v3.26.1
FINANCIAL INCOME AND EXPENSES
 6 Months Ended
Jun. 30, 2026
Investments, All Other Investments [Abstract]  
FINANCIAL INCOME AND EXPENSES

NOTE 8 – FINANCIAL INCOME AND EXPENSES

 

    Financial income represents interest earned on funds in the Trust account (see Note 1c), which amounted to $11,000 and $188,000 for the six months ended June 30, 2026 and 2025, respectively.
     
    Financial expenses represents interest accrued on the Sponsor loan and Promissory notes, which amounted to $101,000 and 62,000 for the six months ended June 30, 2026 and 2025, respectively, For the six months ended June 30, 2026, interest of $101,000 consisted of $39,000 on the Sponsor loan (see Note 6) and $62,000 on the Promissory notes (see Note 7). For the six months ended June 30, 2025, interest of $62,000 consisted of $34,000 on the Sponsor loan (see Note 6) and $28,000 on the Promissory notes (see Note 7).