ADDED
As of September 30, 2025, the Company had not commenced any operations.
The Company generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.
As of September 30, 2025, the Company had $ 846,736 in cash and working capital of $ 671,879 .
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.
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.
The Company s liquidity condition raises substantial doubt about the Company s ability to continue as a going concern for a period of time within one year after the date that the accompanying condensed financial statements are issued.
Management plans to address this uncertainty through a Business Combination.
REMOVED
As of June 30, 2025, the Company had not commenced any operations.
The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.
As of June 30, 2025, the Company had $ 1,055,120 in cash and working capital of $ 922,571 .
In connection with the Company s assessment of going concern considerations in accordance with Accounting Standards Codification ( ASC ) 2014-15, Presentation of Financial Statements - Going Concern, due to the proceeds held outside of Trust Account generated from the consummation of the Initial Public Offering on May 14, 2025, the Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business.
However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available to operate its business prior to the initial Business Combination.
Management has determined that the Company has access to funds from the Sponsor to finance the working capital needs of the Company within one year from the date of issuance of the financial statements.
The Company had $ 1,055,120 of cash and no non-cash equivalents as of June 30, 2025.
I NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2025 (UNAUDITED) The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States.
Net Income per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, Earnings Per Share.
The calculation of diluted income 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 March 6, 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.