v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,252,516 $ 736,204
Prepaid insurance 307,750 307,750
Prepaid expenses 53,832 18,800
Total current assets 1,614,098 1,062,754
Prepaid insurance – long-term 143,120 296,995
Marketable securities and cash held in Trust Account 420,879,831 414,549,783
Total Assets 422,637,049 415,909,532
Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit:    
Accrued expenses 520,360 55,667
Accrued offering costs 75,000 75,000
Subscription Agreement liability 137,772,195
Deferred underwriting fee payable 1,500,000
Total Current Liabilities 139,867,555 130,667
Deferred underwriting fee payable 14,490,000 15,990,000
Total Liabilities 154,357,555 16,120,667
Commitments and Contingencies  
Ordinary shares subject to possible redemption 420,879,831 414,000,000
Preference Shares Value
Additional paid-in capital
Accumulated deficit (152,601,767) (14,212,565)
Total Shareholders’ Deficit (152,600,337) (14,211,135)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 422,637,049 415,909,532
Class A Ordinary Shares    
Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit:    
Ordinary Shares Value 50 50
Class B Ordinary Shares    
Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit:    
Ordinary Shares Value $ 1,380 $ 1,380 [1],[2]
[1] On June 4, 2025, the Company issued 8,625,000 Founder Shares to the Sponsor. In November 2025 and December 2025, the Company issued an additional 2,875,000 and 2,300,000 Founder Shares, respectively, to the Sponsor, resulting in a total of 13,800,000 Founder Shares (see Note 5).
[2] Up to 1,800,000 Class B ordinary shares were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised. On December 18, 2025, the underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering, as such, the 1,800,000 Founder Shares are no longer subject to forfeiture (see Note 5).