SHAREHOLDERS’ DEFICIT |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| SHAREHOLDERS’ DEFICIT | NOTE 8. SHAREHOLDERS’ DEFICIT
Preference Shares – The Company is authorized to issue up to preference shares, $ par value. As of March 31, 2026 and December 31, 2025, preference shares were issued or outstanding.
Class A Ordinary Shares – The Company is authorized to issue up to Class A ordinary shares, $par value. As of March 31, 2026 and December 31, 2025, there were Class A ordinary shares issued and outstanding, consisting of shares subject to possible redemption (classified as temporary equity) and non-redeemable shares. Of the non-redeemable Class A shares, are held by Samara, are held by the Former Sponsor as Retained Securities, and the remaining shares are held by other holders.
Class B Ordinary Shares – The Company is authorized to issue up to Class B ordinary shares, $ par value. As of March 31, 2026 and December 31, 2025, there was 1 Class B ordinary share issued and outstanding, held by Samara following the closing of the Sponsor Purchase Agreement. Only the holder of the Class B ordinary share has the right to elect directors prior to an Initial Business Combination.
Additional Paid-in Capital – During the year ended December 31, 2025, the Company recognized $5,050,793 in additional paid-in capital, representing the fair value of the capital contribution made by the Former Sponsor in connection with the discharge and forgiveness of related-party and third-party liabilities described in Note 5.
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