v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of the amount of Class A ordinary shares reflected on the balance sheets

​

​

​

​

​

​

​

​

  ​ ​ ​

Amount

  ​ ​ ​

Shares

Class A ordinary shares subject to possible redemption, January 1, 2025

​

$

106,926,172

 

10,000,000

​

​

​

​

​

​

Plus:

​

​

​

​

​

Remeasurement adjustment on redeemable ordinary shares

​

​

2,246,142

​

—

Class A ordinary shares subject to possible redemption, June 30, 2025

​

$

109,172,314

​

10,000,000

​

​

​

​

​

​

Class A ordinary shares subject to possible redemption, January 1, 2026

​

$

25,164,437

​

2,236,713

​

​

​

​

​

​

Plus:

​

​

​

​

​

Remeasurement adjustment on redeemable ordinary shares

​

​

649,211

​

—

Class A ordinary shares subject to possible redemption, June 30, 2026

​

$

25,813,648

​

2,236,713

As of December 31, 2025 and 2024, the amount of Class A ordinary shares reflected on the balance sheets are reconciled in the following table:

​

​

​

​

​

​

​

  ​ ​ ​

Amount

  ​ ​ ​

Shares

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

​

$

101,677,510

​

10,000,000

​

​

​

​

​

​

Plus:

 

​

​

​

  ​

Remeasurement adjustment on redeemable ordinary shares

 

​

5,248,662

​

—

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

​

​

106,926,172

​

10,000,000

​

​

​

​

​

​

Plus:

​

​

​

​

​

Remeasurement adjustment on redeemable ordinary shares

​

​

3,078,881

​

—

Less:

​

​

​

​

​

Redemption of Class A ordinary Shares

​

​

(84,840,616)

​

(7,763,287)

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

​

$

25,164,437

​

2,236,713

Schedule of the calculation of basic and diluted net income (loss) per ordinary share

​

​

​

​

​

​

​

​

​

​

For the six months ended

​

​

June 30,

​

June 30,

​

  ​ ​ ​

2025

  ​ ​ ​

2024

Class A Redeemable ordinary shares

 

​

  ​

 

​

  ​

Numerator: Allocation of net income, as adjusted

​

$

551,034

​

$

999,399

Denominator: Basic and diluted weighted average shares outstanding

​

 

10,000,000

​

 

10,000,000

Basic and diluted net income per Class A Ordinary Share

​

$

0.06

​

$

0.10

Class B Non-redeemable ordinary shares

​

 

  ​

​

 

  ​

Numerator: Allocation of net income, as adjusted

​

$

353,878

​

$

641,822

Denominator: Basic and diluted weighted average shares outstanding

​

 

6,422,078

​

 

6,422,078

Basic and diluted net income per Class B Ordinary Share

​

$

0.06

​

$

0.10

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the six months ended

​

​

June 30, 

​

June 30, 

​

​

2026

  ​ ​ ​

2025

Class A Redeemable ordinary shares

 

​

  ​

 

​

  ​

Numerator: Allocation of net income (loss), as adjusted

​

$

(450,785)

​

$

551,034

Denominator: Basic and diluted weighted average shares outstanding

​

 

2,236,713

​

 

10,000,000

Basic and diluted net income (loss) per Class A Ordinary Share

​

$

(0.20)

​

$

0.06

Class B Non-redeemable ordinary shares

​

 

​

​

 

​

Numerator: Allocation of net income (loss), as adjusted

​

$

(1,294,299)

​

$

353,878

Denominator: Basic and diluted weighted average shares outstanding

​

 

6,422,078

​

 

6,422,078

Basic and diluted net income (loss) per Class B Ordinary Share

​

$

(0.20)

​

$

0.06

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the three months ended

​

​

June 30, 

​

June 30, 

​

​

2026

  ​ ​ ​

2025

Class A Redeemable ordinary shares

 

​

  ​

 

​

  ​

Numerator: Allocation of net income (loss), as adjusted

​

$

(426,453)

​

$

220,790

Denominator: Basic and diluted weighted average shares outstanding

​

 

2,236,713

​

 

10,000,000

Basic and diluted net income (loss) per Class A Ordinary Share

​

$

(0.19)

​

$

0.02

Class B Non-redeemable ordinary shares

​

 

​

​

 

​

Numerator: Allocation of net income (loss), as adjusted

​

$

(1,224,436)

​

$

141,793

Denominator: Basic and diluted weighted average shares outstanding

​

 

6,422,078

​

 

6,422,078

Basic and diluted net income (loss) per Class B Ordinary Share

​

$

(0.19)

​

$

0.02

​

​

​

​

​

​

​

​

​

​

For the Year

​

For the Year

​

​

Ended

​

Ended

​

​

December 31, 

​

December 31, 

​

  ​ ​ ​

2025

  ​ ​ ​

2024

Class A Redeemable ordinary shares

 

​

  ​

 

​

  ​

Numerator: Allocation of net income, as adjusted

​

$

145,133

​

$

1,918,436

Denominator: Basic and diluted weighted average shares outstanding

​

 

6,277,876

​

 

10,000,000

Basic and diluted net income per Class A redeemable ordinary share

​

$

0.02

​

$

0.19

Class A and B non-redeemable ordinary shares

​

 

​

​

 

​

Numerator: Allocation of net income, as adjusted

​

$

148,467

​

$

1,232,035

Denominator: Basic and diluted weighted average shares outstanding

​

 

6,422,078

​

 

6,422,078

Basic and diluted net income per Class A and B non-redeemable ordinary share

​

$

0.02

​

$

0.19