v3.26.3
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities:            
Net income     $ 1,593,435 $ 4,466,724 $ 8,019,450 $ 5,233,485
Adjustments to reconcile net income to net cash used in operating activities:            
Payment of operation costs through promissory note           32,151
Interest earned on cash held in Trust Account $ (2,132,285) $ (2,489,888) (4,263,818) (4,933,194) (9,844,588) (5,764,764)
Non-redemption agreements expenses 697,987 0 697,987 0    
Changes in operating assets and liabilities:            
Prepaid expenses     115,387 14,068    
Prepaid expenses and other current assets         121,913 (237,465)
Long-term prepaid insurance       109,710 109,710 (109,710)
Due to related party     (14,663)   14,663  
Accrued expenses     1,692,122 55,302 1,184,923 (65,707)
Net cash used in operating activities     (179,550) (287,390) (393,929) (912,010)
Cash Flows from Investing Activities:            
Cash withdrawn from Trust Account in connection with redemption     158,489,876      
Investment of cash in Trust Account           (230,000,000)
Net cash provided by investing activities     158,489,876     (230,000,000)
Cash Flows from Financing Activities:            
Proceeds from sale of Units, net of underwriting discounts paid           226,000,000
Payment of offering costs       (85,000) (85,000) (452,674)
Proceeds from promissory note - related party     200,000      
Redemption of ordinary shares     (158,489,876)      
Advance from related party           5,696
Repayment of promissory note - related party           (155,688)
Net cash used in financing activities     (158,289,876) (85,000) (85,000) 231,391,638
Net Change in Cash     20,450 (372,390) (478,929) 479,628
Cash - Beginning of period     699 479,628 479,628  
Cash - End of period 21,149 $ 107,238 21,149 $ 107,238 $ 699 479,628
Non-Cash investing and financing activities:            
Conversion of Class B Ordinary Shares to Class A Ordinary Shares     575      
Equity contribution from Non-Redemption Agreements $ 697,987   $ 697,987      
Offering costs included in accrued offering costs           85,000
Deferred underwriting fee payable           9,800,000
Deferred offering costs paid through promissory note - related party           $ 117,845