
Deferred underwriting payable 7,044,000
Offering costs included in accrued liabilities 75,000
Offering costs paid by loan from Sponsor $ 87,000