v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
SCHEDULE OF COMMON STOCK SUBJECT TO REDEMPTION

As of June 30, 2025 and September 30, 2024, the common stock subject to redemption reflected in the balance sheet are reconciled in the following table:

 

      
Gross proceeds  $115,000,000 
Less:     
Proceeds allocated to Public Rights   (2,415,000)
Common stock issuance costs   (7,571,317)
Plus:     
Remeasurement of carrying value to redemption value   12,952,678 
Common stock subject to possible redemption, September 30, 2024  $117,966,361 
Plus:     
Remeasurement of carrying value to redemption value   3,061,940 
Common stock subject to possible redemption, June 30, 2025  $121,028,301 
SCHEDULE OF BASIC AND DILUTED NET INCOME (LOSS) PER COMMON STOCK

The following table reflects the calculation of basic and diluted net income per common stock (in dollars, except per share amounts):

 

   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
   For the Three Months Ended June 30,   For the Nine Months Ended June 30, 
   2025   2024   2025   2024 
   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
Basic net income per share of common stock:                                        
Numerator:                                        
Allocation of net income  $597,750   $220,860   $813,055   $300,412   $1,861,869   $687,935   $452,664   $378,666 
Denominator:                                        
Weighted-average shares outstanding   11,500,000    4,249,090    11,500,000    4,249,090    11,500,000    4,249,090    3,959,707    3,312,404 
Basic net income per common stock  $0.05   $0.05   $0.07   $0.07   $0.16   $0.16   $0.11   $0.11 

 

   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
   For the Three Months Ended June 30,   For the Nine Months Ended June 30, 
   2025   2024   2025   2024 
   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable   Redeemable   Non-redeemable 
Diluted net income per share of common stock:                                        
Numerator:                                        
Allocation of net income  $597,750   $220,860   $813,055   $300,412   $1,861,869   $687,935   $436,031   $395,299 
Denominator:                                        
Weighted-average shares outstanding   11,500,000    4,249,090    11,500,000    4,249,090    11,500,000    4,249,090    3,959,707    3,589,806 
Diluted net income per common stock  $0.05   $0.05   $0.07   $0.07   $0.16   $0.16   $0.11   $0.11