| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
At March 31, 2025 and December 31, 2024, the Class A Ordinary Shares subject to possible redemption reflected in the accompanying unaudited condensed balance sheets are reconciled in the following table:
|
Class A Ordinary Shares subject to possible redemption, December 31, 2023
|
|
$
|
170,000,000 |
|
Plus:
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
7,634,717 |
|
Class A Ordinary Shares subject to possible redemption, December 31, 2024
|
|
$
|
177,634,717 |
|
Plus:
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
1,860,128 |
|
Class A Ordinary Shares subject to possible redemption, March 31, 2025
|
|
$
|
179,494,845 |
|
At December 31, 2024 and 2023, the Class A Ordinary Shares subject to possible redemption reflected in the accompanying balance sheets are reconciled in the following table:
|
Gross proceeds
|
|
$
|
170,000,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(776,333 |
)
|
|
Class A Ordinary Shares issuance costs
|
|
|
(8,946,814 |
)
|
|
Plus:
|
|
|
|
|
|
Remeasurement of carrying value to redemption value
|
|
|
9,723,147 |
|
|
Class A Ordinary Shares subject to possible redemption, December 31, 2023
|
|
|
170,000,000 |
|
|
Plus:
|
|
|
|
|
|
Remeasurement of carrying value to redemption value
|
|
|
7,634,717 |
|
|
Class A Ordinary Shares subject to possible redemption, December 31, 2024
|
|
$
|
177,634,717 |
|
|
| Schedule of Calculation of Basic and Diluted Net (Loss) Income per Ordinary Share |
The following table reflects the calculation of basic and diluted net (loss) income per Ordinary Share:
|
|
|
For the Three Months Ended March 31,
|
| |
|
2025
|
|
2024
|
| |
|
Class A
Ordinary
Shares
|
|
Class B
Ordinary
Shares
|
|
Class A
Ordinary
Shares
|
|
Class B
Ordinary
Shares
|
|
Basic and diluted net (loss) income per Ordinary Share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net (loss) income, as adjusted
|
|
$
|
(39,166 |
)
|
|
$
|
(9,792 |
)
|
|
$
|
1,328,063 |
|
$
|
332,016 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average Ordinary Shares outstanding
|
|
|
17,000,000 |
|
|
|
4,250,000 |
|
|
|
17,000,000 |
|
|
4,250,000 |
|
Basic and diluted net (loss) income per Ordinary Share
|
|
$
|
(0.00 |
)
|
|
$
|
(0.00 |
)
|
|
$
|
0.08 |
|
$
|
0.08 |
|
As a result, diluted net income per Ordinary Share is the same as basic net income per Ordinary Share for the periods presented.
|
|
|
For the Year Ended
December 31, 2024
|
|
For the Period from
September 27, 2023
(Inception) Through
December 31, 2023
|
| |
|
Class A
Ordinary
Shares
|
|
Class B
Ordinary
Shares
|
|
Class A
Ordinary
Shares
|
|
Class B
Ordinary
Shares
|
|
Basic and diluted net income per Ordinary
Share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted
|
|
$
|
4,606,773 |
|
$
|
1,151,693 |
|
$
|
259,744 |
|
$
|
154,752 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average Ordinary Shares outstanding
|
|
|
17,000,000 |
|
|
4,250,000 |
|
|
6,621,053 |
|
|
3,944,737 |
|
Basic and diluted net income per Ordinary
Share
|
|
$
|
0.27 |
|
$
|
0.27 |
|
$
|
0.04 |
|
$
|
0.04 |
|