ADDED
Management s Discussion and Analysis of Financial Condition and Results of Operations.
As of September 30, 2025, the Company has not commenced any operations.
All activity for the period from December 13, 2024 (inception) through September 30, 2025 relates to the Company s formation, the Initial Public Offering (as defined 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 (as defined below).
Liquidity, Capital Resources and Going Concern As of September 30, 2025, the Company had cash of $ 741,229 held outside of the Trust Account and working capital of $ 427,005 .
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, stockholders, 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.
If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead expenses.
The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all.
REMOVED
Management s Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
The accompanying notes are an integral part of the unaudited condensed financial statements.
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2025 General and administrative costs $ 41,267 $ 72,267 Loss from operations ( 41,267 ) ( 72,267 ) Net loss $ ( 41,267 ) $ ( 72,267 ) Weighted average shares outstanding, Class B ordinary shares (1) 3,750,000 3,750,000 Basic and diluted net loss per share, Class B ordinary shares $ ( 0.01 ) $ ( 0.02 ) (1) Excludes up to 562,500 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (Note 5).
The accompanying notes are an integral part of the unaudited condensed financial statements.
The accompanying notes are an integral part of the unaudited condensed financial statements.
The Company has not selected any specific Business Combination target, and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any Business Combination target with respect to an initial Business Combination with the Company.
As of June 30, 2025, the Company has not commenced any operations.
All activity for the period from December 13, 2024 (inception) through June 30, 2025, relates to the Company s formation and the Initial Public Offering (as defined below).
The Company will generate non-operating income from the proceeds derived from the Initial Public Offering (as defined below).
Liquidity and Capital Resources The Company s liquidity needs up to June 30, 2025 had been satisfied through the loan under an unsecured promissory note from the Sponsor of up to $ 300,000 (see Note 4).