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Balance Sheets

In millions of USD, except per-share amounts
Jun 2026
As of Jun 30, 2026
Mar 2026
As of Mar 31, 2026
ASSETS
Current Assets
Cash
Prepaid expenses
Prepaid insurance
Total Current Assets
Deferred offering costs
Long-term prepaid insurance
Cash and marketable securities held in Trust Account
TOTAL ASSETS
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' (DEFICIT) EQUITY
Current Liabilities
Accounts payable and accrued expenses
Accrued offering costs
Promissory note – related party
Total Current Liabilities
Working Capital Loans – related party
Deferred legal fee
Derivative liabilities – Private Placement Warrants
Deferred underwriting fee
TOTAL LIABILITIES
Class A ordinary shares subject to possible redemption, $0.0001 par value; 23,000,000 and no shares at redemption value of $10.11 and $0.00 per share as of June 30, 2026 and December 31, 2025, respectively
Shareholders' (Deficit) Equity:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025
Common stock
Class A ordinary shares
Class B ordinary shares
Additional paid-in capital
Accumulated deficit
Total Shareholders' (Deficit) Equity
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' (DEFICIT) EQUITY

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