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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 11 — Subsequent Events

 

As approved by the shareholders of the Company at the Extraordinary General Meeting held on October 8, 2025, the Amended and Restated Articles and memorandum of Association (“October EGM”) gives the Company the right to extend the date by which the Company has to complete a business combination from September 28, 2025 to March 28, 2026, by depositing into the Trust Account $0.033 per share remaining in the Trust, for each one-month extension, on or prior to the 28th of each month, for up to six (6) times. From July 1 through the date of this report, the Company issued six unsecured promissory notes, two in an amount of $172,500 and four in an amount of $42,998, to the Sponsor in exchange for Sponsor depositing such amount into the Company’s Trust Account in order to extend the amount of time it has available to complete a business combination until March 28, 2026.

 

In connection with October EGM, on October 8, 2025, 2,274,444 Class A ordinary shares were redeemed at a per share price of $12.13. On October 20, 2025, $27,588,639 was paid from the Trust Account to redeeming shareholders in connection with the extension.

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited condensed consolidated financial statements were issued. Based upon this review, the Company did not identify any subsequent events, other than above, that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.