ADDED
As of September 30, 2025, the Company had not commenced any operations.
At September 30, 2025, the Company had cash of $ 902,429 , due from Sponsor of $ 25,000 , and working capital of $ 915,601 .
As of September 30, 2025, no such Working Capital Loans were outstanding.
The Company had cash of $ 902,429 and did not have any cash equivalents as of September 30, 2025.
FASB ASC 470-20, Debt with Conversion and Other Options, addresses the allocation of proceeds from the issuance of convertible debt into its equity and debt components.
Income is shared pro rata between the two classes of ordinary shares.
As of September 30, 2025, there was $ 25,000 outstanding under the due from Sponsor, which is currently due on demand.
As of September 30, 2025, no such Working Capital Loans were outstanding.
At September 30, 2025, there were no preference shares issued or outstanding.
For the three months ended September 30, 2025, we had a net income of $2,109,102, which consists of earnings on investments held in the Trust Account of $2,253,765 and interest income from operating account of $8,296, offset by general and administrative costs of $152,959.
REMOVED
As of June 30, 2025, the Company had not commenced any operations.
At June 30, 2025, the Company had cash of $ 1,140,316 , due from Sponsor of $ 130,500 , and working capital of $ 1,113,298 .
As of June 30, 2025, no such Working Capital Loans were outstanding.
The Company had cash of $ 1,140,316 and did not have any cash equivalents as of June 30, 2025.
Financial Accounting Standards Board ( FASB ) ASC 470-20, Debt with Conversion and Other Options, addresses the allocation of proceeds from the issuance of convertible debt into its equity and debt components.
Income and losses are shared pro rata between the two classes of ordinary shares.
The calculation of diluted loss per Ordinary Share does not consider the effect of the Warrants issued in connection with the (i) Initial Public Offering, (ii) the exercise of the over-allotment option and (iii) Private Placement, since the average price of the Ordinary Shares for the three months ended June 30, 2025 and for the period from January 22, 2025 (inception) through June 30, 2025 was less than the exercise price and therefore, the inclusion of such Warrants under the Treasury stock method would be anti-dilutive and the exercise is contingent upon the occurrence of future events.
As a result, diluted net income per Ordinary Share is the same as basic net loss per Ordinary Share for the periods presented.
As of June 30, 2025, there was $ 130,500 outstanding under the due from Sponsor, which is currently due on demand.
As of June 30, 2025, no such Working Capital Loans were outstanding.