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Subsequent Events
6 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 9 — Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements, other than those disclosed below.

 

On December 8, 2025, upon the pricing of the Initial Public Offering, the Sponsor sold membership interests to each of three directors of the Company and Chief Financial Officer (“CFO”). The membership interests each director received in the Sponsor correspond to 30,000 Founder Shares and the CFO to 25,000 Founder Shares, for an aggregate of 115,000 Founder Shares, to be distributed to the directors and CFO upon consummation of a Business Combination. The total consideration paid for these membership interests was $375.

 

On December 10, 2025, the Company consummated the Initial Public Offering of 25,000,000 Units, including the partial exercise by the underwriters of their over-allotment option in the amount of 2,500,000 Units, at $10.00 per Unit, generating gross proceeds of $250,000,000. Each Unit consists of one Public Share, and one-fourth of one Public Warrant.

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 685,000 Private Units, including 50,000 Private Units purchased as a result of the underwriters partial exercise of their over-allotment option, at a price of $10.00 per Private Unit, in a private placement to the Sponsor, and the Underwriters, generating gross proceeds of $6,850,000. Each Private Unit consists of one Class A ordinary share and one-fourth of one Private Placement Warrants. Each whole Warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment.

 

Following the closing of the Initial Public Offering, an aggregate of $10.00 per Unit sold in the Initial Public Offering, or $250,000,000, from the net proceeds of the sale of the Units and the Private Units, was placed in a Trust Account and is initially invested in cash.

 

On December 10, 2025, the underwriter was paid a cash underwriting discount of $5,000,000 ($0.20 per Unit offered in the Initial Public Offering).

 

Transaction costs amounted to $14,449,003, consisting of $5,000,000 of cash underwriting fee, $8,750,000 of deferred underwriting fee, and $699,003 of other offering costs.