| Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Ordinary Share |
The following tables reflects the calculation of basic and diluted net (loss) income per ordinary share (in dollars, except share amounts) for the three and six months ended June 30, 2025 and 2024:
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For the Three Months Ended June 30, |
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2025 |
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2024 |
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Class A
Ordinary
Redeemable
Shares |
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Class A and B
Ordinary Non-
redeemable
Shares |
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Class A
Ordinary
Redeemable
Shares |
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Class A and B
Ordinary Non-
redeemable
Shares |
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Basic and diluted net (loss) income per ordinary share |
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Numerator: |
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Allocation of net (loss) income |
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$ |
(45,499 |
) |
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$ |
(466,259 |
) |
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$ |
1,012,319 |
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$ |
668,928 |
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Denominator: |
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Basic and diluted weighted average shares outstanding |
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631,248 |
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6,468,750 |
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9,789,446 |
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6,468,750 |
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Basic and diluted net (loss) income per ordinary share |
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$ |
(0.07 |
) |
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$ |
(0.07 |
) |
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$ |
0.10 |
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$ |
0.10 |
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For the Six Months Ended June 30, |
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2025 |
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2024 |
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Class A
Ordinary
Redeemable
Shares |
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|
Class A and B
Ordinary Non-
redeemable
Shares |
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Class A
Ordinary
Redeemable
Shares |
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|
Class A and B
Ordinary Non-
redeemable
Shares |
|
Basic and diluted net (loss) income per ordinary share |
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Numerator: |
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Allocation of net (loss) income |
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$ |
(85,300 |
) |
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$ |
(525,017 |
) |
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$ |
1,213,747 |
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$ |
802,029 |
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Denominator: |
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Basic and diluted weighted average shares outstanding |
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1,050,982 |
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6,468,750 |
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9,789,446 |
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6,468,750 |
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Basic and diluted net (loss) income per ordinary share |
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$ |
(0.08 |
) |
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$ |
(0.08 |
) |
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$ |
0.12 |
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$ |
0.12 |
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| Schedule of Class A Ordinary Shares Subject to Possible Redemption Reflected in Balance Sheet |
As of June 30, 2025, the Class A ordinary shares subject to possible redemption reflected in the balance sheet is reconciled in the following table:
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Class A ordinary shares subject to possible redemption at December 31, 2022 |
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$ |
270,278,722 |
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Plus: |
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Accretion of carrying value to redemption value |
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10,527,741 |
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Less: |
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Shares redeemed in August 2023 |
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(172,774,717 |
) |
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Class A ordinary shares subject to possible redemption at December 31, 2023 |
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$ |
108,031,746 |
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Plus: |
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Accretion of carrying value to redemption value |
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4,934,831 |
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Less: |
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Shares redeemed in August 2024 |
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(95,447,584 |
) |
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Class A ordinary shares subject to possible redemption at December 31, 2024 |
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$ |
17,518,993 |
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Plus: |
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Accretion of carrying value to redemption value |
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333,580 |
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Class A ordinary shares subject to possible redemption at March 31, 2025 |
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$ |
17,852,573 |
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Less: |
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Shares redeemed in May 2025 |
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(17,521,050 |
) |
Plus: |
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Accretion of carrying value to redemption value ` |
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141,623 |
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Class A ordinary shares subject to possible redemption at June 30, 2025 |
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$ |
473,146 |
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