| 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 500,000,000 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 September 30, 2025 and December 31, 2024, there were 114,053 and 2,000,000 Class A ordinary shares subject to possible redemption, respectively, which 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 | | | Increase in redemption value of Class A ordinary shares subject to possible redemption | | | 71,011 | | | Class A ordinary shares subject to possible redemption at September 30, 2025 | | $ | 1,373,652 | |
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