Overview

We are a blank check company incorporated in the Cayman Islands on February 24, 2026, with the purpose of completing an Initial Business Combination. We intend to use the proceeds from our Initial Public Offering and the sale of Private Placement Units to finance this business combination. However, we have not yet engaged in any operations or generated any revenue, and we expect to continue incurring significant costs in pursuit of our acquisition plans. There is no assurance that we will be able to complete a successful Business Combination within the 24-month period from the closing of the Initial Public Offering.

Results of Operations

From our inception on February 24, 2026 through June 30, 2026, we have not engaged in any operations or generated any revenue. Our activities have been limited to organizational tasks and preparations for the Initial Public Offering. During this period, we incurred a net loss of $932,622, which consisted of $72,587 in formation, general, and administrative costs, as well as $860,035 in share-based compensation expense.

Liquidity and Capital Resources

As of June 30, 2026, we had no cash and a working capital deficit of $384,743. Our only source of liquidity prior to the Initial Public Offering was an initial purchase of Class B ordinary shares by our Sponsor and loans from the Sponsor.

Subsequent to the quarterly period, on July 6, 2026, we completed the Initial Public Offering of 23,000,000 Units, generating gross proceeds of $230,000,000. We also sold 610,000 Private Placement Units for gross proceeds of $6,100,000. After transaction costs, a total of $230,000,000 from the net proceeds was placed in the Trust Account.

We intend to use the funds held in the Trust Account to complete our Business Combination. The funds held outside the Trust Account will be used for identifying and evaluating target businesses, performing due diligence, and negotiating and completing the Business Combination.

Going Concern Consideration

As of June 30, 2026, we had no cash and a working capital deficit, indicating that we lacked the liquidity to finance our working capital needs for a reasonable period of time. While we completed the Initial Public Offering and Private Placement subsequent to the quarterly period, there is still a possibility that we may not be able to complete a Business Combination within the 24-month period from the closing of the Initial Public Offering. The accompanying financial statements do not include any adjustments that might result from this uncertainty.

Off-Balance Sheet Arrangements and Contractual Obligations

We have no off-balance sheet arrangements as of June 30, 2026. Our only significant contractual obligation is an agreement to reimburse an affiliate of the Sponsor, KingsRock, up to $30,000 per month for office space, utilities, and administrative support until the completion of the Initial Business Combination or our liquidation.

The underwriters of the Initial Public Offering were paid a cash underwriting discount of $4,600,000 (net of reimbursement) and are entitled to a deferred underwriting discount of $9,200,000 upon the completion of the Initial Business Combination.

Critical Accounting Estimates and Policies

The critical accounting policy we have identified is our treatment of share-based payment arrangements. We account for share awards in accordance with FASB ASC Topic 718, “Compensation—Stock Compensation,” which requires that all equity awards be accounted for at their fair value. Costs equal to these fair values are recognized ratably over the requisite service period, with adjustments made for actual forfeitures.