Schedule of Class A Ordinary Shares Subject to Possible Redemption |
As of June 30, 2025, the
Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:
Gross proceeds | |
$ | 230,000,000 | |
Less: | |
| | |
Proceeds allocated to Public Warrants | |
| (2,185,000 | ) |
Class A Ordinary shares issuance costs | |
| (7,638,884 | ) |
Plus: | |
| | |
Remeasurement of carrying value to redemption value | |
| 11,691,817 | |
Class A Ordinary shares subject to possible redemption, March 31, 2025 | |
$ | 231,867,933 | |
Plus: | |
| | |
Remeasurement of carrying value to redemption value | |
| 2,442,453 | |
Class A Ordinary shares subject to possible redemption, June 30, 2025 | |
$ | 234,310,386 | |
|
Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share |
The following table reflects the calculation
of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):
| |
Three
Months Ended
June 30, 2025 | | |
Six
Months Ended
June 30, 2025 | |
| |
Class A | | |
Class B | | |
Class A | | |
Class B | |
Basic net income (loss) per share: | |
| | |
| | |
| | |
| |
Numerator: | |
| | |
| | |
| | |
| |
Allocation of net income (loss) | |
$ | 1,678,529 | | |
$ | 419,632 | | |
$ | (3,091,201 | ) | |
$ | (1,114,401 | ) |
Denominator: | |
| | | |
| | | |
| | | |
| | |
Basic weighted average shares outstanding | |
| 23,000,000 | | |
| 5,750,000 | | |
| 15,248,619 | | |
| 5,497,238 | |
Basic net income (loss) per ordinary share | |
$ | 0.07 | | |
$ | 0.07 | | |
$ | (0.20 | ) | |
$ | (0.20 | ) |
| |
Three
Months Ended
June 30, 2025 | | |
Six
Months Ended
June 30, 2025 | |
| |
Class A | | |
Class B | | |
Class A | | |
Class B | |
Diluted net income (loss) per share: | |
| | |
| | |
| | |
| |
Numerator: | |
| | |
| | |
| | |
| |
Allocation of net income (loss) | |
$ | 1,678,529 | | |
$ | 419,632 | | |
$ | (3,053,992 | ) | |
$ | (1,151,610 | ) |
Denominator: | |
| | | |
| | | |
| | | |
| | |
Diluted weighted average shares outstanding | |
| 23,000,000 | | |
| 5,750,000 | | |
| 15,248,619 | | |
| 5,750,000 | |
Diluted net income (loss) per ordinary share | |
$ | 0.07 | | |
$ | 0.07 | | |
$ | (0.20 | ) | |
$ | (0.20 | ) |
|