Based on the provided financial report articles, I generated the title for the article: **"Quarterly Report (Q2 2026) for CIK0002082542: Class A Ordinary Shares, Class B Ordinary Shares, and Redeemable Warrants"** Please note that the title may not be exact, as the provided text is a financial report and may not contain a clear title. However, based on the content, I attempted to create a title that summarizes the main topics covered in the report.
Based on the provided financial report articles, I generated the title for the article: **"Quarterly Report (Q2 2026) for CIK0002082542: Class A Ordinary Shares, Class B Ordinary Shares, and Redeemable Warrants"** Please note that the title may not be exact, as the provided text is a financial report and may not contain a clear title. However, based on the content, I attempted to create a title that summarizes the main topics covered in the report.
The report presents the financial statements of the company for the second quarter of 2026, covering the period from January 1, 2026, to June 30, 2026. The company reported total revenues of $X, with net income of $Y. The balance sheet shows total assets of $Z, total liabilities of $W, and shareholders’ equity of $V. The company’s cash and cash equivalents increased by $X, and its accounts receivable decreased by $Y. The report also includes information on the company’s stock performance, with the Class A ordinary shares closing at $X per share and the Class B ordinary shares closing at $Y per share. Additionally, the report provides information on the company’s capital structure, including the number of outstanding shares and the par value of each share.
Overview
We are a newly incorporated blank check company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to a business combination with us.
The issuance of additional ordinary shares or the creation of one or more classes of preference shares during our initial business combination may significantly dilute the equity interest of investors, subordinate the rights of holders of ordinary shares, cause a change in control, and have other adverse effects. Similarly, the issuance of debt securities or incurring significant indebtedness could result in default, acceleration of obligations, inability to obtain additional financing, and other disadvantages compared to our competitors.
Results of Operations and Known Trends or Future Events
We have not engaged in any operations or generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for the Initial Public Offering that closed on December 3, 2025.
For the three months ended June 30, 2026, we had net income of $1,699,239, primarily from interest income on the Trust Account and money market mutual fund, offset by general and administrative expenses, insurance, listing fees, and administrative support fee expense.
For the six months ended June 30, 2026, we had net income of $3,318,057, also primarily from interest income and a gain on the extinguishment of the over-allotment option liability, offset by expenses.
For the period from June 9, 2025 (inception) through June 30, 2025, we had a net loss of $1,147 from formation and general and administrative costs.
Liquidity and Capital Resources
As of June 30, 2026, we had cash and cash equivalents of $2,166,003 and cash and marketable securities held in the Trust Account of $224,492,323. Our liquidity needs prior to the Initial Public Offering were satisfied through $25,000 paid by the Sponsor and up to $300,000 in loans from our Sponsor.
The net proceeds from the Initial Public Offering and the sale of the Private Units, after deducting transaction costs, were placed in the Trust Account. We intend to use substantially all of the funds held in the Trust Account to complete our initial business combination.
We believe the amount of cash not held in the Trust Account will be sufficient to allow us to operate for at least the next 24 months, including expenses for due diligence, travel, legal, accounting, and other third-party expenses attendant to structuring and negotiating our initial business combination, regulatory reporting obligations, administrative support, and working capital. However, we may need to obtain additional financing to consummate our initial business combination or if we become obligated to redeem a significant number of our public shares.
Related Party Transactions
Our Sponsor purchased 7,666,667 founder shares for $25,000, or approximately $0.004 per share. Up to 1,000,000 of these shares may be surrendered by the Sponsor depending on the exercise of the underwriters’ over-allotment option. The Sponsor also purchased 770,000 Private Units for $7,700,000.
The Sponsor provided a $300,000 promissory note to cover a portion of our Initial Public Offering expenses, which was repaid in full as of the closing of the offering.
We entered into an administrative services agreement with our Sponsor to pay $20,000 per month for company administration, office space, and support. This agreement will terminate upon completion of our initial business combination.
We also entered into a Consulting Services Agreement with Samara Capital Advisors, LLC, which is wholly owned by the Managing Member of our Sponsor, to administer staffing costs for personnel engaged to support our activities. This arrangement was reviewed and approved by the independent Audit Committee as a related-party transaction.
Contractual Obligations
We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities as of June 30, 2026.
Critical Accounting Estimates
We have not identified any critical accounting estimates as of June 30, 2026.
Recent Accounting Standards
Refer to Note 2 – Significant Accounting Policies in the Notes to the Financial Statements for information on recent accounting standards.