| Schedule of Basic and Diluted Net Loss Per Ordinary Share |
The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):
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For the Three Months Ended June 30, 2025 |
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For the Three Months Ended June 30, 2024 |
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Class A Redeemable |
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Class A Non-redeemable |
Class B |
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Class A Redeemable |
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Class A Non-redeemable |
Class B(1)(2) |
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Basic and diluted net loss per common share: |
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Numerator: |
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Basic allocation of net loss including accretion of temporary equity |
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(20,896,139 |
) |
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(131,038 |
) |
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(7,933,679 |
) |
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Diluted allocation of net loss including accretion of temporary equity |
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$ |
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(20,606,934 |
) |
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$ |
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(129,224 |
) |
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$ |
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(8,224,697 |
) |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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Denominator: |
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Basic weighted-average shares outstanding |
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22,474,286 |
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140,934 |
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8,532,857 |
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- |
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- |
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7,800,000 |
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Diluted weighted-average shares outstanding |
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22,474,286 |
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140,934 |
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8,970,000 |
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- |
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- |
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7,800,000 |
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Basic net loss per common share |
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$ |
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(0.93 |
) |
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$ |
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(0.93 |
) |
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$ |
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(0.93 |
) |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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Diluted net loss per common share |
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$ |
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(0.92 |
) |
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$ |
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(0.92 |
) |
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$ |
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(0.92 |
) |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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For the Six Months Ended June 30, 2025 |
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For the Six Months Ended June 30, 2024 |
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Class A Redeemable |
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Class A Non-redeemable |
Class B |
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Class A Redeemable |
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Class A Non-redeemable |
Class B(1)(2) |
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Basic and diluted net loss per common share: |
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Numerator: |
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Basic allocation of net loss including accretion of temporary equity |
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(16,779,449 |
) |
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(105,222 |
) |
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(12,130,223 |
) |
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Diluted allocation of net loss including accretion of temporary equity |
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$ |
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(16,118,217 |
) |
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$ |
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(101,076 |
) |
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$ |
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(12,795,602 |
) |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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Denominator: |
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Basic weighted-average shares outstanding |
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11,299,227 |
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70,856 |
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8,168,453 |
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- |
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- |
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7,800,000 |
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Diluted weighted-average shares outstanding |
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11,299,227 |
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70,856 |
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8,970,000 |
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- |
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- |
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7,800,000 |
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Basic net loss per common share |
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$ |
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(1.49 |
) |
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$ |
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(1.49 |
) |
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$ |
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(1.49 |
) |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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Diluted net loss per common share |
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$ |
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(1.43 |
) |
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$ |
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(1.43 |
) |
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$ |
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(1.43 |
) |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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(1) At December 31, 2024, excluded an aggregate of up to 1,170,000 Class B ordinary shares, $0.0001 par value, subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On May 5, 2025, the Company consummated its Initial Public Offering and sold 35.88 million Units, which includes the full exercise of the underwriter's over-allotment option, hence the 1,170,000 Class B ordinary shares are no longer subject to forfeiture. (2) On June 30, 2023, the Sponsor paid $25,000 to cover certain of the Company’s offering costs in consideration of 11,500,000 Founder Shares. On February 3, 2025, the Sponsor surrendered for no consideration 4,025,000 Founder Shares. On May 1, 2025, the Company effected a stock dividend with respect to its Class B ordinary shares of 1,495,000 shares thereof, resulting in an aggregate of 8,970,000 outstanding shares of Class B ordinary shares.
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