v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Q2) - USD ($)
Jun. 30, 2026
Jun. 10, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Mar. 21, 2024
Current Assets                
Cash $ 437,369     $ 865,031     $ 1,129,684  
Prepaid expenses 43,875     42,539     115,006  
Accrued dividends 260,910     0        
Total Current Assets 742,154     907,570     1,244,690  
Cash and investments held in Trust Account 85,086,232     91,872,418     88,654,397  
Total Assets 85,828,386     92,779,988     89,899,087  
Current Liabilities                
Accrued expenses 3,628,077     2,254,244     210,811  
Total Current Liabilities 3,628,077     2,254,244     210,811  
Deferred underwriting fee 3,450,000     3,450,000     3,450,000  
Total Liabilities 7,078,077     5,704,244     3,660,811  
Commitments and Contingencies (Note 5)          
Class A ordinary shares subject to possible redemption, 7,870,992 and 8,625,000 shares at redemption value of approximately $10.81 and $10.65 per share as of June 30, 2026 and December 31, 2025, respectively 85,047,142     91,872,418     88,354,397  
Shareholders’ Deficit                
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025 0     0     0  
Accumulated deficit (6,297,078)     (4,796,919)     (2,116,366)  
Total Shareholders’ Deficit (6,296,833)   $ (5,655,508) (4,796,674) $ (2,265,275) $ (2,372,079) (2,116,121) $ 0
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 85,828,386     92,779,988     89,899,087  
Class A Ordinary Shares [Member]                
Current Assets                
Cash and investments held in Trust Account   $ 85,170,000            
Current Liabilities                
Class A ordinary shares subject to possible redemption, 7,870,992 and 8,625,000 shares at redemption value of approximately $10.81 and $10.65 per share as of June 30, 2026 and December 31, 2025, respectively 85,047,142     91,872,418     88,354,397  
Shareholders’ Deficit                
Ordinary shares - $0.0001 par value 29     29     29  
Class B Ordinary Shares [Member]                
Shareholders’ Deficit                
Ordinary shares - $0.0001 par value $ 216     $ 216     $ 216 [1]  
[1] This number includes up to 281,250 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter (Notes 4 and 6). On June 13, 2024, the underwriter exercised its over-allotment option in full as part of the closing of the Initial Public Offering. As such, 281,250 Founder Shares were no longer subject to forfeiture.