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SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
Schedule of Class A Ordinary Shares Subject to Redemption
As of June 30, 2025 and December 31, 2024, the Class A ordinary shares reflected in the accompanying condensed balance sheets are reconciled in the following table:
 
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
 
Less:
  
Redemption of Class A ordinary shares
     (7,143,312
Plus:
  
Sponsor deposits to Trust Account
     2,961,583  
Waiver of Class A ordinary shares issuance cost
     9,140,590  
Accretion of carrying value to redemption value
     2,390,840  
  
 
 
 
Class A ordinary shares subject to possible redemption as of June 30, 2025
  
$
558,049,739
 
  
 
 
 
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 three months ended
June 30,
    
For the six months ended
June 30,
 
    
2025
    
2024
    
2025
    
2024
 
Class A ordinary shares subject to possible redemption
           
Numerator:
           
Net income attributable to Class A ordinary shares subject to possible redemption
   $ 260,795      $ 5,268,294      $ 2,652,910      $ 10,383,006  
Denominator:
           
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption
     49,507,471        50,000,000        49,752,375        50,000,000  
  
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption
  
$
0.01
 
  
$
0.11
 
  
$
0.05
 
  
$
0.21
 
  
 
 
    
 
 
    
 
 
    
 
 
 
Non-redeemable
Class A ordinary shares and Class B ordinary shares
           
Numerator:
           
Net income attributable to
non-redeemable
Class A ordinary shares and Class B ordinary shares
   $ 65,848      $ 1,317,073      $ 666,528      $ 2,595,751  
Denominator:
           
Basic and diluted weighted average shares outstanding,
non-redeemable
Class A ordinary shares and/or Class B ordinary shares
     12,500,000        12,500,000        12,500,000        12,500,000  
  
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted net income per share,
non-redeemable
Class A ordinary shares and/or Class B ordinary shares
  
$
0.01
 
  
$
0.11
 
  
$
0.05
 
  
$
0.21
 
  
 
 
    
 
 
    
 
 
    
 
 
 
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