v3.26.3
Class A Ordinary Shares Subject to Possible Redemption
6 Months Ended
Jun. 30, 2025
Class A Ordinary Shares Subject to Possible Redemption [Abstract]  
Class A Ordinary Shares Subject to Possible Redemption

Note 6—Class A Ordinary Shares Subject to Possible Redemption

 

The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 100,000,000 shares of Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of June 30, 2025 and December 31, 2024, there were 2,000,000 Class A ordinary shares outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the balance sheets.

 

The Class A ordinary shares subject to possible redemption reflected on the condensed balance sheets are reconciled on the following table:

 

Class A ordinary shares subject to possible redemption at December 31, 2023   $ 98,698,296  
Redemption of Public Shares     (80,684,883 )
Deposit in connection with Extension Amendment Proposal     880,000  
Increase in redemption value of Class A ordinary shares subject to possible redemption     3,686,223  
Class A ordinary shares subject to possible redemption at December 31, 2024   $ 22,579,636  
Increase in connection with Trust Account receivable (see Note 2)     135,122  
Deposit in connection with Extension Amendment Proposal     400,000  
Increase in redemption value of Class A ordinary shares subject to possible redemption     282,944  
Class A ordinary shares subject to possible redemption at March 31, 2025   $ 23,397,702  
Due to redeeming shareholders     (22,485,938 )
Deposit in connection with Extension Amendment Proposal     200,000  
Increase in redemption value of Class A ordinary shares subject to possible redemption     190,877  
Class A ordinary shares subject to possible redemption at June 30, 2025   $ 1,302,641