Related Parties |
3 Months Ended |
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Sep. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Parties | NOTE 5. RELATED PARTIES During the period from July 2, 2025 (inception) through September 30, 2025, Rorschach I LLC, the Company’s sole investor, paid $44,563 for Formation and Operating Costs on behalf of the Company. The Company’s obligation to repay these expenses is recognized as Due to Related Parties on the Company’s Condensed Consolidated Balance Sheet. In the normal course of business, certain expenses of the Company may be paid by, and then reimbursed to an affiliate of the Company. As of September 30, 2025, the Company had an outstanding balance due to the affiliate of $30,023. The amount is included in Due to Related Party on the Company’sCondensed Consolidated Balance Sheet. These expenses include but are not limited to legal, travel, and other expenses. Advisor Rights and Strategic Advisor Agreement Pursuant to the BCA, on the Closing Date, the Company and Rorschach Advisors LLC (the “Advisor”), an affiliate, entered into an Advisor Rights Agreement (the “Advisor Rights Agreement”) and a Strategic Advisor Agreement (the “Advisory Agreement”), and the Company issued to the Advisor three warrants (each, an “Advisor Warrant”). Refer to Note 7 for more details.
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