ADDED
The Company currently anticipates structuring a business combination to acquire 100% of the equity interests or assets of the target business or businesses.
Going Concern The Company performed an assessment on its ability to continue as a going concern in accordance with Financial Accounting Standard Board s Accounting Standards Update ( ASU ) 2014-15, Disclosures of Uncertainties about an Entity s Ability to Continue as a Going Concern .
There is no assurance that the Company will be able to consummate the initial business combination within 15 months from the date of the IPO.
In the event that the Company fails to consummate a business combination within the required period, the Company will face mandatory liquidation and dissolution subject to certain obligations under applicable laws or regulations.
This uncertainty raises substantial doubt about the Company s ability to continue as a going concern one year from the date the financial statements are issued.
Management plans to continue its efforts to consummate a business combination within 15 months from the date of the IPO.
Ordinary Shares Subject to Possible Redemption The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480 Distinguishing Liabilities from Equity.
Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the federal depository insurance coverage of $ 250,000 .
As of September 30, 2025, $ 816,656 was deposited in cash accounts at Morgan Stanley.
Related Party Transactions Parties, which can be a corporation or individual, are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions.
REMOVED
Upon the consummation of the IPO with the over-allotment option fully exercised and the private placement (see Note 3 and Note 4), $ 69,000,000 of cash was placed in the Trust Account.
Fair Value Measurement Pursuant to FASB ASC 820, The fair value of the Company s financial assets and liabilities reflects management s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date.
Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes ( ASC 740 ).
All of the 6,900,000 public shares sold as part of the Public Units in the IPO contain a redemption feature which allows for the redemption of such public shares if there is a stockholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company s amended and restated memorandum and articles of association, or in connection with the Company s liquidation.
Administrative Service Fee The Company has agreed, commencing on the signing of the administrative services agreement with the sponsor on November 17, 2024, to pay the sponsor a monthly fee of up to $ 10,000 up to the consummation of business combination, for the Company s use of its personnel and other administrative resources.
As of June 30, 2025, the Company had paid an aggregate of $ 74,000 to the sponsor.
For the six months ended June 30, 2025, total reimbursement of out-of-pocket expenses paid to our sponsor, officers or directors were $ 18,106 .
Underwriting Agreement A deferred underwriting commission of $ 0.35 per Public Unit sold, totaling $ 2,415,000 will be in the form of representative shares at $ 10.00 per share deferred until consummation of the Company s initial business combination.
On May 1, 2025, the Company sold 6,900,000 Public Units, which includes the full exercise of the over-allotment option by the underwriters at a price of $ 10.00 per Public Unit in the IPO; and the Company sold to its sponsor an aggregate of 280,000 Private Units at $ 10.00 per Private Unit.
The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss.