ADDED
As of September 30, 2025, the Company had not commenced any operations.
As of September 30, 2025, the Company had cash of $ 1,154,388 and a working capital surplus of $ 1,144,846 .
The Company had $ 1,154,388 in cash and no cash equivalents as of September 30, 2025.
The transfer of the founder shares to the independent director nominees are in the scope of ASC 718.
Due to affiliates From time to time, officers and directors of the Company may pay expenses on behalf of the Company.
Amounts paid on behalf of the Company are non-interest bearing and due on demand.
At September 30, 2025, the Company owed $ 3,668 to affiliates of the Company and reports this amount as due to affiliates on the unaudited condensed balance sheet.
As of September 30, 2025, no such Working Capital Loans were outstanding.
Additionally, the underwriters are entitled to a deferred underwriting discount of $ 0.40 per Unit, or $ 9,200,000 in the aggregate payable to the underwriters for deferred underwriting commissions on amounts remaining in the Trust Account after all redemptions by public shareholders have been met.
At September 30, 2025, there were no preference shares issued or outstanding.
REMOVED
As of June 30, 2025, the Company had not commenced any operations.
As of June 30, 2025 (unaudited), the Company had cash of $ 1,392,179 and a working capital surplus of $ 1,325,229 .
The Company had $ 1,392,179 in cash and no cash equivalents as of June 30, 2025.
The transfer of the founder shares to the independent director nominees are in the scope of FASB ASC Topic 718, Compensation-Stock Compensation ( ASC 718 ).
As of June 30, 2025, no such Working Capital Loans were outstanding.
The underwriters were entitled to a cash underwriting discount of $ 0.20 per Unit, or $ 4,600,000 in the aggregate.
At June 30, 2025, there were no preference shares issued or outstanding.
For the three months ended June 30, 2025, we had a net income $599,557, which consisted of earnings on investments held in Trust Account of $868,152 and interest from operating bank account of $5,084 offset by compensation expense of $132,300, bank service fees of $5,000, and general and administrative costs of $136,379.
For the period from January 7, 2025 (inception) through June 30, 2025, we had a net income $556,735, which consisted of earnings on investments held in Trust Account of $868,152 and interest income from bank operating account of $5,084 offset by compensation expense of $132,300, bank service fees of $5,000, and general and administrative costs of $179,201.
We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account (less income taxes payable), to complete our business combination.