| Basic and diluted net loss per share |
| Basic and diluted net loss per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the
Year Ended
December 31,
2025 |
|
|
For the
Period From
February 5, 2024
(Inception)
Through
December 31,
2024 |
|
| |
|
Redeemable
Ordinary
Shares |
|
|
Non-redeemable
Ordinary
Shares |
|
|
Redeemable
Ordinary
Shares |
|
|
Non-redeemable
Ordinary
Shares |
|
| Basic net income per ordinary share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net income |
|
$ |
2,531,645 |
|
|
$ |
835,651 |
|
|
$ |
2,228,507 |
|
|
$ |
928,624 |
|
| Denominator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average shares outstanding |
|
|
10,641,286 |
|
|
|
3,512,500 |
|
|
|
7,796,970 |
|
|
|
3,249,015 |
|
| Basic net income per ordinary share |
|
$ |
0.24 |
|
|
$ |
0.24 |
|
|
$ |
0.29 |
|
|
$ |
0.29 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the
Year Ended
December 31,
2025 |
|
|
For the
Period From
February 5, 2024
(Inception)
Through
December 31,
2024 |
|
| |
|
Redeemable
Ordinary
Shares |
|
|
Non-redeemable
Ordinary
Shares |
|
|
Redeemable
Ordinary
Shares |
|
|
Non-redeemable
Ordinary
Shares |
|
| Diluted net income per ordinary share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net income |
|
$ |
2,531,645 |
|
|
$ |
835,651 |
|
|
$ |
2,204,794 |
|
|
$ |
952,337 |
|
| Denominator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted weighted-average shares outstanding |
|
|
10,641,286 |
|
|
|
3,512,500 |
|
|
|
7,806,061 |
|
|
|
3,371,742 |
|
| Diluted net income per ordinary share |
|
$ |
0.24 |
|
|
$ |
0.24 |
|
|
$ |
0.28 |
|
|
$ |
0.28 |
|
|
| Schedule of reconciliation of common stock reflected on balance sheet |
| Schedule of reconciliation of common stock reflected on balance sheet |
|
|
|
|
| Gross proceeds |
|
$ |
115,000,000 |
|
| Less: |
|
|
|
|
| Proceeds allocated to Public Rights |
|
|
(727,950 |
) |
| Ordinary share issuance cost |
|
|
(6,740,359 |
) |
| Plus: |
|
|
|
|
| Remeasurement of carrying value to redemption value |
|
|
11,562,240 |
|
| Ordinary
shares subject to possible redemption, December 31, 2024 |
|
$ |
119,093,931 |
|
| Less: | |
| | |
| Redemption of ordinary shares | |
| (71,580,705 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 4,744,152 | |
| Ordinary shares subject to possible redemption, December 31, 2025 | |
$ | 52,257,378 | |
|