Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Schedule of assets and liabilities that are measured at fair value on a recurring basis |
| Schedule of assets and liabilities that are measured at fair value on a recurring basis |
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Level |
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| |
|
|
|
|
(Unaudited) |
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
| Marketable securities held in Trust Account |
|
1 |
|
|
$ |
58,438,195 |
|
|
$ |
57,425,636 |
|
|
| Schedule of ordinary shares subject to redemption |
| Schedule of ordinary shares subject to redemption |
|
|
|
|
| Gross proceeds |
|
$ |
55,950,000 |
|
| Less: |
|
|
|
|
| Proceeds allocated to public rights |
|
|
(6,461,922 |
) |
| Offering costs allocated to redeemable shares |
|
|
(1,156,981 |
) |
| Plus: |
|
|
|
|
| Accretion of carrying value to redemption value |
|
|
4,991,952 |
|
| Ordinary shares subject to possible redemption as of December 31, 2025 |
|
$ |
53,323,049 |
|
| Plus: |
|
|
|
| Accretion of carrying value to redemption value |
|
|
4,090,562 |
|
| Ordinary shares subject to possible redemption as of June 30, 2026 (Unaudited) |
|
$ |
57,413,611 |
|
|
| Schedule of determination of the fair value of the over-allotment liability |
| Schedule of determination of the fair value of the over-allotment liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Valuation date |
|
No. of
options |
|
|
Vesting date |
|
Expiry date |
|
Exercise price |
|
|
Spot price |
|
|
Risk-free rate |
|
|
Volatility |
|
| May 30, 2025 |
|
|
155,000 |
|
|
May 29, 2025 |
|
July 13, 2025 |
|
|
9.80 |
|
|
|
10.01 |
|
|
|
4.19 |
% |
|
|
3.4 |
% |
| June 30, 2025 |
|
|
155,000 |
|
|
May 29, 2025 |
|
July 13, 2025 |
|
|
9.80 |
|
|
|
10.09 |
|
|
|
4.17 |
% |
|
|
3.1 |
% |
|
| Basic E P S [Member] |
|
| Schedule of Net income (loss) used in the calculation of basic and dilute EPS |
| Schedule of Net income (loss) used in the calculation of basic and dilute EPS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the
Three Months Ended
June 30, |
|
|
For the
Six Months Ended
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
| Net income |
|
$ |
369,816 |
|
|
$ |
113,309 |
|
|
$ |
741,521 |
|
|
$ |
38,152 |
|
| Less: Accretion of redeemable ordinary shares to redemption value |
|
|
(2,056,593 |
) |
|
|
(517,668 |
) |
|
|
(4,090,562 |
) |
|
|
(517,668 |
) |
| Net loss including accretion of redeemable ordinary shares to redemption value |
|
$ |
(1,686,777 |
) |
|
$ |
(404,359 |
) |
|
$ |
(3,349,041 |
) |
|
$ |
(479,516 |
) |
|
| Schedule of unaudited condensed statement of operations and comprehensive income |
| Schedule
of unaudited condensed statement of operations and comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Numerators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(1,292,178 |
) |
|
$ |
(394,599 |
) |
|
$ |
(233,655 |
) |
|
$ |
(170,704 |
) |
| Accretion of redeemable
ordinary shares to redemption value |
|
|
2,056,593 |
|
|
|
- |
|
|
|
517,668 |
|
|
|
- |
|
| Allocation of net
income (loss) |
|
$ |
764,415 |
|
|
$ |
(394,599 |
) |
|
$ |
284,013 |
|
|
$ |
(170,704 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average ordinary
shares outstanding |
|
|
5,595,000 |
|
|
|
1,708,575 |
|
|
|
1,927,167 |
|
|
|
1,407,954 |
|
| Basic earnings (loss)
per share |
|
$ |
0.14 |
|
|
$ |
(0.23 |
) |
|
$ |
0.15 |
|
|
$ |
(0.12 |
) |
Basic EPS presented on the unaudited condensed consolidated statement of operations and comprehensive income for the six months ended June 30, 2026 and 2025 is based on the following:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Six Months Ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Numerators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(2,565,577 |
) |
|
$ |
(783,464 |
) |
|
$ |
(201,545 |
) |
|
$ |
(277,971 |
) |
| Accretion of redeemable ordinary shares to redemption value |
|
|
4,090,562 |
|
|
|
- |
|
|
|
517,668 |
|
|
|
- |
|
| Allocation of net income (loss) |
|
$ |
1,524,985 |
|
|
$ |
(783,464 |
) |
|
$ |
316,123 |
|
|
$ |
(277,971 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average ordinary shares outstanding |
|
|
5,595,000 |
|
|
|
1,708,575 |
|
|
|
963,583 |
|
|
|
1,328,977 |
|
| Basic earnings (loss) per share |
|
$ |
0.27 |
|
|
$ |
(0.46 |
) |
|
$ |
0.33 |
|
|
$ |
(0.21 |
) |
|
| Diluted E P S [Member] |
|
| Schedule of Net income (loss) used in the calculation of basic and dilute EPS |
| Schedule
of Net income (loss) used in the calculation of basic and dilute EPS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the
Three Months Ended
June 30, |
|
|
For the
Six Months Ended
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
(Unaudited) |
|
| Net income |
|
$ |
369,816 |
|
|
$ |
113,309 |
|
|
$ |
741,521 |
|
|
$ |
38,152 |
|
| Less: Accretion of redeemable ordinary shares to redemption value |
|
|
(2,056,593 |
) |
|
|
(517,668 |
) |
|
|
(4,090,562 |
) |
|
|
(517,668 |
) |
| Less: accretion of ordinary share subject to redemption value of participating securities considered potentially dilutive |
|
|
- |
|
|
|
(12,163 |
) |
|
|
- |
|
|
|
(12,163 |
) |
| Net loss including accretion of redeemable ordinary shares to redemption value |
|
$ |
(1,686,777 |
) |
|
$ |
(416,522 |
) |
|
$ |
(3,349,041 |
) |
|
$ |
(491,679 |
) |
|
| Schedule of unaudited condensed statement of operations and comprehensive income |
| Schedule of unaudited condensed statement of operations and comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Numerators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(1,292,178 |
) |
|
$ |
(394,599 |
) |
|
$ |
(243,454 |
) |
|
$ |
(173,068 |
) |
| Accretion of redeemable ordinary shares to redemption value |
|
|
2,056,593 |
|
|
|
- |
|
|
|
529,831 |
|
|
|
- |
|
| Allocation of net income (loss) |
|
$ |
764,415 |
|
|
$ |
(394,599 |
) |
|
$ |
286,377 |
|
|
$ |
(173,068 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average ordinary shares outstanding |
|
|
5,595,000 |
|
|
|
1,708,575 |
|
|
|
1,980,556 |
|
|
|
1,407,954 |
|
| Diluted earnings (loss) per share |
|
$ |
0.14 |
|
|
$ |
(0.23 |
) |
|
$ |
0.14 |
|
|
$ |
(0.12 |
) |
Diluted EPS presented on the unaudited condensed consolidated statement of operations and comprehensive income for the six months ended June 30, 2026 and 2025 is based on the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Six Months Ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| |
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
|
Redeemable
Ordinary Share |
|
|
Non-Redeemable
Ordinary Share |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Numerators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(2,565,577 |
) |
|
$ |
(783,464 |
) |
|
$ |
(209,938 |
) |
|
$ |
(281,742 |
) |
| Accretion of redeemable ordinary shares to redemption value |
|
|
4,090,562 |
|
|
|
- |
|
|
|
529,831 |
|
|
|
- |
|
| Allocation of net income (loss) |
|
$ |
1,524,985 |
|
|
$ |
(783,464 |
) |
|
$ |
319,894 |
|
|
$ |
(281,742 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominators: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average ordinary shares outstanding |
|
|
5,595,000 |
|
|
|
1,708,575 |
|
|
|
990,278 |
|
|
|
1,328,977 |
|
| Diluted earnings (loss) per share |
|
$ |
0.27 |
|
|
$ |
(0.46 |
) |
|
$ |
0.32 |
|
|
$ |
(0.21 |
) |
|