ADDED
As of September 30, 2025, the Company had not commenced any operations.
All activity for the period from June 7, 2024 (inception) through September 30, 2025 relates to the Company s formation, the initial public offering ( Initial Public Offering ), which is described below, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination.
The Company generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.
Upon the closing of the Initial Public Offering and the over-allotment option, an aggregate amount of $ 115,000,000 ($ 10.00 per Unit) from the net proceeds of the sale of the Units and Private Placement Units were held in a trust account (the Trust Account as cash and subsequently invested in a Money Market Mutual Fund.
The Company can hold the funds the Trust Account in demand deposit or cash accounts or invest such proceeds only in U.S.
The Company initially has until April 2, 2027 to consummate the initial Business Combination (assume no extensions).
If the Company does not complete a Business Combination, the Company will trigger an automatic winding up, dissolution and liquidation pursuant to the terms of the Amended and Restated Memorandum and Articles of Association.
In connection with the Company s assessment of going concern considerations in accordance with ASC 205-40, Going Concern , as of September 30, 2025, the Company may need to raise additional capital through loans or additional investments from its Sponsor, shareholders, officers, directors, or third parties.
The Company s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company s working capital needs.
Accordingly, the Company may not be able to obtain additional financing.
REMOVED
FOR THE PERIOD FROM JUNE 7, 2024 (INCEPTION) THROUGH JUNE 30, 2024 Ordinary Shares Additional Paid-in Accumulated Total Shareholders Shares Amount Capital Deficit Deficit Balance June 7, 2024 (inception) $ $ $ $ Issuance of ordinary shares(1)(2) 2,875,000 288 4,712 5,000 Net loss ( 16,532 ) ( 16,532 ) Balance June 30, 2024 (unaudited) 2,875,000 $ 288 $ 4,712 $ ( 16,532 ) $ ( 11,532 ) (1) Includes an aggregate of up to 375,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by the underwriters (Note 5 and 7).
As of June 30, 2025, the Company had not commenced any operations.
All activity for the period from June 7, 2024 (inception) through June 30, 2025 relates to the Company s formation and the initial public offering ( Initial Public Offering ), which is described below.
The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.
Upon the closing of the Initial Public Offering and the over-allotment option, an amount of $ 115,000,000 ($ 10.00 per Unit) from the net proceeds of the sale of the Units and Private Placement Units are held in a trust account (the Trust Account ) as cash.
Subsequently, the Company can hold the funds in demand deposit or cash accounts or invest such proceeds only in U.S.
Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company has $ 5,771 and $0 in cash as of June 30, 2025 and December 31, 2024, respectively, and no cash equivalents as of June 30, 2025 and December 31, 2024.
Deferred offering costs consist of underwriting, legal, and other expenses incurred through the balance sheet date that are directly related to the Initial Public Offering and were charged to shareholders deficit at the closing of the Initial Public Offering.
Share-Based Compensation The Company records share-based compensation in accordance with FASB ASC Topic 718, Compensation-Share Compensation ( ASC 718 ), guidance to account for its share-based compensation.