v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2025
SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

 

Ordinary Shares subject to possible redemption, December 31, 2025  $69,471,486 
Plus:     
Accretion in value of redeemable shares   1,232,214 
Ordinary Shares subject to possible redemption, June 30, 2026  $70,703,700 

 

Gross proceeds  $69,000,000 
Less:     
      
Proceeds allocated to Public Warrants   (2,809,680)
Proceeds allocated to Over-allotment Option   (66,600)
Issuance costs allocated to Ordinary Shares subject to possible redemption   (1,759,601)
Plus:     
Accretion of carrying value to redemption value   5,107,367 
Ordinary Shares subject to possible redemption, December 31, 2025  $69,471,486 
  
SCHEDULE OF NET INCOME PER SHARE

The net income per share presented in the statement of operations is based on the following:

 

SCHEDULE OF NET INCOME PER SHARE  

   For the
three months ended
June 30, 2026		   For the
Period from
June 24, 2025
(Inception) through
June 30, 2025		   For the
six months ended
June 30, 2026		 
   Redeemable
Ordinary Shares		   Non-redeemable
Ordinary Shares		   Redeemable
Ordinary Shares		   Non-redeemable
Ordinary Shares		   Redeemable
Ordinary Shares		   Non-redeemable
Ordinary Shares		 
Basic and diluted net income per ordinary share                              
Numerator:                              
Allocation of net income (loss)  $73,008   $20,401   $-   $(25,128)  $434,462    121,404 
Denominator:                              
Basic and diluted weighted average shares outstanding   6,900,000    1,928,100    -    1,725,000    6,900,000    1,928,100 
Basic and diluted net income per ordinary share  $0.01   $0.01   $-   $(0.01)  $0.06    0.06 

The net income per share presented in the statement of operations is based on the following:

 

SCHEDULE OF NET INCOME PER SHARE  

   For the
Period from
June 24, 2025
(Inception) through
December 31, 2025		 
   Redeemable Ordinary Shares   Non-redeemable Ordinary Shares 
Basic and diluted net income per ordinary share          
Numerator:          
Allocation of net income  $183,760   $132,749 
Denominator:          
Basic and diluted weighted average shares outstanding   2,450,526    1,770,262 
Basic and diluted net income per ordinary share  $0.07   $0.07 
  
SCHEDULE OF SEGMENT REPORTING

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

 

  

For the

Six Months Ended
June 30, 2026

 
Formation and operating costs  $(676,348)
Interest income on trust account  $1,232,214 
Cash and marketable securities held in trust account  $70,703,700 

When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

 

  

For the

Period from
June 24, 2025
(inception) through
December 31, 2025

 
Formation and operating costs  $(154,977)
Interest income on trust account  $471,486 
Cash and marketable securities held in trust account  $69,471,486 
  
CADV Ventures S.A [Member]      
SCHEDULE OF NET INCOME PER SHARE    

Basic and diluted earnings/(loss) per ordinary share for each of the year presented is calculated as follows:

 SCHEDULE OF BASIC AND DILUTED EARNINGS LOSS PER ORDINARY SHARE

   2025   2024 
   For the years ended
December 31,		 
   2025   2024 
   US$   US$ 
Numerators        
Net income/(loss)   110,132    (502,769)
           
Denominators          
Weighted average number of Ordinary Shares outstanding-Basic and diluted*   3,892,467    3,200,050 
Net income/(loss) per Ordinary Share-Basic and diluted*   0.03    (0.16)
SCHEDULE OF CURRENCY EXCHANGE RATES    

The following table outlines the currency exchange rates that were used in creating the financial statements in this report, representing the certified exchange rate published by the Narodowy Bank Polski:

 

   As of December 31, 
   2025   2024 
PLN into US$ for balance sheet items, except for equity accounts   3.6016    4.1012 

 

 

   For the years ended December 31 
   2025   2024 
PLN into US$ for items in the statements of operations and comprehensive income, and cash flows   3.7588    3.9799 
SCHEDULE OF GROSS REVENUE DISAGGREGATED BY MAJOR SERVICE LINES AND TIMING OF REVENUE RECOGNITION    

A summary of the Company’s gross revenue disaggregated by major service lines and timing of revenue recognition for the years ended December 31, 2024 and 2025, respectively, are as follows:

  

   2025   2024 
   For the years ended
December 31,		 
   2025   2024 
   US$   US$ 
By revenue streams          
IT support service   545,219    348,205 
Outsourced human resources service   213,050    186,216 
Licensing service   14,564    4,645 
Total   772,833    539,066 
           
Timing of revenue recognition          
Service transferred overtime   772,833    539,066 
SCHEDULE OF SEGMENT REPORTING    

The following table presents financial information regularly provided to the CODM and included in the measure of segment profit or loss:

  

   2025   2024 
   For the years ended December 31, 
   2025   2024 
   US$   US$ 
Revenues   772,833    539,066 
Less: Cost of revenues   199,246    195,229 
Gross profit   573,587    343,837 
Less: Operating expenses   456,418    799,632 
Operating income (loss)   117,169    (455,795)
Other expense, net   (7,037)   (46,974)
Segment net income (loss)   110,132    (502,769)
Reconciliation of profit and loss   -    - 
Net profit (loss)   110,132    (502,769)

 

Significant Segment Expenses

 

The following table shows the significant expense disclosure for the reportable segment:

 

   2025   2024 
   For the years ended December 31, 
   2025   2024 
   US$   US$ 
Research and development expenses   256,858    649,169 
Subcontracting costs   182,426    183,971 
Professional fees   113,059    20,169 
Staff salaries, social securities and benefits   74,248    50,926 
Interest expenses   26,007    45,337 
Marketing expenses   -    43,273 
Other expenses   10,103    48,990 
Total expenses deducted from segment revenue to arrive at reported segment net income (loss)   662,701    1,041,835 
Kukugan Invest [Member]      
SCHEDULE OF NET INCOME PER SHARE

Basic and diluted (loss) earnings per ordinary share for each of the period presented is calculated as follows:

 

        
   Successor    Predecessor
  

For the period from

January 6 through

June 30,

   

For the period from

January 1

through 5,

 

For the six

months ended

June 30,

   2026    2026  2025
   US$    US$  US$
Numerators           
Net (loss) income   (105,668)     (333)   190,747 
Denominators                 
Weighted average number of Ordinary Shares outstanding-Basic and diluted*   100,000      22,640,989    3,200,050 
Net (loss) income per Ordinary Share-Basic and diluted*   (1.06)     (0.00)   0.05 
    
SCHEDULE OF CURRENCY EXCHANGE RATES

The following table outlines the currency exchange rates that were used in creating the financial statements in this report, representing the certified exchange rate published by the Narodowy Bank Polski:

 

  

As of

June 30, 2026

 

As of

December 31, 2025

PLN into US$ for balance sheet items, except for equity accounts   3.7708    3.8643 

 

  

For the period from

January 6 through

June 30,

 

For the six

months ended

June 30,

   2026  2025
PLN into US$ for items in the statements of operations and comprehensive (loss) income, and cash flows   3.6388    3.8763 

 

  

For the period from

January 1 through 5

   2026
PLN into US$ for items in the statements of operations and comprehensive loss, and cash flows   3.6004 
    
SCHEDULE OF GROSS REVENUE DISAGGREGATED BY MAJOR SERVICE LINES AND TIMING OF REVENUE RECOGNITION

A summary of the Company’s gross revenue disaggregated by major service lines and timing of revenue recognition for the Successor period from January 6 through June 30, 2026, Predecessor periods from January 1 through January 5, 2026 and six months ended June 30, 2025, respectively, are as follows:

 

Point-in-time revenue for the Successor period from January 6 through June 30, 2026 consists of revenue from (i) IT migration services of $388,564, recognized upon completion and customer acceptance in March 2026, and (ii) fixed-scope software delivery services of $100,217, recognized upon completion and customer acceptance. Revenue transferred over time consists of IT support services, outsourced human resource services and technical assistance services recognized ratably or as services are rendered over the applicable service periods.

 

   Successor    Predecessor  Predecessor
   Successor    Predecessor
  

For the period from

January 6 through

June 30,

   

For the period

from January 1

through 5

 

For the six

months ended

June 30,

   2026    2026  2025
   US$    US$   
By revenue streams                
IT support service  US$215,625     US$—   US$389,402 
Outsourced human resources service   56,063      —    78,319 
IT migration service   388,564      —    — 
Software testing and development service   114,672      —    — 
Licensing service   —      —    9,387 
Total   774,924      —    477,108 
Timing of revenue recognition                 
Service transferred overtime   286,143      —    477,108 
Service transferred at point of time   488,781      —    — 
Total   774,924      —    477,108 
    
Kukugan Invest [Member] | Single Reportable Segment [Member]      
SCHEDULE OF SEGMENT REPORTING

The following table presents financial information regularly provided to the CODM and included in the measure of segment profit or loss:

 

   Successor    Predecessor  Predecessor
   Successor    Predecessor
  

For the period from

January 6 through

June 30,

   

For the period

from January 1

through 5

 

For the six

months ended

June 30,

   2026    2026  2025
   US$    US$   
Revenues   774,924      —    477,108 
Less: Cost of revenues   668,956      —    80,677 
Gross profit   105,968      —    396,431 
Less: Operating expenses   190,056      333    170,562 
Operating (loss) income   (84,088)     (333)   225,869 
Other expense, net   (21,580)     —    (35,122)
Segment net (loss) income   (105,668)     (333)   190,747 
Reconciliation of profit and loss   —      —    — 
Net (loss) profit   (105,668)     (333)   190,747 

 

 

The following table shows the significant expense disclosure for the reportable segment:

 

   Successor    Predecessor  Predecessor
   Successor    Predecessor
  

For the period from

January 6 through

June 30,

   

For the period

from January 1

through 5

 

For the six

months ended

June 30,

   2026    2026  2025
   US$    US$   
Research and development expenses  US$—     US$—   US$35,032 
Subcontracting costs   663,013      —    80,677 
Professional fees   160,906      —    11,441 
Staff salaries, social securities and benefits   19,331      —    31,589 
Interest expenses   3,843      —    14,344 
Exchange loss   13,764      —    22,335 
Bad debt provision   6,527      —    — 
Other expenses   13,208      333    90,943 
Total expenses deducted from segment revenue to arrive at reported segment loss   880,592      333    286,361