v3.26.3
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
General and administrative expenses $ 1,749,054 $ 708,433 $ 2,530,706 $ 3,211,228
General and administrative expenses—related party 30,000 30,000 90,000 90,000
Total operating expenses (1,779,054) (738,433) (2,620,706) (3,301,228)
Other income (expense):        
Change in fair value of derivative warrant liabilities 524,450 2,539,980 2,982,160 1,028,330
Change in fair value of backstop agreement (2,484) (39,110) (34,486)
Gain from extinguishment of backstop agreement 233,350
Gain from extinguishment of liabilities 1,045,747 1,045,747
Gain on sale of payment rights 2,925,000 2,925,000
Issuance of backstop agreement (283,739)
Income from cash held in Trust Account 71,011 964,354 444,831 2,841,789
Net income $ 2,787,154 $ 2,763,417 $ 4,971,272 $ 250,666
Class A Ordinary Redeemable Shares        
Other income (expense):        
Weighted average shares outstanding, basic (in Shares) 114,053 9,077,959 1,274,636 9,077,959
Weighted average shares outstanding, diluted (in Shares) 114,053 9,077,959 1,274,636 9,077,959
Basic net income per share (in Dollars per share) $ 0.19 $ 0.12 $ 0.32 $ 0.01
Diluted net income per share (in Dollars per share) $ 0.19 $ 0.12 $ 0.32 $ 0.01
Class B Ordinary Non-Redeemable Shares        
Other income (expense):        
Weighted average shares outstanding, basic (in Shares) 14,375,000 14,375,000 14,375,000 14,375,000
Weighted average shares outstanding, diluted (in Shares) 14,375,000 14,375,000 14,375,000 14,375,000
Basic net income per share (in Dollars per share) $ 0.19 $ 0.12 $ 0.32 $ 0.01
Diluted net income per share (in Dollars per share) $ 0.19 $ 0.12 $ 0.32 $ 0.01