Schedule of class A ordinary shares reflected on the unaudited condensed balance sheets are reconciled |
| | | | Class A ordinary shares subject to possible redemption –December 31, 2023 | | $ | 249,254,022 | Less: | | | | Redemption | | | (232,811,894) | Plus: | | | | Waiver of deferred underwriting fees | | | 8,050,000 | Adjustment for accretion of Class A ordinary shares subject to possible redemption | | | (438,044) | Adjustment for Contributions under promissory note | | | 1,500,000 | Class A ordinary shares subject to possible redemption –December 31, 2024 | | $ | 25,554,084 | Plus: | | | | Adjustment for accretion of Class A ordinary shares subject to possible redemption | | | 536,801 | Class A ordinary shares subject to possible redemption - June 30, 2025 | | $ | 26,090,885 |
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Schedule of calculation of basic and diluted net 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, | | | 2025 | | 2024 | | | Class A | | Class A | | | | | Class A | | Class A | | | | | | (subject to | | (not subject to | | | | | (subject to | | (not subject to | | | | | | redemption) | | redemption) | | Class B | | redemption) | | redemption) | | Class B | Basic and diluted net (loss) income per ordinary share: | | | | | | | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | | | | | | | Allocation of net (loss) income | | $ | (5,974) | | $ | (20,694) | | $ | — | | $ | 1,267,577 | | $ | 663,905 | | $ | — | | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | | | | Basic and diluted weighted average ordinary shares outstanding | | | 2,213,429 | | | 7,666,666 | | | 1 | | | 14,637,766 | | | 7,666,666 | | | 1 | | | | | | | | | | | | | | | | | | | | Basic and diluted net (loss) income per ordinary share | | $ | (0.00) | | $ | (0.00) | | $ | (0.00) | | $ | 0.09 | | $ | 0.09 | | $ | 0.09 |
| | | | | | | | | | | | | | | | | | | | | For The Six Months Ended June 30, | | | 2025 | | 2024 | | | Class A | | Class A | | | | | Class A | | Class A | | | | | | (subject to | | (not subject to | | | | | (subject to | | (not subject to | | | | | | redemption) | | redemption) | | Class B | | redemption) | | redemption) | | Class B | Basic and diluted net (loss) income per ordinary share: | | | | | | | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | | | | | | | Allocation of net (loss) income | | $ | (112,679) | | $ | (390,288) | | $ | — | | $ | 2,593,534 | | $ | 1,136,134 | | $ | 180,913 | | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | | | | Basic and diluted weighted average ordinary shares outstanding | | | 2,213,429 | | | 7,666,666 | | | 1 | | | 15,097,229 | | | 6,613,553 | | | 1,053,114 | | | | | | | | | | | | | | | | | | | | Basic and diluted net (loss) income per ordinary share | | $ | (0.05) | | $ | (0.05) | | $ | (0.05) | | $ | 0.17 | | $ | 0.17 | | $ | 0.17 |
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