v3.26.1
Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 174,974 $ 223
Due from Sponsor, net of reserve for credit losses of $782,113 and $812,113 as of June 30, 2026 and December 31, 2025, respectively.
Prepaid expenses 42,849 25,814
Total Current Assets 217,823 26,037
Non-current Assets:    
Cash and investments held in Trust Account 513,882,333 504,933,800
Total Non-current Assets 513,882,333 504,933,800
TOTAL ASSETS 514,100,156 504,959,837
Current liabilities:    
Accounts payable 12,253 99,359
Accrued expenses 69,159 88,343
Accrued offering costs 113,162 113,162
Promissory notes 450,000
Total Current Liabilities 644,574 300,864
Non-current Liabilities:    
Deferred underwriting fee payable 17,500,000 17,500,000
Total Non-current Liabilities 17,500,000 17,500,000
TOTAL LIABILITIES 18,144,574 17,800,864
Commitments and Contingencies (Note 7)
Ordinary shares subject to possible redemption, 50,000,000 shares at redemption value of $10.28 and $10.10 per share as of June 30, 2026 and December 31, 2025, respectively 513,882,333 504,933,800
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Ordinary shares, $0.0001 par value; 220,000,000 shares authorized; 13,700,000 shares issued and outstanding, excluding 50,000,000 shares subject to redemption as of June 30, 2026 and December 31, 2025 1,369 1,369
Additional paid-in capital
Accumulated deficit (17,928,120) (17,776,196)
Total Shareholders’ Deficit (17,926,751) (17,774,827)
TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT $ 514,100,156 $ 504,959,837