v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 10 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2025
Cash Flows from Operating Activities:        
Net income $ 1,498,431 $ 3,136,231 $ 4,209,339 $ 5,539,430
Adjustments to reconcile net income to net cash used in operating activities:        
Formation costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares     6,236
Interest earned on marketable securities and cash held in Trust Account (2,879,103) (3,523,660) (4,407,016) (6,998,961)
Payment of general and administrative costs through IPO Promissory Note – related party     10,420
Change in fair value of Over-Allotment Option liability     (169,119)
Interest due from Everli (314,204) (2,540) (555,862)
Interest expense on Working Capital loan 7,758    
Interest expense on Sponsor Loan 319,201 109 539,932
Changes in operating assets and liabilities:        
Prepaid expenses 42,942 45,083 (236,346) 165,494
Due from Sponsor    
Accounts payable and accrued expenses 999,968 22,328 41,252 535,709
Net cash used in operating activities (325,007) (322,449) (545,234) (774,258)
Cash Flows from Investing Activities:        
Cash withdrawn from Trust Account in connection with redemptions 131,489,166    
Investment of cash in Trust Account     (160,000,000)
Payment of invoices on behalf of Everli (228,079) (3,250,000)
Net cash provided by (used in) investing activities 131,489,166 (228,079) (160,000,000) (3,250,000)
Cash Flows from Financing Activities:        
Redemption of Class A Ordinary Shares (131,489,166)    
Proceeds from Working Capital Loan 223,079    
Proceeds from sale of Units, net of underwriting discounts paid     157,000,000
Proceeds from sale of Private Placements Warrants     5,000,000
Repayment of IPO Promissory Note – related party     (249,389)
Proceeds from Sponsor Loan 71,921 228,079 3,178,079
Payment of offering costs     (327,123)
Net cash (used in) provided by financing activities (131,194,166) 228,079 161,423,488 3,178,079
Net Change in Cash (30,007) (322,449) 878,254 (846,179)
Cash – Beginning of period 32,075 878,254 878,254
Cash – End of period 2,068 555,805 878,254 32,075
Non-Cash investing and financing activities:        
Capital contribution from Everli for Trust extension 78,478    
Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares     18,764
Deferred offering costs paid through IPO Promissory Note – related party     238,969
Reduction of Deferred Fee payable $ 4,885,024 6,600,000
Over-allotment liability at Initial Public Offering date     169,119
Forfeiture of Class B Ordinary Shares     $ 44