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$XFLH
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Balance sheets

In millions of USD, except per-share amounts
May 2026
As of May 31, 2026
Feb 2026
As of Feb 28, 2026
Assets
Current Asset
Cash
Prepaid expenses
Total Current Asset
Cash held in Trust Account
Deferred offering costs
Total Non-current Assets
Total Assets
Liabilities and Shareholders’ Equity (Deficit)
Accrued expenses
Promissory Note - Related party
Due to Sponsor
Over-allotment option liability
Total Current Liabilities
Total Liabilities
Commitments and Contingencies – (see Note 6)
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 10,000,000 shares subject to possible redemption
Shareholders’ Equity (Deficit)
Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,388,303 and 3,833,333 shares issued and outstanding (excluding 10,000,000 shares subject to possible redemption) as of February 28, 2026 and August 31, 2025, respectively(1)(2)
Additional paid-in capital
Accumulated deficit
Total Shareholders’ Equity (Deficit)
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity (Deficit)

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