ADDED
The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses ( Business Combination ).
As of September 30, 2025, the Company had not yet commenced operations.
Pursuant to NYSE American listing rules, the Company must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the Trust Account (as defined below) (excluding any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time the Company signs a definitive agreement to enter into an initial Business Combination.
Liquidity and Going Concern As of September 30, 2025, the Company had $ 699 in its operating bank account and working capital deficit of $ 607,541 .
The Company initially has until June 27, 2026 to consummate the initial Business Combination (assuming no shareholder-approved extensions to the Combination Period).
The Company had $ 699 and $ 479,628 in cash and no cash equivalents as of September 30, 2025 and December 31, 2024, respectively.
Cash Held in Trust Account As of September 30, 2025 and December 31, 2024, the assets held in the Trust Account were in an interest bearing demand deposit account at a bank, amounting to $ 243,244,843 and $ 235,764,764 , respectively.
There is currently no taxation imposed on income by the government of the Cayman Islands.
As a result, diluted net income per Ordinary Share is the same as basic net income per Ordinary Share for the three and nine months ended September 30, 2025 and 2024.
Warrant Instruments The Company accounts for the Public Warrants and Private Placement Warrants issued in connection with the Initial Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, Derivatives and Hedging .
REMOVED
The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified ( Business Combination ).
As of June 30, 2025, the Company had not yet commenced operations.
The Company s initial Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time the Company signs a definitive agreement to enter into an initial Business Combination.
Liquidity and Going Concern As of June 30, 2025, the Company had $ 107,238 in its operating bank account and working capital of $ 190,643 .
The Company initially has until June 27, 2026 to consummate the initial Business Combination (assume no extensions).
The Company had $ 107,238 and $ 479,628 in cash and no cash equivalents as of June 30, 2025 and December 31, 2024, respectively.
Cash Held in Trust Account As of June 30, 2025 and December 31, 2024, the assets held in the Trust Account were in an interest-bearing demand deposit account at a bank, amounting to $ 240,697,958 and $ 235,764,764 , respectively.
As a result, diluted net income (loss) per Ordinary Share is the same as basic net income (loss) per Ordinary Share for the three and six months ended June 30, 2025 and 2024.
Fair Value of Financial Instruments The fair value of the Company s assets and liabilities, which qualify as financial instruments under ASC 820, Fair Value Measurements, approximates the carrying amounts represented in the condensed balance sheets, primarily due to their short-term nature.
For the three and six months ended June 30, 2025, the Company incurred and paid $ 60,000 and $ 120,000 in administrative support services fees, respectively.