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Initial Public Offering

6 Months Ended

Jun. 30, 2026

Note 3 — Initial Public Offering

Pursuant to the IPO on May 1, 2025, the Company sold 6,900,000 Public Units, which includes the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per Public Unit. Each unit consists of one ordinary share and one right. Each right entitles the holder thereof to receive one-sixth of one ordinary share upon the consummation of an initial business combination. No fractional shares will be issued upon conversion of the rights (See Note 7).

All of the 6,900,000 public shares sold as part of the Public Units in the IPO contain a redemption feature which allows for the redemption of such public shares if there is a stockholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company’s memorandum and articles of association, as amended, or in connection with the Company’s liquidation. In accordance with the Securities and Exchange Commission (the “SEC”) and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control of the Company require ordinary shares subject to redemption to be classified outside of permanent equity.

As of June 30, 2026, the ordinary shares subject to possible redemption reflected on the balance sheet are reconciled in the following table.

	As of June 30, 2026
Gross proceeds	$	69,000,000
Less:
Proceeds allocated to public rights		(2,007,900	)
Allocation of offering cost related to public shares subject to possible redemption		(3,820,394	)
Plus:
Increases of carrying value of redeemable public shares		8,931,275
Ordinary share subject to possible redemption	$	72,102,981