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Balance sheets

In millions of USD, except per-share amounts
Jun 2026
As of Jun 30, 2026
Current assets:
Cash
Due from Sponsor
Prepaid insurance
Prepaid expenses
Total current assets
Marketable securities held in Trust Account
Prepaid insurance - noncurrent
Deferred offering costs
TOTAL ASSETS
LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT):
Accrued expenses
Accounts payable
Due to Sponsor
Due to a related party
Accrued offering costs
Total Current Liabilities
Commitments and Contingencies (Note 7)
Ordinary Shares subject to possible redemption, 14,337,500 shares at redemption value of $10.12 per share as of June 30, 2026 and none outstanding as of December 31, 2025
Shareholders’ Equity (Deficit):
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of June 30, 2026
Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 5,621,075 issued and outstanding as of June 30, 2026, excluding 14,337,500 shares subject to possible redemption and 1 share issued and outstanding as of December 31, 2025
Additional paid-in capital
Retained earnings (Accumulated deficit)
Total Shareholders’ Equity (Deficit)
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT)

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