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INITIAL PUBLIC OFFERING
6 Months Ended
Jun. 30, 2026
INITIAL PUBLIC OFFERING  
INITIAL PUBLIC OFFERING

NOTE 3 – INITIAL PUBLIC OFFERING

 

Pursuant to the Initial Public Offering consummated on April 15, 2026, the Company sold 10,000,000 Units at a price of $10.00 per Unit, generating gross proceeds of $100,000,000. Each Unit consists of one Class A ordinary share (the "Public Shares"), one right to receive one-fourth (1/4) of one Class A ordinary share (each, a "Public Share Right") upon the consummation of an initial Business Combination, and one redeemable warrant (each, a "Public Warrant").

 

Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment, and will become exercisable on the later of 30 days after the completion of a Business Combination or 12 months from the closing of the Initial Public Offering. The warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

 

The Public Share Rights will automatically convert into Class A ordinary shares upon the consummation of a Business Combination at a ratio of one-fourth (1/4) of one Class A ordinary share for each right, subject to adjustment. If the Company does not complete a Business Combination within the prescribed time period, the rights will expire worthless.

 

No fractional Class A ordinary shares will be issued upon conversion of the Public Share Rights, and holders will not receive cash in lieu of fractional shares.