v3.26.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 2,344,000 $ 2,845,000
Prepaid expenses 278,000 259,000
Total current assets 2,622,000 3,104,000
Investment in Trust Account 232,262,000 230,229,000
Total assets 234,884,000 233,333,000
Current Liabilities:    
Accounts payable 118,000 105,000
Accrued liabilities 73,000 250,000
Total current liabilities 305,000 370,000
Deferred underwriting payable 8,050,000 8,050,000
Deferred legal payable 51,000 51,000
Total liabilities 8,406,000 8,471,000
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value at March 31, 2026 and December 31, 2025, respectively of $10.10 and $10,01, per share 232,262,000 230,229,000
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 1,750,000 shares authorized; none issued or outstanding
Accumulated deficit (5,785,000) (5,368,000)
Total shareholders’ deficit (5,784,000) (5,367,000)
Total liabilities and shareholders’ deficit 234,884,000 233,333,000
Class A Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares value
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares value 1,000 1,000
Related party    
Current Liabilities:    
Deferred compensation - related parties $ 114,000 $ 15,000