v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited)
 6 Months Ended
Jun. 30, 2026
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (506,244)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of general and administrative and operating costs through promissory note – related party 25,889
Gain on change in fair value of forward contract (957,000)
Compensation expense 1,338,475
Changes in operating assets and liabilities:  
Prepaid expenses (99,619)
Prepaid insurance (155,899)
Long-term prepaid insurance (114,410)
Accounts payable and accrued expenses 1,798,249
Net cash provided by operating activities 1,329,441
Cash Flows from Investing Activities:  
Purchase of money market funds held in Trust Account (253,000,000)
Interest earned on investments held in Trust Account (2,277,090)
Cash withdrawn from Trust Account for working capital purposes 500,000
Net cash used in investing activities (254,777,090)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 248,600,000
Proceeds from sale of Private Placements Warrants 7,400,000
Advances from related party 10,164
Repayment of promissory note - related party (149,276)
Repayment of advances from related party (10,164)
Payment of offering costs (648,772)
Net cash provided by financing activities 255,201,952
Net Change in Cash 1,754,303
Cash – Beginning of period
Cash – End of period 1,754,303
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs 10,208
Offering costs paid through promissory note – related party 6,325
Prepaid expenses paid through promissory note – related party 4,644
Deferred underwriting fee payable 12,045,000
Accretion of Class A ordinary shares subject to possible redemption $ 22,340,419