| Schedule of Net Income (Loss) Per Share |
A reconciliation
of net loss per share is as follows for the three months ended March 31, 2025:
| | |
Class A
subject to
possible
redemption | | |
Class A
Perm | | |
Class B | |
| Allocation of undistributable loss | |
$ | (38,759 | ) | |
$ | (787 | ) | |
$ | (19,683 | ) |
| Weighted average shares outstanding, basic and diluted | |
| 2,668,693 | | |
| 54,210 | | |
| 1,355,250 | |
| Basic and diluted net loss per share | |
$ | (0.01 | ) | |
$ | (0.01 | ) | |
$ | (0.01 | ) |
A reconciliation of net income
per share is as follows for the three months ended March 31, 2024:
| | |
Class A
subject to
possible
redemption | | |
Class A
Perm | | |
Class B | |
| Allocation of undistributable income | |
$ | 103,652 | | |
$ | 1,037 | | |
$ | 25,913 | |
| Weighted average shares outstanding, basic and diluted | |
| 5,421,000 | | |
| 54,210 | | |
| 1,355,250 | |
| Basic and diluted net income per share | |
$ | 0.02 | | |
$ | 0.02 | | |
$ | 0.02 | |
|
| Schedule of Common Stock Subject to Possible Redemption |
The reconciliation
of Class A common stock subject to possible redemption as of March 31, 2025 is as follows:
| Gross proceeds from sale of Public Units | |
$ | 54,210,000 | |
| Less: Proceeds allocated to Public Warrants | |
| (1,218,153 | ) |
| Less: Proceeds allocated to underwriters’ over-allotment option | |
| (134,584 | ) |
| Less: Issuance costs allocated to Class A common stock subject to possible redemption | |
| (3,928,774 | ) |
| Less: Redemption of Class A common stock | |
| (30,194,356 | ) |
| Accretion to redemption value | |
| 11,743,898 | |
| Class A common stock subject to possible redemption | |
$ | 30,478,031 | |
The reconciliation
of Class A common stock subject to possible redemption as of December 31, 2024 is as follows:
| Gross proceeds from sale of Public Units | |
$ | 54,210,000 | |
| Less: Proceeds allocated to Public Warrants | |
| (1,218,153 | ) |
| Less: Proceeds allocated to underwriters’ over-allotment option | |
| (134,584 | ) |
| Less: Issuance costs allocated to Class A common stock subject to possible redemption | |
| (3,928,774 | ) |
| Less: Redemption of Class A common stock | |
| (30,194,356 | ) |
| Accretion to redemption value | |
| 11,289,712 | |
| Class A common stock subject to possible redemption | |
$ | 30,023,845 | |
|