v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2026
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (2,393,731)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on investments held in Trust Account (4,780,120)
Changes in operating assets and liabilities:  
Prepaid expenses (199,910)
Long-term prepaid insurance (76,250)
Accrued expenses 6,153,680
Net cash used in operating activities (1,296,331)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (287,500,000)
Net cash used in investing activities (287,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 282,500,000
Proceeds from sale of Private Placements Warrants 7,750,000
Repayment of promissory note - related party (256,872)
Payment of offering costs (330,390)
Net cash provided by financing activities 289,662,738
Net Change in Cash 866,407
Cash – Beginning of period
Cash – End of period 866,407
Non-cash investing and financing activities:  
Deferred offering costs included in accrued offering costs 75,799
Deferred offering costs paid by Sponsor through promissory note - related party 8,859
Deferred underwriting fee payable $ 12,250,000