ADDED
57,786,659 - Shareholders Equity (Deficit) Preference shares, $ 0.0001 par value; 10,000,000 shares authorized; nil and nil shares issued and outstanding as of December 31, 2025 and March 31, 2025, respectively.
As of December 31, 2025, the Company had not commenced any operations.
All activities through December 31, 2025 are related to the Company s formation and the initial public offering ( IPO ) described below, and subsequent to the IPO, identifying a target company for a Business Combination, entering into the Merger Agreement (as defined below) with Isdera Group Limited, and taking actions in connection with the business combination contemplated by the Merger Agreement.
Prior to consummating the IPO, the Company s ability to commence operations was contingent upon obtaining adequate financial resources through the IPO (see Note 3) and a Private Placement (as defined below) to the Sponsor (see Note 4).
The Company will have only 18 months from the closing of the IPO, including the Extension Period, to complete the initial Business Combination (the Combination Period ).
Going concern consideration The Company had a working deficit of $ 340,048 as of December 31, 2025 and negative cash flow of $ 843,312 in operating activities for the nine months ended December 31, 2025.
Subsequent to the consummation of the IPO, the Company s liquidity has been satisfied through the net proceeds from the IPO and the Private Placement and loans from our Sponsor pursuant to the Promissory Note II, described below.
In order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, on September 12, 2025, the Company issued an unsecured promissory note (the Promissory Note II ) in the principal amount of up to $ 1,000,000 to Sponsor.
As of December 31, 2025, the principal amount due and owing under the Promissory Note II was $ 311,605 .
The Company will have until April 1, 2026 (or up to October 1, 2026 if the Company extends the period of time to consummate a Business Combination two times, each by an additional three months) to complete its initial Business Combination, with respect to such ordinary shares so redeemed.
REMOVED
55,804,039 - Shareholders Equity (Deficit) Preference shares, $ 0.0001 par value; 10,000,000 shares authorized; nil and nil shares issued and outstanding as of September 30, 2025 and March 31, 2025, respectively.
As of September 30, 2025, the Company had not commenced any operations.
All activities through September 30, 2025 are related to the Company s formation and the initial public offering ( IPO ) described below, and subsequent to the IPO, identifying a target company for a Business Combination.
The Company s ability to commence operations is contingent upon obtaining adequate financial resources through the IPO (see Note 3) and a Private Placement (as defined below) to the Sponsor (see Note 4).
The Company will have only 18 months from the closing of the IPO or during any Extension Period to complete the initial Business Combination (the Combination Period ).
The Company has cash and cash equivalents of $8,849 and $ 17,221 as of September 30, 2025 and March 31, 2025, respectively.
Cash Held in Trust Account As of September 30, 2025 and March 31, 2025, the Company had $ 58,658,535 and nil , respectively, in cash held in the Trust Account.
For the three and six months ended September 30, 2025, the Company recorded accretion of ordinary share subject to redemption value of $ 3,997,432 and $ 2,027,051 , respectively.
As of September 30, 2025, the principal amount due and owing under the Promissory Note II was $ 86,570 .
For the three and six months ended September 30, 2025, the Company has accrued $ 30,000 and $60,000 , respectively, for the administrative support services provided by the Sponsor.