| Schedule of Class A Ordinary Shares Subject to Redemption |
As of March 31 , 2025 and December 31 , 2024 , the Class A ordinary shares reflected in the accompanying condensed balance sheets are reconciled in the following table:
|
|
|
|
|
Class A ordinary shares subject to possible redemption as of December 31, 2023 |
|
|
|
|
|
|
|
|
|
Accretion of carrying value to redemption value |
|
|
27,761,686 |
|
|
|
|
|
|
Class A ordinary shares subject to possible redemption as of December 31, 2024 |
|
|
|
|
|
|
|
|
|
Accretion of carrying value to redemption value |
|
|
5,698,441 |
|
|
|
|
|
|
Class A ordinary shares subject to possible redemption as of March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
As of December 31, 2024 and 2023, the Class A ordinary shares reflected in the accompanying balance sheets are reconciled in the following table:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds allocated to Public Warrants |
|
|
(2,625,000 |
) |
Class A ordinary shares issuance costs |
|
|
(28,550,129 |
) |
|
|
|
|
|
Accretion of carrying value to redemption value |
|
|
54,113,481 |
|
|
|
|
|
|
Class A ordinary shares subject to possible redemption as of December 31, 2023 |
|
|
|
|
|
|
|
|
|
Accretion of carrying value to redemption value |
|
|
27,761,686 |
|
|
|
|
|
|
Class A ordinary shares subject to possible redemption as of December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
| Schedule of Earnings Per Share, Basic and Diluted |
The following table reflects the calculation of basic and diluted net income per ordinary share:
|
|
|
|
|
|
|
|
|
| |
|
For the three months ended
March 31, |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Class A ordinary shares |
|
$ |
2,394,236 |
|
|
$ |
5,114,712 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average shares outstanding, Class A ordinary shares |
|
|
50,000,000 |
|
|
|
50,000,000 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per share, Class A ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Class B ordinary shares |
|
$ |
598,559 |
|
|
$ |
1,278,678 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average shares outstanding, Class B ordinary shares |
|
|
12,500,000 |
|
|
|
12,500,000 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per share, Class B ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table reflects the calculation of basic and diluted net income per ordinary share:
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Class A ordinary shares |
|
$ |
20,788,927 |
|
|
$ |
12,405,494 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average shares outstanding, Class A ordinary shares |
|
|
50,000,000 |
|
|
|
34,383,562 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per share, Class A ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Class B ordinary shares |
|
$ |
5,197,232 |
|
|
$ |
4,509,966 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average shares outstanding, Class B ordinary shares |
|
|
12,500,000 |
|
|
|
12,500,000 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per share, Class B ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|