v3.26.3
Condensed Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 8,608 $ 518
Prepaid expenses 7,163 259,601
Total current assets 15,771 260,119
Cash held in Trust Account 1,373,652 22,852,136
Total Assets 1,389,423 23,112,255
Current liabilities:    
Accounts payable 475,295 669,205
Due to Continental 172,500
Accrued expenses 136,671 3,248,577
Total current liabilities 611,966 4,090,282
Promissory Notes—related party 14,040,982 12,717,746
Backstop agreement liability 194,240
Advances from related party 1,315,426 1,259,772
Working Capital Loans—related party 1,474,000 1,474,000
Derivative warrant liabilities 128,545 3,110,705
Deferred underwriting commissions 20,125,000 20,125,000
Total liabilities 37,695,919 42,971,745
Commitments and Contingencies
Shareholders’ Deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of September 30, 2025 and December 31, 2024
Additional paid-in capital 861,527
Accumulated deficit (38,543,113) (42,440,564)
Total shareholders’ deficit (37,680,148) (42,439,126)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 1,389,423 23,112,255
Class A Ordinary Shares    
Current liabilities:    
Class A ordinary shares subject to possible redemption, $0.0001 par value; 114,053 and 2,000,000 shares at redemption value of approximately $12.04 and $11.29 per share as of September 30, 2025 and December 31, 2024, respectively 1,373,652 22,579,636
Shareholders’ Deficit:    
Ordinary shares value 1,421
Class B Ordinary Shares    
Shareholders’ Deficit:    
Ordinary shares value $ 17 $ 1,438