v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,049,403 $ 2,107,309
Prepaid expenses 23,592 23,150
Short-term prepaid insurance 256,563 181,563
Total current assets 1,329,558 2,312,022
Long-term prepaid insurance 15,130 151,302
Investments held in Trust Account 259,730,180 251,756,198
TOTAL ASSETS 261,074,868 254,219,522
Current liabilities    
Accrued expenses 2,049,541 3,451
Accrued offering costs 75,000 75,000
Cash underwriting fee payable 1,000,000 1,000,000
Total current liabilities 3,124,541 1,078,451
Deferred underwriting fee payable 8,750,000 8,750,000
TOTAL LIABILITIES 11,874,541 9,828,451
COMMITMENTS AND CONTINGENCIES (Note 6)
SHAREHOLDERS’ DEFICIT    
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding at September 30, 2025 and December 31, 2024
Additional paid-in capital
Accumulated deficit (10,530,729) (7,366,003)
TOTAL SHAREHOLDERS’ DEFICIT (10,529,853) (7,365,127)
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 261,074,868 254,219,522
Class A Ordinary Shares    
Current liabilities    
Class A ordinary shares subject to possible redemption, $0.0001 par value; 500,000,000 shares authorized; 25,000,000 shares issued and outstanding, at redemption value of approximately $10.39 and $10.07 per share at September 30, 2025 and December 31, 2024, respectively 259,730,180 251,756,198
SHAREHOLDERS’ DEFICIT    
Ordinary shares, value 43 43
Class B Ordinary Shares    
SHAREHOLDERS’ DEFICIT    
Ordinary shares, value $ 833 $ 833