Schedule of Class A Ordinary Shares Subject to Redemption |
As of June 30, 2025 and
December 31, 2024, the Class A Ordinary Shares subject to redemption reflected in the accompanying condensed balance sheets are reconciled
in the following table:
Gross Proceeds | |
$ | 230,000,000 | |
Less: | |
| | |
Proceeds allocated to Public Warrants | |
| (460,000 | ) |
Class A Ordinary Shares issuance costs | |
| (14,417,130 | ) |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 21,212,235 | |
Class A Ordinary Shares subject to possible redemption, December 31, 2024 | |
$ | 236,335,105 | |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 2,447,259 | |
Class A Ordinary Shares subject to possible redemption, March 31, 2025 (Unaudited) | |
$ | 238,782,364 | |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 2,477,873 | |
Class A Ordinary Shares subject to possible redemption, June 30, 2025 (Unaudited) | |
$ | 241,260,237 | |
|
Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following table reflects
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, | | |
For the Period from February 21, 2024 (Inception) Through June 30 | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
Basic and diluted net income per ordinary share: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Numerator: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Allocation of net income, as adjusted | |
$ | 1,685,781 | | |
$ | 561,927 | | |
$ | 35,452 | | |
$ | 94,026 | | |
$ | 3,334,804 | | |
$ | 1,111,602 | | |
$ | 22,283 | | |
$ | 84,935 | |
Denominator: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Basic weighted average ordinary shares outstanding | |
| 23,000,000 | | |
| 7,666,667 | | |
| 2,555,556 | | |
| 6,777,778 | | |
| 23,000,000 | | |
| 7,666,667 | | |
| 1,769,231 | | |
| 6,743,590 | |
Basic and diluted net income per ordinary share | |
$ | 0.07 | | |
$ | 0.07 | | |
$ | 0.01 | | |
$ | 0.01 | | |
$ | 0.14 | | |
$ | 0.14 | | |
$ | 0.01 | | |
$ | 0.01 | |
|