Financial Analysis

NOTE 6: COMMITMENTS AND CONTINGENCIES Registration Rights The holders of the Founder Shares, as well as the holders of the private units (and underlying securities) and any securities issued to the initial shareholders, officers, directors or their affiliates in payment of Working Capital Loans, will be entitled to registration rights pursuant to an agreement to be signed prior to or on the effective date of the Initial Public Offering. The holders of a majority of these securities are entitled to make up to two demands to register such securities. The holders of the majority of the Founder Shares can elect to exercise these registration rights at any time commencing three months prior to the end of the Lock-up period. The holders of a majority of the Private Placement Units (and underlying securities) and securities issued in payment of Working Capital Loans (or underlying securities) can elect to exercise these registration rights at any time after consummation of an initial Business Combination. In addition, the holders have certain piggy-back registration rights with respect to registration statements filed subsequent to consummation of an initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriters a 45-day option to purchase up to 1,500,000 additional Units to cover over-allotments at the Initial Public Offering price, less the unde …

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Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Companys financial statements. …

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NOTE 5: RELATED PARTY TRANSACTIONS Founder Shares On July 22, 2025, the Sponsor purchased 2,957,143 Class B ordinary shares (the Founder Shares) for an aggregate purchase price of $ 25,000 , or approximately $ 0.008 per share, pursuant to a securities subscription agreement dated June 30, 2025. On February 25, 2026, the Company issued an additional 1,971,428 Class B ordinary shares to the Sponsor through a stock dividend for no additional consideration, such that the Sponsor now holds an aggregate of 4,928,571 Founder Shares at approximately $ 0.005 per share. The Founder Shares include an aggregate of up to 642,857 shares subject to forfeiture by the Sponsor to the extent that the underwriters over-allotment is not exercised in full or in part, so that the Sponsor will collectively own, on an as-converted basis, 30% of the Companys issued and outstanding Public Shares and Founder Shares after the Initial Public Offering (without giving effect to the sale of the Private Placement Units, and assuming the Sponsor does not purchase Units in the Initial Public Offering). As of March 31, 2026, there were 4,928,571 Founder Shares issued and outstanding, of which up to 214,286 Founder Shares are subject to forfeiture if the underwriters remaining over-allotment option is not exercised. The Founder Shares are identical to the Class A ordinary shares included in the Units sold in the Initial Public Offering, except that: the Founder Shares are subject to certain transfer restrictions; …

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NOTE 8: SEGMENT INFORMATION ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Companys chief operating decision maker (CODM), or group, in deciding how to allocate resources and assess performance. The Companys CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment. When evaluating the Companys performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, general and administrative costs, and earnings on investments held in Trust Account (after consummation of the Initial Public Offering), which include the accompanying statements of operations. The key measures of segment profit or loss reviewed by the CODM are earnings on investments held in Trust Account (after consummation of the Initial Public Offering) and general and administrative costs. The CODM will review earnings on investments held in Trust Account to measure and monitor shareholder value and determine the most effective strategy of investme …

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NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (GAAP) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. As such, the information included in these financial statements should be read in conjunction with the Companys latest audited financial statement as of May 8, 2026 and initial audited financial statements for the period from June 25, 2025 (inception) through June 30, 2025 filed with the SEC on Form 8-K and Form S-1, respectively. In the opinion of the Companys management, these financial statements include all adjustments, which are only of a normal and recurring nature, necessary for a fair statement of the Companys financial position as of March 31, 2026, and the Companys results of operations and cash flows for the periods presented. The results of operations included in the financial statements are not necessarily indicative of the results to be expected for the full year ending June 30, 2026. Emerging Growth Company The Company is an emerging growth company, as defined in Section 2(a) of the Securities Act of 1933, as amended ( …

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NOTE 7: SHAREHOLDERS (DEFICIT) EQUITY Preference Shares The Company is authorized to issue 10,000,000 preference shares, $ 0.0001 par value each, with such designations, voting and other rights and preferences as may be determined from time to time by the Companys board of directors. As of March 31, 2026 and June 30, 2025, there were no preference shares issued or outstanding. Class A Ordinary Shares The Company is authorized to issue 480,000,000 Class A ordinary shares with $ 0.0001 par value each. As of March 31, 2026 and June 30, 2025, there were no Class A ordinary shares issued or outstanding. Class B Ordinary Shares The Company is authorized to issue 10,000,000 Class B ordinary shares with $ 0.0001 par value each. As of March 31, 2026 and June 30, 2025, an aggregate of 4,928,571 Founder Shares were issued and outstanding (reflecting retroactive presentation described below). Of the 4,928,571 Class B ordinary shares outstanding, an aggregate of up to 214,286 shares are subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriters remaining over-allotment option is not exercised in full or in part, so that the Sponsor will collectively own 30% of the Companys issued and outstanding ordinary shares after the Initial Public Offering (assuming they do not purchase any Units in the Initial Public Offering and excluding the Class A ordinary shares underlying the Private Placement Units and the Representative Shares). Upon incorpor …

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NOTE 9: SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to 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 as disclosed below and in Note 10. Initial Public Offering The registration statement for the Companys Initial Public Offering was declared effective on May 6, 2026. On May 8, 2026, the Company consummated the Initial Public Offering of 11,000,000 Units including 1,000,000 additional public Units as the underwriters over-allotment option was partially exercised, at $ 10.00 per Unit, generating gross proceeds of $ 110,000,000 (see Note 3). Simultaneously with the consummation of the Initial Public Offering and the sale of the Units, the Company consummated the Private Placement of 191,750 Private Placement Units to the Sponsor, at a price of $ 10.00 per Private Placement Unit, generating gross proceeds of $ 1,917,500 (see Note 4). Underwriting Agreement On May 8, 2026, the underwriters purchased 1,000,000 additional Units through a partial exercise of their over-allotment option, leaving an option to purchase 500,000 additional Units within the prescribed timeframe. In connection with the partial exercise of the over-allotment option, the Company and the underwriters entered into a Letter Agreement, dated as of May 8, 2026, pursuant t …

SubsequentEventsTextBlock · excerpt; the full note is in the filing