Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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| Significant Accounting Policies [Abstract] |
|
| Schedule of Valuation of the Public Rights |
The following table presents the quantitative information
regarding market assumptions used in the level 3 valuation of the Public Rights:
| | |
November 4,
2024 | |
| Underlying share price | |
$ | 9.95 | |
| Pre-adjusted value per share right | |
$ | 1.00 | |
| Market adjustment(1) | |
| 3.0 | % |
| Fair value per share right | |
$ | 0.03 | |
| (1) | Market
adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of Business Combination
occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning
of the exercise period. The adjustment is determined by comparing traded rights prices to simulated model outputs. |
|
| Schedule of Class A Ordinary Share subject to Possible Redemption |
As of September
30, 2025 and December 31, 2024, the Class A ordinary shares subject to possible redemption reflected in the condensed consolidated balance
sheets are reconciled in the following table:
| Gross proceeds | |
$ | 250,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (750,000 | ) |
| Class A ordinary shares issuance costs | |
| (11,358,489 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 13,864,687 | |
| Class A ordinary shares subject to possible redemption, December 31, 2024 | |
| 251,756,198 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 2,636,302 | |
| Class A ordinary shares subject to possible redemption, March 31, 2025 | |
| 254,392,500 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 2,652,210 | |
| Class A ordinary shares subject to possible redemption, June 30, 2025 | |
| 257,044,710 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 2,685,470 | |
| Class A ordinary shares subject to possible redemption, September 30, 2025 | |
$ | 259,730,180 | |
|
| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following table reflects the calculation
of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):
| | |
For the Three Months Ended
September 30, | | |
For the Nine Months Ended
September 30, | | |
For the Period from
June 24, 2024
(Inception) Through
September 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Basic and diluted net income (loss) per ordinary share | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Allocation of net income (loss) | |
$ | 62,771 | | |
$ | 20,923 | | |
$ | — | | |
$ | (47,447 | ) | |
$ | 3,606,942 | | |
$ | 1,202,314 | | |
$ | — | | |
$ | (77,427 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 25,000,000 | | |
| 8,333,333 | | |
| — | | |
| 8,333,333 | | |
| 25,000,000 | | |
| 8,333,333 | | |
| | | |
| 8,333,333 | |
| Basic and diluted net income (loss) per
ordinary share | |
$ | 0.00 | | |
$ | 0.00 | | |
$ | — | | |
$ | (0.01 | ) | |
$ | 0.14 | | |
$ | 0.14 | | |
$ | — | | |
$ | (0.01 | ) |
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