v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 834,598 $ 1,126,011
Prepaid expenses and other current assets 239,414 174,127
Total Current Assets 1,074,012 1,300,138
Deferred offering costs
Long-term prepaid insurance 11,643 53,557
Other receivable – dividend income 790,642 824,770
Cash and marketable securities held in Trust Account 261,298,144 258,955,961
TOTAL ASSETS 263,174,441 261,134,426
Current liabilities    
Accounts payable and accrued expenses 222,409 302,149
Accrued offering costs 75,000 75,000
Total current liabilities 311,517 457,974
Deferred legal fees 3,023,074 2,517,919
Deferred underwriting fee payable 12,045,000 12,045,000
TOTAL LIABILITIES 15,379,591 15,020,893
Commitments
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Additional paid-in capital
Accumulated deficit (14,044,854) (13,668,116)
Total Shareholders’ Deficit (14,043,936) (13,667,198)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 263,174,441 261,134,426
Class A Ordinary Shares    
Current liabilities    
Class A ordinary shares subject to possible redemption, 25,300,000 shares at a redemption value of $10.35 and $10.27 per share as of March 31, 2026 and December 31, 2025, respectively 261,838,786 259,780,731
Shareholders’ Deficit    
Ordinary shares, value 74 74
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares, value 844 844
Related Party    
Current liabilities    
Advances from related party 13,921 80,638
Promissory note – related party $ 187 $ 187