XML 31 R20.htm IDEA: XBRL DOCUMENT v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basic and diluted net loss per share
                               
    For the
Three Months Ended
March 31,
 
    2026     2025  
    Redeemable
Ordinary
Shares
    Non-redeemable
Ordinary
Shares
    Redeemable
Ordinary
Shares
    Non-redeemable
Ordinary
Shares
 
Basic net income per ordinary share                                
Numerator:                                
Allocation of net income   $ 54,256     $ 39,446     $ 782,092     $ 238,878  
Denominator                                
Weighted-average shares outstanding     4,831,265       3,512,500       11,500,000       3,512,500  
Basic net income per ordinary share   $ 0.01     $ 0.01     $ 0.07     $ 0.07  

 

                                 
    For the
Three Months Ended
March 31,
 
    2026     2025  
    Redeemable
Ordinary
Shares
    Non-redeemable
Ordinary
Shares
    Redeemable
Ordinary
Shares
    Non-redeemable
Ordinary
Shares
 
Diluted net income per ordinary share                                
Numerator:                                
Allocation of net income   $ 54,256     $ 39,446     $ 782,092     $ 238,878  
Denominator                                
Diluted weighted-average shares outstanding     4,831,265       3,512,500       11,500,000       3,512,500  
Diluted net income per ordinary share   $ 0.01     $ 0.01     $ 0.07     $ 0.07  
Schedule of reconciliation of common stock reflected on balance sheet
       
Ordinary shares subject to possible redemption, December 31, 2024   $ 119,093,931  
Less:     
Redemption of ordinary shares   (71,580,705)
Plus:     
Remeasurement of carrying value to redemption value   4,744,152 
Ordinary shares subject to possible redemption, December 31, 2025  $52,257,378 
Plus:    
Remeasurement of carrying value to redemption value   634,296 
Ordinary shares subject to possible redemption, March 31, 2026  $52,891,674