ADDED
As of September 30, 2025, the Company had not commenced any operations.
The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held in the Trust Account (initially anticipated to be $ 10.00 per Public Share).The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter (as discussed in Note 5).
As of September 30, 2025, the Company had no cash and had a working capital surplus of $ 522,948 .
The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Investments Held in Trust Account As of September 30, 2025, assets held in the Trust Account were held in a money market fund and are classified as trading securities.
As of September 30, 2025, the Company reported $ 204,376,740 in investments held in the Trust Account.
As of September 30, 2025 and December 31, 2024, there were no unrecognized tax benefits and no amounts accrued for interest and penalties.
As such, the Company s tax provision was zero for the periods presented.
As September 30, 2025 and December 31, 2024, there was $ 10 and $ 60,400 , respectively, outstanding under the Promissory Note.
As September 30, 2025 and December 31, 2024, the Company had no borrowings under the Working Capital Loans.
REMOVED
10-Q Q2 false --12-31 0001872228 Includes up to 875,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 4).
Subsequently on May 16, 2025, the Company consummated the Initial Public Offering of 20,125,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the amount of 2,625,000 Units and as such 875,000 Class B ordinary shares are no longer subject to forfeiture.
As of June 30, 2025, the Company had not commenced any operations.
The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held in the Trust Account (initially anticipated to be $ 10.00 per Public Share).
The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter (as discussed in Note 5).
A s of June 30, 2025, the Company had no cash and had working capital of $ 637,225 .
Investments Held in Trust Account A s o f June 30, 2025, assets held in the Trust Account were held in a money market fund and are classified as trading securities.
As of June 30, 2025, the Company reported $ 202,248,578 in investments held in the Trust Account.
As of June 30, 2025, there were no unrecognized tax benefits and no amounts accrued for interest and penalties.
As such, the Company s tax provision was zero for the period presented.