Schedule of Net Income (Loss) Per Share |
The
net income (loss) per share presented in the statements of operations is based on the following:
Schedule
of Net Income (Loss) Per Share
| |
Three Months ended June 30, 2025 | | |
Three Months ended June 30, 2024 | | |
Six months ended June 30, 2025 | | |
Six months ended June 30, 2024 | |
| |
| | |
| | |
| | |
| |
Net income | |
$ | (127,315 | ) | |
$ | 385,370 | | |
$ | (9,346 | ) | |
$ | 827,635 | |
Income earned on Trust Account | |
| (162,689 | ) | |
| (675,837 | ) | |
| (464,060 | ) | |
| (1,463,005 | ) |
Accretion of carrying value to redemption value | |
| (50,000 | ) | |
| (165,000 | ) | |
| (104,979 | ) | |
| (330,000 | ) |
Net loss including accretion of equity into redemption value | |
$ | (340,004 | ) | |
$ | (455,467 | ) | |
$ | (578,385 | ) | |
$ | (965,370 | ) |
|
Schedule of Income (Loss) Basic and Diluted Per Share |
Schedule of Income (Loss) Basic and Diluted Per Share
| |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | |
| |
Three months ended June 30, 2025 | | |
Six months ended June 30, 2025 | | |
Three months ended June 30, 2024 | | |
Six months ended June 30, 2024 | |
| |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | |
Particulars | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | |
Basic and diluted net income (loss) per share: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Numerators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Allocation of net loss including accretion of temporary equity | |
| (130,854 | ) | |
| (209,150 | ) | |
| (222,597 | ) | |
| (355,788 | ) | |
| (314,044 | ) | |
| (141,423 | ) | |
| (667,168 | ) | |
| (298,202 | ) |
Income earned on trust account | |
| 162,689 | | |
| — | | |
| 464,060 | | |
| — | | |
| 675,837 | | |
| — | | |
| 1,463,005 | | |
| — | |
Accretion of temporary equity to redemption value | |
| 50,000 | | |
| — | | |
| 104,979 | | |
| — | | |
| 165,000 | | |
| — | | |
| 330,000 | | |
| — | |
Allocation of net income (loss) | |
| 81,835 | | |
| (209,150 | ) | |
| 346,442 | | |
| (355,788 | ) | |
| 526,793 | | |
| (141,423 | ) | |
| 1,125,837 | | |
| (298,202 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Denominators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Weighted-average shares outstanding | |
| 1,335,250 | | |
| 2,134,200 | | |
| 1,335,250 | | |
| 2,134,200 | | |
| 4,739,226 | | |
| 2,134,200 | | |
| 4,774,843 | | |
| 2,134,200 | |
Basic and diluted net income (loss) per share | |
| 0.06 | | |
| (0.10 | ) | |
| 0.26 | | |
| (0.17 | ) | |
| 0.11 | | |
| (0.07 | ) | |
| 0.24 | | |
| (0.14 | ) |
|
Schedule of Subject to Possible Redemption |
At
June 30, 2025, the ordinary shares reflected in the balance sheets are reconciled in the following table:
Schedule of Subject to Possible Redemption
Ordinary shares subject to possible redemption – December 31, 2024 | |
$ | 15,240,284 | |
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit | |
| 356,350 | |
Ordinary shares subject to possible redemption - March 31, 2025 | |
$ | 15,596,634 | |
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit | |
| 212,689 | |
Ordinary shares subject to possible redemption – June 30, 2025 | |
$ | 15,809,323 | |
|