19 unchanged sentences
We have neither engaged in any operations nor generated any operating revenues to date.
−Removed: Our only activities from August 5, 2025 (inception) through March 31, 2026 were organizational activities and those necessary to prepare for the Initial Public Offering, described below, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination.
+Added: Our only activities from August 5, 2025 (inception) through June 30, 2026 were organizational activities and those necessary to prepare for the Initial Public Offering, described below, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination.
We do not expect to generate any operating revenues until after the completion of our initial Business Combination.
1 unchanged sentence
We expect that we will incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection with searching for, and completing, a Business Combination.
−Removed: For the three months ended March 31, 2026, we had a net income of $1,886,022, which consist of interest income on bank deposits of $4,055, interest income on investments held in the Trust Account of $2,187,424 and offset by general and administrative expenses of $305,457.
+Added: For the three months ended June 30, 2026, we had a net income of $2,384,770, which consisted of interest income on bank deposits of $6,681, interest income on investments held in the Trust Account of $2,564,146 and offset by general and administrative expenses of $186,057.
+Added: For the six months ended June 30, 2026, we had a net income of $4,270,792, which consisted of interest income on bank deposits of $10,736, interest income on investments held in the Trust Account of $4,751,570 and offset by general and administrative expenses of $491,514.
Liquidity, Capital Resources, and Going Concern
4 unchanged sentences
We incurred total transaction costs of $16,395,917, consisting of $5,750,000 of cash underwriting fee, $10,062,500 of deferred underwriting fee, and $583,417 of other offering costs.
−Removed: For the three months ended March 31, 2026, net cash used in operating activities was $468,029.
+Added: For the six months ended June 30, 2026, net cash used in operating activities was $605,530.
Net income of $4,270,792 was affected by interest earned on investments held in the Trust Account and payment of operation cost through promissory note by $4,751,570 and $50, respectively.
Changes in operating assets and liabilities used $124,802 of cash for operating activities.
−Removed: At March 31, 2026, we had marketable securities held in the Trust Account of $289,687,424 (including $2,187,424 of interest income).
+Added: At June 30, 2026, we had marketable securities held in the Trust Account of $292,251,570 (including $4,751,570 of interest income).
We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our Business Combination.
To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
−Removed: At March 31, 2026, we had cash of $846,656 held outside of the Trust Account.
+Added: At June 30, 2026, we had cash of $709,155 held outside of the Trust Account.
We intend to use the funds held outside the Trust Account primarily to identify and evaluate prospective target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, select the target business to acquire and structure, negotiate and complete a Business Combination.
4 unchanged sentences
The units would be identical to the Private Units.
−Removed: In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements – Going Concern” (“ASC 205-40”), management has determined that the Company’s projected future liquidity position raise substantial doubt about the Company’s ability to continue as a going concern.
+Added: In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements – Going Concern” (“ASC 205-40”), management has determined that the Company’s projected future liquidity position raises substantial doubt about the Company’s ability to continue as a going concern.
The Company intends to complete its initial Business Combination before the mandatory liquidation date;
6 unchanged sentences
Off-Balance Sheet Arrangements
−Removed: We have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of March 31, 2026.
+Added: We have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of June 30, 2026.
We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements.
14 unchanged sentences
Accordingly, the actual results could materially differ from those estimates.
−Removed: As of March 31, 2026, we did not have any critical accounting estimates to be disclosed.
+Added: As of June 30, 2026, we did not have any critical accounting estimates to be disclosed.
Quantitative and Qualitative Disclosures About Market Risk
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.