SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Q1) (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Ordinary Shares Subject to Redemption

At March 31, 2026 and December 31, 2025, the Public Shares subject to redemption reflected in the condensed consolidated balance sheets are reconciled in the following table:

Gross proceeds			$86,250,000
Less:
Class A ordinary shares issuance costs			(4,793,647)
Plus:
Accretion of carrying value to redemption value			6,898,044
Class A ordinary shares subject to possible redemption, December 31, 2024			88,354,397
Plus:
Accretion of carrying value to redemption value			3,518,021
Class A ordinary shares subject to possible redemption, December 31, 2025			91,872,418
Plus:
Accretion of carrying value to redemption value			807,085
Class A ordinary shares subject to possible redemption, March 31, 2026			$92,679,503

At December 31, 2025 and 2024, the Public Shares subject to redemption reflected in the consolidated balance sheets are reconciled in the following table:

Gross proceeds			$86,250,000
Less:
Class A ordinary shares issuance costs			(4,793,647)
Plus:
Accretion of carrying value to redemption value			6,898,044
Class A ordinary shares subject to possible redemption, December 31, 2024			88,354,397
Plus:
Accretion of carrying value to redemption value			3,518,021
Class A ordinary shares subject to possible redemption, December 31, 2025			$91,872,418

Basic and Diluted Net (loss) Income Per Ordinary Share

The following tables reflect the calculation of basic and diluted net (loss) income per ordinary share (in dollars, except per share amounts):

			For the Three Months Ended March 31, 2026						For the Three Months Ended March 31, 2025
			Class A Redeemable			Class A and B Non- redeemable			Class A Redeemable			Class A and B Non- redeemable
Basic and diluted net (loss) income per ordinary share:
Numerator:
Allocation of net (loss) income			$(40,328)			$(11,421)			$528,804			$149,751
Denominator:
Basic and diluted weighted average ordinary shares outstanding			8,625,000			2,442,500			8,625,000			2,442,500
Basic and diluted net (loss) income per ordinary share			$(0.00)			$(0.00)			$0.06			$0.06

The following tables reflect the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

			For the Year Ended December 31, 2025						For the Period from March 22, 2024 (Inception) Through December 31, 2024
			Class A Redeemable			Class A and B Non- redeemable			Class A Redeemable			Class A and B Non- redeemable
Basic net income per ordinary share:
Numerator:
Allocation of net income			$652,646			$184,822			$1,396,946			$513,446
Denominator:
Basic weighted average ordinary shares outstanding			8,625,000			2,442,500			6,104,313			2,243,636
Basic net income per ordinary share			$0.08			$0.08			$0.23			$0.23

			For the Year Ended December 31, 2025						For the Period from March 22, 2024 (Inception) Through December 31, 2024
			Class A Redeemable			Class A and B Non- redeemable			Class A Redeemable			Class A and B Non- redeemable
Diluted net income per ordinary share:
Numerator:
Allocation of net income			$652,646			$184,822			$1,384,138			$526,254
Denominator:
Diluted weighted average ordinary shares outstanding			8,625,000			2,442,500			6,104,313			2,320,880
Diluted net income per ordinary share			$0.08			$0.08			$0.23			$0.23