ADDED
As of October 31, 2025, the Company had not commenced any operations.
For the period from July 23, 2024 (inception) through October 31, 2025, the Company s efforts have been limited to organizational activities as well as activities related to completing the initial public offering ( IPO ), which is described below, and subsequent to the IPO, identifying a target company for a Business Combination.
8 Liquidity, Capital Resources and Going Concern As of October 31, 2025, the Company had $ 220 of cash and a working capital deficit of $ 145,981 .
The Company had $ 220 and $ 59,073 in cash and none in cash equivalents as of October 31, 2025 and January 31, 2025, respectively.
Due to Related Party The Sponsor funded the Company s transaction costs related to the business combination.
As of October 31, 2025 and January 31, 2025, $ 10,000 and nil were outstanding, respectively; the amount is unsecured, interest-free and due on demand.
The Company incurred $ 60,000 and $ 105,806 for each of the three and nine months ended October 31, 2025, respectively, of which $ 5,806 was unpaid and accrued in the administrative fees due to the Sponsor on the accompanying unaudited condensed balance sheet as of October 31, 2025.
The Company did not incur any administrative fees during fiscal year ended January 31, 2025.
The Company incurred $ 60,000 and $ 100,000 in legal fees for each of the three and nine months ending October 31, 2025, respectively; of which $ 80,000 was paid.
The unpaid $ 20,000 was included in the accrued expenses on the accompanying unaudited condensed balance sheets as of October 31, 2025.
REMOVED
Financial Statements 1 Condensed Balance Sheets as of July 31, 2025 (Unaudited) and January 31, 2025 1 Unaudited Condensed Statements of Operations for the Three and Six Months Ended July 31, 2025 2 Unaudited Condensed Statement of Changes in Shareholders (Deficit) Equity for the Three and Six Months Ended July 31, 2025 3 Unaudited Condensed Statement of Cash Flows for the Six Months Ended July 31, 2025 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.
As of July 31, 2025, the Company had not commenced any operations.
For the period from July 23, 2024 (inception) through July 31, 2025, the Company s efforts have been limited to organizational activities as well as activities related to completing the initial public offering ( IPO ).
8 Liquidity, Capital Resources and Going Concern As of July 31, 2025, the Company had $ 252,240 of cash and a working capital of $ 284,602 .
The Company has $ 252,240 and $ 59,073 in cash and none in cash equivalents as of July 31, 2025 and January 31, 2025, respectively.
The Company incurred and paid the Sponsor $ 45,806 and $60,000 for each of the three and six months ended July 31, 2025, respectively, of which $ 14,194 was included in the current portion of prepaid expenses as of July 31, 2025.
The Company incurred $ 40,000 in legal fees for each of the three and six months ending July 31, 2025, and paid $ 60,000 , of which $ 20,000 was included in the current portion of prepaid expenses on the accompanying unaudited condensed balance sheets as of July 31, 2025.
Schedule of fair value hierarchy of valuation July 31, 2025 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Assets Investments held in Trust Account $ 86,885,672 $ 86,885,672 - - 18 Note 9 Segment Information ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers.
When evaluating the Company s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following: Schedule of segment information For the Three Months Ended July 31, 2025 For the Six Months Ended July 31, 2025 General and administrative expenses $ 331,247 $ 351,184 Interest earned on investments held in Trust Account $ 635,672 $ 635,672 The key measures of segment profit or loss reviewed by the CODM are interest earned on investments held in Trust Account and formation and operational costs.
Formation and operational costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination within the business combination period.