| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following tables reflect the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):
|
|
|
For the Three Months Ended
March 31, 2025
|
| |
|
Class A
|
|
Class B
|
|
Basic and diluted net income per ordinary share
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
Allocation of net income
|
|
$
|
551,999 |
|
$
|
138,000 |
|
Denominator:
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding
|
|
|
23,000,000 |
|
|
5,750,000 |
|
Basic net income per ordinary share
|
|
$
|
0.02 |
|
$
|
0.02 |
|
The following tables reflect the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):
|
|
|
For the Period from April 4, 2024
(Inception) Through
December 31,
2024
|
| |
|
Class A
|
|
Class B
|
|
Basic and diluted net income per ordinary share
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
Allocation of net income
|
|
$
|
2,325,597 |
|
$
|
1,083,191 |
|
Denominator:
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding
|
|
|
11,372,694 |
|
|
5,297,048 |
|
Basic net income per ordinary share
|
|
$
|
0.20 |
|
$
|
0.20 |
|
| Schedule of Class A Ordinary Shares Subject to Redemption |
As of March 31, 2025 and December 31, 2024, the Class A ordinary shares subject to redemption reflected in the condensed consolidated balance sheets are reconciled in the following table:
|
Gross proceeds
|
|
$
|
230,000,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(529,000 |
)
|
|
Class A ordinary shares issuance costs
|
|
|
(15,341,097 |
)
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
21,063,682 |
|
|
Class A ordinary shares subject to possible redemption, December 31, 2024
|
|
|
235,193,585 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
2,462,864 |
|
|
Class A ordinary shares subject to possible redemption, March 31, 2025
|
|
$
|
237,656,449 |
|
|
As of December 31, 2024, the Class A ordinary shares subject to redemption reflected in the balance sheet are reconciled in the following table:
|
Gross proceeds
|
|
$
|
230,000,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(529,000 |
)
|
|
Class A ordinary shares issuance costs
|
|
|
(15,341,097 |
)
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
21,063,682 |
|
|
Class A ordinary shares subject to possible redemption, December 31, 2024
|
|
$
|
235,193,585 |
|
|