| Cash Flow | 2026-06-30 |
|---|---|
| Net income | 1,311,466 |
| Interest earned on marketable securities held in trust account | 1,527,982 |
| Change in fair value of over-allotment option liability | 8,470 |
| Prepaid expenses | 60,117 |
| Prepaid insurance, current portion | 213,125 |
| Accrued expenses | 68,604 |
| Net cash used in operating activities | -429,624 |
| Investment of cash in trust account | 252,531,882 |
| Net cash used in investing activities | -252,531,882 |
| Proceeds from issuance of class b ordinary shares to sponsor | 25,000 |
| Proceeds from sale of units, net of underwriting discounts paid | 247,481,242 |
| Proceeds from sale of private units | 7,050,640 |
| Proceeds from promissory note - related party | 230,018 |
| Repayment of promissory note - related party | 230,018 |
| Payment of offering costs | 575,913 |
| Net cash provided by financing activities | 253,980,969 |
| Net change in cash | 1,019,463 |
Irenic Acquisition Corp. (IACQ)
Irenic Acquisition Corp. (IACQ)