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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Class A Ordinary Shares Subject to Redemption

As of December 31, 2024 and 2023, the Class A ordinary shares reflected in the accompanying balance sheets are reconciled in the following table:

Gross proceeds						$	500,000,000
Less:
Proceeds allocated to Public Warrants						(2,625,000)
Class A ordinary shares issuance costs						(28,550,129)
Plus:
Accretion of carrying value to redemption value						54,113,481
Class A ordinary shares subject to possible redemption as of December 31, 2023						522,938,352
Plus:
Accretion of carrying value to redemption value						27,761,686
Class A ordinary shares subject to possible redemption as of December 31, 2024						$	550,700,038

Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the calculation of basic and diluted net income per ordinary share:

									For the year ended December 31,
															2024						2023
Class A ordinary shares
Numerator:
Net income attributable to Class A ordinary shares															$	20,788,927					$	12,405,494
Denominator:
Basic and diluted weighted average shares outstanding, Class A ordinary shares															50,000,000						34,383,562
Basic and diluted net income per share, Class A ordinary shares															$	0.42					$	0.36
Class B ordinary shares
Numerator:
Net income attributable to Class B ordinary shares															$	5,197,232					$	4,509,966
Denominator:
Basic and diluted weighted average shares outstanding, Class B ordinary shares															12,500,000						12,500,000
Basic and diluted net income per share, Class B ordinary shares															$	0.42					$	0.36

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- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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