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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2025

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share

The following tables reflect the calculation of basic net income (loss) per ordinary share.

​	​	​	​
​		For the
​		Nine Months Ended
​		September 30,
​	​	2025
Class A ordinary shares subject to possible redemption		​	​
Numerator: Allocation of net income, basic	​	$	1,052,603
Denominator: Basic weighted average shares outstanding	​		11,648,352
Basic net income per Class A Ordinary share subject to possible redemption	​	$	0.09
Class B Non-redeemable ordinary shares	​
Numerator: Allocation of net income, basic	​	$	646,292
Denominator: Basic weighted average shares outstanding	​		7,152,015
Basic net income per Class B Ordinary Share	​	$	0.09

​

​	​	​	​
​		For the
​		Three Months Ended
​		September 30,
​	​	2025
Class A ordinary shares subject to possible redemption		​	​
Numerator: Allocation of net loss, basic	​	$	(873,204)
Denominator: Basic weighted average shares outstanding	​		20,000,000
Basic net loss per Class A Ordinary share subject to possible redemption	​	$	(0.04)
Class B Non-redeemable ordinary shares	​
Numerator: Allocation of net loss, basic	​	$	(327,452)
Denominator: Basic weighted average shares outstanding	​		7,500,000
Basic net loss per Class B Ordinary Share	​	$	(0.04)

​

​	​	​	​
​		For the Period from
​	​	July 26, 2024 (Inception) through
​	​	September 30,
​	​	2024
Class A ordinary shares subject to possible redemption		​
Numerator: Allocation of net loss, basic	​	$	—
Denominator: Basic weighted average shares outstanding	​		—
Basic net loss per Class A Ordinary share subject to possible redemption	​	$	—
Class B Non-redeemable ordinary shares	​
Numerator: Allocation of net loss, basic	​	$	(26,450)
Denominator: Basic weighted average shares outstanding	​		6,666,667
Basic net loss per Class B Ordinary Share	​	$	(0.00)

​

The following tables reflect the calculation of diluted net income (loss) per ordinary share.

​	​	​	​
​		For the
​		Nine Months Ended
​		September 30,
​	​	2025
Class A ordinary shares subject to possible redemption		​	​
Numerator: Allocation of net income, diluted	​	$	1,048,687
Denominator: Diluted weighted average shares outstanding	​		11,648,352
Diluted net income per Class A Ordinary share subject to possible redemption	​	$	0.09
Class B Non-redeemable ordinary shares	​
Numerator: Allocation of net income, diluted	​	$	650,208
Denominator: Diluted weighted average shares outstanding	​		7,222,222
Diluted net income per Class B Ordinary Share	​	$	0.09

​

​	​	​	​
​		For the
​		Three Months Ended
​		September 30,
​	​	2025
Class A ordinary shares subject to possible redemption		​
Numerator: Allocation of net loss, diluted	​	$	(873,204)
Denominator: Diluted weighted average shares outstanding	​		20,000,000
Diluted net loss per Class A Ordinary share subject to possible redemption	​	$	(0.04)
Class B Non-redeemable ordinary shares	​
Numerator: Allocation of net loss, diluted	​	$	(327,452)
Denominator: Diluted weighted average shares outstanding	​		7,500,000
Diluted net loss per Class B Ordinary Share	​	$	(0.04)

​

​	​	​	​
​		For the Period from
​	​	July 26, 2024 (Inception) through
​	​	September 30,
​	​	2024
Class A ordinary shares subject to possible redemption		​
Numerator: Allocation of net loss, diluted	​	$	—
Denominator: Diluted weighted average shares outstanding	​		—
Diluted net loss per Class A Ordinary share subject to possible redemption	​	$	—
Class B Non-redeemable ordinary shares	​
Numerator: Allocation of net loss, diluted	​	$	(26,450)
Denominator: Diluted weighted average shares outstanding	​		6,666,667
Diluted net loss per Class B Ordinary Share	​	$	(0.00)

Schedule of Class A Ordinary Shares Subject to Redemption Reflected

​

​	​	​	​
Gross proceeds		$	225,000,000
Less: Proceeds allocated to public warrants	​		(3,037,500)
Less: Class A ordinary share issuance costs	​		(13,802,579)
Add: Remeasurement of carrying value to redemption value	​		19,698,991
Class A ordinary shares subject to redemption, June 30, 2025	​	$	227,858,912
Add: Remeasurement of carrying value to redemption value	​	​	2,380,552
Class A ordinary shares subject to possible redemption, September 30, 2025	​	$	230,239,464

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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
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Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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-Name Accounting Standards Codification
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