Convertible Notes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Convertible Notes [Abstract] | |
| CONVERTIBLE NOTES | NOTE 6 — CONVERTIBLE NOTES
On July 24, 2025, the Company issued a convertible promissory note (the “Convertible Note”) in the principal amount of $250,000 with an interest rate of 0% to an investor of the Company. The principal balance is payable by the Company upon the earlier of: (i) the date of the consummation of the Initial Business Combination and (ii) the date that the winding up of the Company is effective. Any principal amounts outstanding under the Convertible Note may be converted into a number of units of the Company, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant of one Class A ordinary share, equal to (A) the outstanding principal amount to be converted, divided by (B) $5.00; provided, however, that the Convertible Note shall only be convertible upon, and subject to, the closing of an Initial Business Combination. The units issuable upon conversion of the Convertible Note will be identical to the Public Units that were sold in the Initial Public Offering. As of June 30, 2026 and December 31, 2025, there was $250,000 outstanding under the Convertible Note.
On January 26, 2026, the Company issued a convertible promissory note (the “Second Convertible Note”) in the principal amount of $80,000 with an interest rate of 0% to an investor of the Company. The principal balance is payable by the Company upon the earlier of: (i) the date of the consummation of the Initial Business Combination and (ii) the date that the winding up of the Company is effective. Any principal amounts outstanding under the Second Convertible Note may be converted into a number of units of the Company, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant of one Class A ordinary share, equal to (A) the outstanding principal amount to be converted, divided by (B) $5.00; provided, however, that the Second Convertible Note shall only be convertible upon, and subject to, the closing of an Initial Business Combination. The units issuable upon conversion of the Second Convertible Note will be identical to the Public Units that were sold in the Initial Public Offering. As of June 30, 2026 and December 31, 2025, there was $80,000 and $0, respectively outstanding under the Second Convertible Note.
On April 24, 2026, the Company issued two convertible promissory notes (the “April Convertible Notes”) in the principal amount of $150,000 each (aggregate of $300,000) with an interest rate of 8%. The principal balances are payable by the Company upon the earlier of: (i) the date of the consummation of the Initial Business Combination and (ii) the date that the winding up of the Company is effective. Any principal amounts outstanding under the Convertible Notes may be converted into a number of units of the Company, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant of one Class A ordinary share, equal to (A) the outstanding principal amount to be converted, divided by (B) $3.00; provided, however, that the Convertible Notes shall only be convertible upon, and subject to, the closing of an Initial Business Combination. The units issuable upon conversion of the Convertible Notes will be identical to the Public Units that were sold in the Initial Public Offering. As of June 30, 2026 and December 31, 2025, there was $300,000 and $0, respectively outstanding under the Second Convertible Notes. |