IPO and Financing - The company completed its Initial Public Offering on May 5, 2025, raising $240 million from the sale of 24 million Class A ordinary shares at $10.00 per share[104]. - A total of $240 million from the IPO proceeds was placed in a Trust Account, which may only be invested in U.S. government securities or held as cash until the completion of a Business Combination[106]. - The company has secured a commitment from the Sponsor for a loan of up to $1.75 million to cover transaction costs related to the Business Combination[111]. - The Sponsor has agreed to lend the company up to $3.6 million in connection with the Business Combination, with a conversion option into Class A ordinary shares[117]. Financial Performance - As of March 31, 2025, the company reported a working capital deficit of approximately $257,000[110]. - The company incurred a net loss of approximately $27,000 for the three months ended March 31, 2025, primarily due to general and administrative expenses[113]. - The company has not generated any revenues to date and will not do so until after the completion of a Business Combination[113]. Business Combination Timeline - The company has until May 5, 2027, to complete a Business Combination, or it will cease operations and redeem Public Shares[107]. - The company engaged Cantor Fitzgerald & Co. as an advisor for the Business Combination, agreeing to pay a fee of $8.4 million upon consummation[116]. Regulatory and Reporting Status - The company is classified as an emerging growth company and has opted not to comply with new or revised financial accounting standards until private companies are required to do so[121]. - As of March 31, 2025, the company reported no off-balance sheet arrangements or contractual obligations[124]. - The company qualifies as a smaller reporting company and is not required to provide extensive market risk disclosures[125].