| Schedule of Quantitative Information Regarding Market Assumptions Used in the Valuation of the Share Rights |
The following table presents the quantitative
information regarding market assumptions used in the valuation of the Share Rights issued in the Initial Public Offering:
| | |
February 6,
2025 | |
| Underlying share price | |
$ | 9.91 | |
| Pre-adjusted value per share right | |
$ | 0.66 | |
| Market
adjustment(1) | |
| 15.0 | % |
| Fair value per share right | |
$ | 0.099 | |
| (1) | Market adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of Business Combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded right prices to simulated model outputs. The market adjustment was determined by calibrating traded Share Rights prices as of the valuation dates. |
|
| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
As of June 30, 2025, the Class A ordinary shares subject to possible redemption
reflected in the condensed balance sheet are reconciled in the following table:
| Gross proceeds | |
$ | 287,500,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (2,846,250 | ) |
| Class A ordinary shares issuance costs | |
| (16,246,286 | ) |
| Plus: | |
| | |
| Accretion for Class A ordinary
shares to redemption amount | |
| 22,322,451 | |
| Class A ordinary shares subject
to possible redemption, March 31, 2025 | |
$ | 290,729,915 | |
| Plus: | |
| | |
| Accretion for Class A ordinary
shares to redemption amount | |
| 3,091,950 | |
| Class A ordinary
shares subject to possible redemption, June 30, 2025 | |
$ | 293,821,865 | |
|
| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following table reflects 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 | | |
For the Six Months Ended
June 30, 2025 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Basic net income per share: | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income, as adjusted | |
$ | 2,203,146 | | |
$ | 711,545 | | |
$ | 3,241,891 | | |
$ | 1,274,640 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic weighted-average shares outstanding | |
| 29,672,727 | | |
| 9,583,333 | | |
| 23,738,182 | | |
| 9,333,333 | |
| Basic net income per ordinary share | |
$ | 0.07 | | |
$ | 0.07 | | |
$ | 0.14 | | |
$ | 0.14 | |
| | |
For the Three Months Ended
June 30, 2025 | | |
For the Six Months Ended
June 30, 2025 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Diluted net income per share: | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income, as adjusted | |
$ | 2,203,146 | | |
$ | 711,545 | | |
$ | 3,217,568 | | |
$ | 1,298,963 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Diluted
weighted-average shares outstanding (1) | |
| 29,672,727 | | |
| 9,583,333 | | |
| 23,738,182 | | |
| 9,583,333 | |
| Diluted net income per ordinary share | |
$ | 0.07 | | |
$ | 0.07 | | |
$ | 0.14 | | |
$ | 0.14 | |
| (1) | The difference between basic and diluted weighted average shares outstanding is due to the timing of the accounting for the underwriter’s exercise of the over-allotment option for 1,250,000 Class B ordinary shares (see Note 5). Basic weighted average shares outstanding reflects the exercise as of the actual date it occurred, whereas diluted weighted average shares outstanding reflects the exercise as if it had occurred at the beginning of the period. |
|