v3.26.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
1 Months Ended 6 Months Ended 7 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Dec. 31, 2025
Cash Flows from Operating Activities:      
Net income (loss) $ (22,045) $ (131,509,371) $ 382,098
Adjustments to reconcile net income to net cash used in operating activities:      
Payment of operation costs through promissory note     76,717
Payment of general and administrative costs through promissory note – related party 334  
Interest earned on marketable securities and cash held in Trust Account (7,330,048) (549,783)
Subscription agreement expense 39,072,918  
Change in fair value of subscription agreement liability 98,699,277  
Changes in operating assets and liabilities:      
Prepaid expenses (35,032) 7,203
Prepaid insurance     (307,750)
Long-term prepaid insurance 153,875 (296,995)
Accrued expenses 21,711 464,693  
Accounts payable and accrued expenses     55,666
Net cash used in operating activities (483,688) (632,844)
Cash Flows from Investing Activities:      
Investment of cash in Trust Account     (414,000,000)
Cash withdrawn from Trust Account for working capital purposes 1,000,000  
Net cash provided by investing activities 1,000,000 (414,000,000)
Cash Flows from Financing Activities:      
Proceeds from sale of Units, net of underwriting discounts paid     407,790,000
Proceeds from sale of Private Placement Units     5,000,000
Underwriters’ reimbursement     3,210,000
Repayment of IPO Promissory Note – related party     (356,062)
Payment of offering costs     (274,890)
Net cash provided by financing activities     415,369,048
Net Change in Cash 516,312 736,204
Cash – Beginning of period 736,204
Cash – End of period 1,252,516 736,204
Non-cash investing and financing activities:      
Deferred offering costs included in accrued offering costs 37,500 75,000
Prepaid services contributed by Sponsor in exchange for the issuance of Class B Ordinary Shares to the Sponsor 25,000  
Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares     25,000
Deferred offering costs paid through IPO Promissory Note – related party     278,342
Prepaid services contributed by Sponsor through promissory note – related party $ 2,006 1,003
Deferred Fee payable   $ 15,990,000 $ 15,990,000