Schedule of Class A Ordinary Shares Subject to Redemption Reflected |
At June 30, 2025 and December 31, 2024,
the Class A ordinary shares subject to redemption reflected in the balance sheets are reconciled in the following table:
Gross proceeds | |
$ | 184,000,000 | |
Less: | |
| | |
Public Shares issuance costs | |
| (8,158,738 | ) |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 16,608,029 | |
Class A ordinary shares subject to possible redemption, December 31, 2024 | |
| 192,449,291 | |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 4,064,267 | |
Class A ordinary shares subject to possible redemption, June 30, 2025 | |
$ | 196,513,558 | |
|
Schedule of Basic and Diluted Net (Loss) 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 June 30, | | |
For the Six Months Ended June 30, | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
Basic net income per ordinary share: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Numerator: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Allocation of net income | |
$ | 738,625 | | |
$ | 179,685 | | |
$ | 1,779,610 | | |
$ | 432,926 | | |
$ | 346,600 | | |
$ | 84,318 | | |
$ | 2,530,566 | | |
$ | 782,412 | |
Denominator | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Weighted-average shares outstanding | |
| 18,909,000 | | |
| 4,600,000 | | |
| 18,909,000 | | |
| 4,600,000 | | |
| 18,909,000 | | |
| 4,600,000 | | |
| 14,416,807 | | |
| 4,457,459 | |
Basic net income per ordinary share | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.09 | | |
$ | 0.09 | | |
$ | 0.02 | | |
$ | 0.02 | | |
$ | 0.18 | | |
$ | 0.18 | |
| |
For the Three Months Ended June 30, | | |
For the Six Months Ended June 30, | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
Diluted net income per ordinary share: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Numerator: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Allocation of net income | |
$ | 738,625 | | |
$ | 179,685 | | |
$ | 1,779,610 | | |
$ | 432,926 | | |
$ | 346,600 | | |
$ | 84,318 | | |
$ | 2,511,598 | | |
$ | 801,380 | |
Denominator | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Weighted-average shares outstanding | |
| 18,909,000 | | |
| 4,600,000 | | |
| 18,909,000 | | |
| 4,600,000 | | |
| 18,909,000 | | |
| 4,600,000 | | |
| 14,416,807 | | |
| 4,600,000 | |
Diluted net income per ordinary share | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.09 | | |
$ | 0.09 | | |
$ | 0.02 | | |
$ | 0.02 | | |
$ | 0.17 | | |
$ | 0.17 | |
|