v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of Class A ordinary shares, classified as temporary equity in the balance sheets

Gross proceeds from Initial Public Offering

  ​ ​ ​

$

115,000,000

Less:

 

Proceeds allocated to Public Warrants

 

(5,102,550)

Offering costs allocated to Class A ordinary shares subject to possible redemption

 

(6,519,382)

Add:

 

Re-measurement of Class A ordinary shares subject to possible redemption

 

13,922,293

Class A ordinary shares subject to possible redemption, December 31, 2021

 

117,300,361

Re-measurement of Class A ordinary shares subject to possible redemption

 

1,691,913

Class A ordinary shares subject to possible redemption, December 31, 2022

118,992,274

Redemption of Class A ordinary shares subject to possible redemption

(77,625,038)

Re-measurement of Class A ordinary shares subject to possible redemption

6,099,375

Class A ordinary shares subject to possible redemption, December 31, 2023

47,466,611

Redemption of Class A ordinary shares subject to possible redemption

(36,721,262)

Re-measurement of Class A ordinary shares subject to possible redemption

3,469,969

Class A ordinary shares subject to possible redemption, December 31, 2024

14,215,318

Re-measurement of Class A ordinary shares subject to possible redemption

1,094,813

Class A ordinary shares subject to possible redemption, December 31, 2025

$

15,310,131

Summary of basic and diluted net income (loss) per ordinary share

  ​ ​ ​

For the Year Ended

December 31, 2025

Net income (loss)

$

(1,004,004)

Accretion of temporary equity to redemption value

 

(1,094,813)

Net loss including accretion of temporary equity to redemption value

$

(2,098,817)

For the Year Ended

December 31, 2025

  ​ ​ ​

Class A

  ​ ​ ​

Class B

Basic and diluted net income (loss) per share:

Numerator:

 

 

Allocation of net loss including accretion of temporary equity

$

(612,762)

$

(1,486,055)

Allocation of accretion of temporary equity to redemption value

 

1,094,813

 

Allocation of net income (loss)

$

482,051

$

(1,486,055)

Denominator:

 

 

Weighted-average shares outstanding

 

1,185,481

 

2,875,000

Basic and diluted net income (loss) per share

$

0.41

$

(0.52)

For the Year Ended

  ​ ​ ​

December 31, 2024

Net income (loss)

$

(100,031)

Accretion of temporary equity to redemption value

 

(3,469,968)

Net loss including accretion of temporary equity to redemption value

$

(3,569,999)

For the Year Ended

December 31, 2024

  ​ ​ ​

Class A

  ​ ​ ​

Class B

Basic and diluted net income (loss) per share:

  ​

  ​

Numerator:

 

  ​

 

  ​

Allocation of net loss including accretion of temporary equity

$

(2,099,369)

$

(1,470,630)

Allocation of accretion of temporary equity to redemption value

 

3,469,969

 

Allocation of net income (loss)

$

1,370,599

$

(1,470,630)

Denominator:

 

 

Weighted-average shares outstanding

 

4,104,151

 

2,875,000

Basic and diluted net income (loss) per share

$

0.33

$

(0.51)