| Schedule of Consolidated Financial Statements |
The accompanying unaudited condensed consolidated financial statements reflect the activities of the Company and each of the following entities: | Name | | Background | | Ownership | | KVAC (Cayman) Limited (“Acquirer”) | | A Cayman Islands company
Incorporated on August 28, 2024 | | 100% owned by the Company | | KVAC MS (Cayman) Limited | | A Cayman Islands company
Incorporated on July 10, 2024 | | 100% owned by the Acquirer |
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| Schedule of Fair Value Hierarchy of the Valuation Techniques |
The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. | | | June 30, | | | Quoted
Prices In
Active
Markets | | | Significant
Other
Observable
Inputs | | | Significant
Other
Unobservable
Inputs | | | Description | | 2026 | | | (Level 1) | | | (Level 2) | | | (Level 3) | | | Assets: | | | | | | | | | | | | | | U.S. Treasury Securities held in Trust Account | | $ | 13,390,884 | | | $ | 13,390,884 | | | $ | - | | | $ | - | | | | | December 31, | | | Quoted
Prices In
Active
Markets | | | Significant
Other
Observable
Inputs | | | Significant
Other
Unobservable
Inputs | | | Description | | 2025 | | | (Level 1) | | | (Level 2) | | | (Level 3) | | | Assets: | | | | | | | | | | | | | | U.S. Treasury Securities held in Trust Account | | $ | 57,003,115 | | | $ | 57,003,115 | | | $ | - | | | $ | - | |
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| Schedule of Unaudited Condensed Consolidated Statements of Income and Comprehensive Income |
The net income (loss) per share presented in the unaudited condensed consolidated statements of income and comprehensive income is based on the following:
| | | For the Six Months Ended
June 30, 2026 | | | For the Six Months Ended
June 30, 2025 | | | | | Redeemable
Ordinary
Share | | | Non-
Redeemable
Ordinary
Share | | | Redeemable
Ordinary
Share | | | Non-
Redeemable
Ordinary
Share | | | Basic and diluted net income (loss) per share: | | | | | | | | | | | | | | Numerators: | | | | | | | | | | | | | | Dividend income earned in investments held in Trust Account | | $ | 442,106 | | | $ | - | | | $ | 1,489,599 | | | $ | - | | | Total expenses | | | (120,108 | ) | | | (250,032 | ) | | | (215,076 | ) | | | (148,297 | ) | | Total allocation to redeemable and non-redeemable ordinary shares | | $ | 321,998 | | | $ | (250,032 | ) | | $ | 1,274,523 | | | $ | (148,297 | ) | | Denominators: | | | | | | | | | | | | | | | | | | Weighted-average shares outstanding | | | 2,121,358 | | | | 4,416,075 | | | | 6,404,652 | | | | 4,416,075 | | | Basic and diluted net income (loss) per share | | $ | 0.15 | | | $ | (0.06 | ) | | $ | 0.20 | | | $ | (0.03 | ) | | | | For the Three Months Ended
June 30, 2026 | | | For the Three Months Ended
June 30, 2025 | | | | | Redeemable
Ordinary
Share | | | Non-
Redeemable
Ordinary
Share | | | Redeemable
Ordinary
Share | | | Non-
Redeemable
Ordinary
Share | | | Basic and diluted net income (loss) per share: | | | | | | | | | | | | | | Numerators: | | | | | | | | | | | | | | Dividend income earned in investments held in Trust Account | | $ | 117,175 | | | $ | - | | | $ | 750,095 | | | $ | - | | | Total expenses | | | (27,188 | ) | | | (110,108 | ) | | | (113,666 | ) | | | (78,374 | ) | | Total allocation to redeemable and non-redeemable ordinary shares | | $ | 89,987 | | | $ | (110,108 | ) | | $ | 636,429 | | | $ | (78,374 | ) | | Denominators: | | | | | | | | | | | | | | | | | | Weighted-average shares outstanding | | | 1,090,446 | | | | 4,416,075 | | | | 6,404,652 | | | | 4,416,075 | | | Basic and diluted net income (loss) per share | | $ | 0.08 | | | $ | (0.02 | ) | | $ | 0.10 | | | $ | (0.02 | ) |
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