Summary of Class A ordinary shares, classified as temporary equity in the balance sheets |
| | | | Gross proceeds from Initial Public Offering | | $ | 115,000,000 | Less: | | | | Proceeds allocated to Public Warrants | | | (5,102,550) | Offering costs allocated to Class A ordinary shares subject to possible redemption | | | (6,519,382) | Add: | | | | Re-measurement of Class A ordinary shares subject to possible redemption | | | 13,922,293 | Class A ordinary shares subject to possible redemption, December 31, 2021 | | | 117,300,361 | Re-measurement of Class A ordinary shares subject to possible redemption | | | 1,691,913 | Class A ordinary shares subject to possible redemption, December 31, 2022 | | | 118,992,274 | Redemption of Class A ordinary shares subject to possible redemption | | | (77,625,038) | Re-measurement of Class A ordinary shares subject to possible redemption | | | 6,099,375 | Class A ordinary shares subject to possible redemption, December 31, 2023 | | | 47,466,611 | Re-measurement of Class A ordinary shares subject to possible redemption | | | (36,721,262) | Class A ordinary shares subject to possible redemption, December 31, 2024 | | | 3,469,968 | Class A ordinary shares subject to possible redemption, December 31, 2024 | | | 14,215,318 | Re-measurement of Class A ordinary shares subject to possible redemption | | | 273,217 | Class A ordinary shares subject to possible redemption, March 31, 2025 | | $ | 14,488,535 | Re-measurement of Class A ordinary shares subject to possible redemption | | | 276,684 | Class A ordinary shares subject to possible redemption, June 30, 2025 | | $ | 14,765,219 |
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Summary of basic and diluted net income (loss) per ordinary share |
| | | | | | For the Three Months Ended | | | June 30, 2025 | Net loss | | $ | (24,353) | Accretion of temporary equity to redemption value | | | (276,684) | Net loss including accretion of temporary equity to redemption value | | $ | (301,037) |
| | | | | | | | | For the Three Months Ended | | | June 30, 2025 | | | Class A | | Class B | Basic and diluted net income (loss) per share: | | | | | | | Numerator: | | | | | | | Allocation of net loss including accretion of temporary equity | | $ | (87,890) | | $ | (213,148) | Allocation of accretion of temporary equity to redemption value | | | 276,684 | | | — | Allocation of net income (loss) | | $ | 188,794 | | $ | (213,148) | | | | | | | | Denominator: | | | | | | | Weighted-average shares outstanding | | | 1,185,481 | | | 2,875,000 | Basic and diluted net income (loss) per share | | $ | 0.16 | | $ | (0.07) |
| | | | | | For the Six Months Ended | | | June 30, 2025 | Net loss | | $ | (316,854) | Accretion of temporary equity to redemption value | | | (549,901) | Net loss including accretion of temporary equity to redemption value | | $ | (866,755) |
| | | | | | | | | For the Six Months Ended | | | June 30, 2025 | | | Class A | | Class B | Basic and diluted net income (loss) per share: | | | | | | | Numerator: | | | | | | | Allocation of net loss including accretion of temporary equity | | $ | (253,054) | | $ | (613,701) | Allocation of accretion of temporary equity to redemption value | | | 549,901 | | | — | Allocation of net income (loss) | | $ | 296,847 | | $ | (613,701) | | | | | | | | Denominator: | | | | | | | Weighted-average shares outstanding | | | 1,185,481 | | | 2,875,000 | Basic and diluted net income (loss) per share | | $ | 0.25 | | $ | (0.21) |
| | | | | | For the Three Months Ended | | | June 30, 2024 | Net loss | | $ | (78,378) | Accretion of temporary equity to redemption value | | | (898,727) | Net loss including accretion of temporary equity to redemption value | | $ | (977,105) |
| | | | | | | | | For the Three Months Ended | | | June 30, 2024 | | | Class A | | Class B | Basic and diluted net income (loss) per share: | | | | | | | Numerator: | | | | | | | Allocation of net loss including accretion of temporary equity | | $ | (583,117) | | $ | (393,988) | Allocation of accretion of temporary equity to redemption value | | | 898,727 | | | — | Allocation of net income (loss) | | $ | 315,610 | | $ | (393,988) | | | | | | | | Denominator: | | | | | | | Weighted-average shares outstanding | | | 4,255,117 | | | 2,875,000 | Basic and diluted net income (loss) per share | | $ | 0.07 | | $ | (0.14) |
| | | | | | For the Six Months Ended | | | June 30, 2024 | Net loss | | $ | (115,508) | Accretion of temporary equity to redemption value | | | (1,922,211) | Net loss including accretion of temporary equity to redemption value | | $ | (2,037,719) |
| | | | | | | | | For the Six Months Ended | | | June 30, 2024 | | | Class A | | Class B | Basic and diluted net income (loss) per share: | | | | | | | Numerator: | | | | | | | Allocation of net loss including accretion of temporary equity | | $ | (1,216,072) | | $ | (821,647) | Allocation of accretion of temporary equity to redemption value | | | 1,922,211 | | | — | Allocation of net income (loss) | | $ | 706,139 | | $ | (821,647) | | | | | | | | Denominator: | | | | | | | Weighted-average shares outstanding | | | 4,255,117 | | | 2,875,000 | Basic and diluted net income (loss) per share | | $ | 0.17 | | $ | (0.29) |
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