v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,270,446
Prepaid expenses and other current assets 217,977 5,532
Total Current Assets 1,488,423 5,532
Deferred offering costs 320,495
Long-term prepaid insurance 95,471
Other receivable – dividend income 863,786
Cash and marketable securities held in Trust Account 256,650,172
TOTAL ASSETS 259,097,852 326,027
Current liabilities    
Accrued expenses 289,225 40,875
Accrued offering costs 75,000 204,608
Total current liabilities 424,719 372,367
Deferred legal fees 2,401,554 14,456
Deferred underwriting fee payable 12,045,000
TOTAL LIABILITIES 14,871,273 386,823
Commitments
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 24,156
Accumulated deficit (13,038,297) (85,796)
Total Shareholders’ Deficit (13,037,379) (60,796)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 259,097,852 326,027
Class A Ordinary Shares    
Current liabilities    
Class A ordinary shares subject to possible redemption, 25,300,000 and no shares at a redemption value of $10.17 and $0 per share as of September 30, 2025 and December 31, 2024, respectively 257,263,958
Shareholders’ Deficit    
Ordinary shares, value [1] 74
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value [1] 844 844
Related Party    
Current liabilities    
Advances from related party 60,307
Promissory note – related party $ 187 $ 126,884
[1] On October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class B ordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary shares. On November 18, 2024, the Company effected a share capitalization of 766,667 Class B ordinary shares, as a result of which the Sponsor owns 8,433,333 founder shares for which it paid approximately $0.003 per share. All share amounts have been retroactively restated to reflect these adjustments.