SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF NET INCOME (LOSS) PER SHARE PRESENTED IN STATEMENTS OF OPERATIONS |
The
net income (loss) per share presented in the statements of operations is based on the following:
SCHEDULE
OF NET INCOME (LOSS) PER SHARE PRESENTED IN STATEMENTS OF OPERATIONS
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
For Three Months
Ended June 30, | | |
For Six Months
Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Net income (loss) | |
$ | 750,303 | | |
$ | 816,754 | | |
$ | (1,289,691 | ) | |
$ | 1,603,116 | |
| Interest earned on investment held in Trust Account | |
| (88,405 | ) | |
| (941,850 | ) | |
| (185,727 | ) | |
| (1,865,342 | ) |
| Net income (loss) including accretion of equity into redemption value | |
$ | 661,898 | | |
$ | (125,096 | ) | |
$ | (1,475,418 | ) | |
$ | (262,226 | ) |
|
| SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED |
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED
| Particulars | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | |
| | |
For Three Months
Ended
June 30,
2025 | | |
For Six Months
Ended
June 30, 2025 | | |
For Three Months
Ended
June 30, 2024 | | |
For 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: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 759,249 | | |
| 2,266,500 | | |
| 1,238,013 | | |
| 2,266,500 | | |
| 6,900,000 | | |
| 2,266,500 | | |
| 6,900,000 | | |
| 2,266,500 | |
| Ownership percentage | |
| 25 | % | |
| 75 | % | |
| 35 | % | |
| 65 | % | |
| 75 | % | |
| 25 | % | |
| 75 | % | |
| 25 | % |
| Numerators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Allocation of net income (loss) including accretion of temporary equity | |
| 166,090 | | |
| 495,808 | | |
| (521,210 | ) | |
| (954,208 | ) | |
| (94,165 | ) | |
| (30,931 | ) | |
| (197,388 | ) | |
| (64,838 | ) |
| Interest earned on investment held in trust account | |
| 88,405 | | |
| - | | |
| 185,727 | | |
| - | | |
| 941,850 | | |
| - | | |
| 1,865,342 | | |
| - | |
| Allocation of net income (loss) | |
| 254,495 | | |
| 495,808 | | |
| (335,483 | ) | |
| (954,208 | ) | |
| 847,685 | | |
| (30,931 | ) | |
| 1,667,954 | | |
| (64,838 | ) |
| Denominators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 759,249 | | |
| 2,266,500 | | |
| 1,238,013 | | |
| 2,266,500 | | |
| 6,900,000 | | |
| 2,266,500 | | |
| 6,900,000 | | |
| 2,266,500 | |
| Basic and diluted net income (loss) per share | |
$ | 0.34 | | |
$ | 0.22 | | |
$ | (0.27 | ) | |
$ | (0.42 | ) | |
$ | 0.12 | | |
$ | (0.01 | ) | |
$ | 0.24 | | |
$ | (0.03 | ) |
|
| SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET |
At
June 30, 2025, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:
SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET
| Public offering proceeds | |
$ | 60,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (3,272,724 | ) |
| Allocation of offering costs related to redeemable shares | |
| (2,925,140 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 6,797,864 | |
| Ordinary shares subject to possible redemption | |
| 60,600,000 | |
| | |
| | |
| Over-allotment | |
| | |
| Plus: | |
| | |
| Over-allotment proceeds | |
| 9,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (490,909 | ) |
| Allocation of offering costs related to redeemable shares | |
| (212,727 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 793,636 | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 1,729,358 | |
| Ordinary shares subject to possible redemption, December 31, 2023 | |
$ | 71,419,358 | |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 3,684,883 | |
| Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) | |
| 690,000 | |
| Ordinary shares subject to possible redemption, December 31, 2024 | |
$ | 75,794,241 | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 97,321 | |
| Subsequent measurement of ordinary shares subject to possible redemption (redemption) | |
| (66,519,453 | ) |
| Ordinary shares subject to possible redemption, March 31, 2025 | |
$ | 9,372,109 | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 88,405 | |
| Subsequent measurement of ordinary shares subject to possible redemption (redemption) | |
| (1,144,954 | ) |
| Ordinary shares subject to possible redemption, June 30, 2025 | |
$ | 8,315,560 | |
|