XML 30 R20.htm IDEA: XBRL DOCUMENT v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Significant Accounting Policies [Abstract]  
Schedule of Quantitative Information Regarding Market Assumptions Used in the Valuation of the Public Rights The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Rights as of December 5, 2024, the date in which the Company consummated the Initial Public Offering:
Traded price of Unit   $ 9.99  
Expected Term to business combination (Years)     1.5  
Probability of business combination and Instrument-Specific Market Adjustment     12.0 %
Risk-free rate     4.15 %
Implied common stock price   $ 9.88  
Fair value per share right   $ 0.12  
Schedule of Calculation of Basic and Diluted Net Income Per Ordinary Share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 

    For the Three Months Ended
March 31, 2026
 
    Redeemable     Non-redeemable  
             
Numerator:            
Allocation of net income   $ 593,540     $ 228,169  
Denominator:                
Basic and diluted weighted average ordinary shares outstanding     11,500,000       4,420,833  
Basic and diluted net income per ordinary share   $ 0.05     $ 0.05  
    For the Three Months Ended
March 31, 2025
 
    Redeemable     Non-redeemable  
             
Numerator:            
Allocation of net income   $ 703,768     $ 270,543  
Denominator:                
Basic and diluted weighted average ordinary shares outstanding     11,500,000       4,420,833  
Basic and diluted net income per ordinary share   $ 0.06     $ 0.06  
Schedule of Ordinary Shares Subject to Possible Redemption Reflected in the Condensed Balance Sheets As of March 31, 2026 and December 31, 2025, the ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:
Gross proceeds   $ 115,000,000  
Less:        
Proceeds allocated to Public Rights     (1,380,000 )
Ordinary shares issuance costs     (3,520,662 )
Plus:        
Remeasurement of carrying value to redemption value     5,068,427  
Ordinary Shares subject to possible redemption, December 31, 2025     120,754,293  
Plus:        
Remeasurement of carrying value to redemption value     1,061,785  
Ordinary Shares subject to possible redemption, March 31, 2026   $ 121,816,078