SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of Class A ordinary shares subject to redemption reflected in the balance sheet


Class A ordinary shares subject to possible redemption, December 31, 2025			245,609,352
Plus:
Accretion of carrying value to redemption value			2,131,533
Class A ordinary shares subject to possible redemption, March 31, 2026			247,740,885
Less:
Redemptions			(158,489,876)
Plus:
Accretion of carrying value to redemption value			2,132,285
Class A ordinary shares subject to possible redemption, June 30, 2026		$	91,383,294

Schedule of calculation of basic and diluted net income per ordinary share

The following tables reflect the calculation of basic and diluted net income per Ordinary Share (in dollars, except per share amounts):


		For the Three Months Ended June 30,
		2026						2025
					Class A and
		Class A			Class B Non-
		Redeemable			Redeemable			Class A			Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss), as adjusted		$	(417,838)		$	(89,215)		$	1,837,254		$	459,313
Denominator:
Basic and diluted weighted average ordinary shares outstanding			23,082,947			4,928,572			23,000,000			5,750,000
Basic and diluted net income (loss) per ordinary share		$	(0.02)		$	(0.02)		$	0.08		$	0.08


		For the Six Months Ended June 30,
		2026						2025
					Class A and
		Class A			Class B Non-
		Redeemable			Redeemable			Class A			Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income, as adjusted		$	1,293,767		$	299,668		$	3,573,379		$	893,345
Denominator:
Basic and diluted weighted average ordinary shares outstanding			23,041,702			5,337,017			23,000,000			5,750,000
Basic and diluted net income per ordinary share		$	0.06		$	0.06		$	0.16		$	0.16

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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