ADDED
At September 30, 2025, the Company had not yet commenced any operations.
On September 9, 2025, the Underwriters advised the Company that it has elected not to exercise the remaining over-allotment option and thereby forfeit the option.
As a result, on September 9, 2025, the Company cancelled a total of 321,429 of the Company s founder shares, issued to MFH 1, LLC thereby reducing the sponsor s total shares to 12,000,000 , which was effective from August 1, 2025.
Liquidity and Capital Resources As of September 30, 2025, the Company had $ 570,210 of cash in its operating bank account and working capital of $ 771,436 .
As of September 30, 2025, there were no amounts outstanding under any Working Capital Loan.
The Company had $ 570,210 of cash held in operating account as of September 30, 2025.
The Company had no cash equivalents as of September 30, 2025.
Cash Held in Trust Account The Company had $ 281,963,221 of cash in the trust account held in an interest bearing demand deposit account as of September 30, 2025.
As of August 1, 2025, the Company had offering costs of $ 3,582,634 , consisting of $ 2,419,400 of the Representative Shares (as discussed in Note 1) and $ 1,163,234 of other offering costs.
The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and Retained earnings.
REMOVED
The accompanying notes are an integral part of these unaudited financial statements.
STATEMENTS OF OPERATIONS (UNAUDITED) For the three months ended June 30, 2025 For the Period from March 20, 2025 (Inception) through June 30, 2025 Formation and operating costs $ ( 36,000 ) $ ( 41,420 ) Net Income $ ( 36,000 ) $ ( 41,420 ) Weighted average shares outstanding, basic and diluted (1) 10,714,286 10,714,286 Basic and diluted net income per share ( 0.00 ) ( 0.00 ) (1) Excludes an aggregate of 1,607,143 Ordinary Shares subject to forfeiture to the extent that the underwriters over-allotment is not exercised in full or in part.
The accompanying notes are an integral part of these unaudited financial statements.
The accompanying notes are an integral part of these unaudited financial statements.
At June 30, 2025, the Company had not yet commenced any operations.
As of August 1, 2025, the over-allotment option was not exercised.
Liquidity and Capital Resources As of June 30, 2025, the Company had $ 25,000 of cash in its operating bank account and working capital deficit of $ 189,461 .
As of June 30, 2025 and August 1, 2025, there were no amounts outstanding under any Working Capital Loan.
As of August 1, 2025, the Company had offering costs of $ 3,582,634 , consisting of $ 2,419,400 of the Representative Shares (discussed in the below) and $ 1,163,234 of other offering costs.
The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.