v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF CONTINGENTLY REDEEMABLE CLASS A COMMON STOCK

As of March 31, 2025 and June 30, 2024, the ordinary shares reflected on the balance sheets is reconciled in the following table:

 

Gross proceeds  $78,000,000 
Less:     
Transaction costs allocated to ordinary shares   (4,599,397)
Proceeds allocated to Public Rights and Warrants   (8,275,800)
Redemption of 5,710,184 ordinary shares   (58,312,401)
Plus:     
Remeasurement adjustment of carrying value to redemption value   15,989,837 
Ordinary shares subject to possible redemption – June 30, 2023   22,802,239 
Plus:     
Redemption of 752,053 ordinary shares   (8,621,702)
Remeasurement adjustment of carrying value to redemption value   1,971,571 
      
Ordinary shares subject to possible redemption – June 30, 2024   16,152,108 
Plus:     
Redemption of 518,968 ordinary shares   (6,502,636)
Remeasurement adjustment of carrying value to redemption value   950,445 
Ordinary shares subject to possible redemption – March 31, 2025  $10,599,917 
SCHEDULE OF NET INCOME (LOSS) PER SHARE

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share.

 

SCHEDULE OF NET INCOME (LOSS) PER SHARE

   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
 
   For the Three Months Ended
March 31, 2025
   For the Three Months Ended
March 31, 2024
 
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
 
Numerator: Allocation of net (loss) income, as adjusted  $(15,550)  $(44,556)  $16,902   $29,642 
Denominator: Basic and diluted weighted average shares outstanding   818,795    2,346,143    1,337,763    2,346,143 
Basic and diluted net (loss) income per ordinary share  $(0.02)  $(0.02)  $0.01   $0.01 

 

   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
 
   For the Nine Months Ended
March 31, 2025
   For the Nine Months Ended
March 31, 2024
 
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
 
Numerator: Allocation of net (loss) income, as adjusted  $(88,637)  $(183,818)  $30,277   $39,586 
Denominator: Basic and diluted weighted average shares outstanding   1,131,312    2,346,143    1,794,464    2,346,143 
Basic and diluted net (loss) income per ordinary share  $(0.08)  $(0.08)  $0.02   $0.02