| Class A Ordinary Shares Subject to Redemption |
At December 31, 2025 and 2024, the Public Shares subject to redemption reflected in the consolidated balance sheets are reconciled in the following table:
| | | | | |
|
Gross proceeds
|
|
$ |
86,250,000 |
|
|
Less:
|
|
|
|
|
|
Class A ordinary shares issuance costs
|
|
|
(4,793,647 |
) |
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
6,898,044 |
|
|
Class A ordinary shares subject to possible redemption, December 31, 2024
|
|
|
88,354,397 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
3,518,021 |
|
|
Class A ordinary shares subject to possible redemption, December 31, 2025
|
|
$ |
91,872,418 |
|
|
| Basic and Diluted Net Income (Loss) Per Ordinary Share |
The following tables reflect the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
| |
|
For the Year Ended December
31, 2025 | |
|
For the Period from March
22, 2024 (Inception)
Through December 31, 2024 | |
| |
|
|
Class A
Redeemable
| |
|
|
Class A and B
Non-
redeemable
| |
|
|
Class A
Redeemable
| |
|
|
Class A and B
Non-
redeemable
| |
|
Basic net income per ordinary share:
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
Numerator:
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
Allocation of net income
|
|
$ |
652,646 | |
|
$ |
184,822 | |
|
$ |
1,396,946 | |
|
$ |
513,446 | |
|
Denominator:
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
Basic weighted average ordinary shares outstanding
|
|
|
8,625,000 | |
|
|
2,442,500 | |
|
|
6,104,313 | |
|
|
2,243,636 | |
|
Basic net income per ordinary share
|
|
$ |
0.08 | |
|
$ |
0.08 | |
|
$ |
0.23 | |
|
$ |
0.23 | |
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
| |
|
For the Year Ended December
31, 2025 | |
|
For the Period from March
22, 2024 (Inception)
Through December 31, 2024 | |
| |
|
|
Class A
Redeemable
| |
|
|
Class A and B
Non-
redeemable
| |
|
|
Class A
Redeemable
| |
|
|
Class A and B
Non-
redeemable
| |
|
Diluted net income per ordinary share:
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
Numerator:
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
Allocation of net income
|
|
$ |
652,646 | |
|
$ |
184,822 | |
|
$ |
1,384,138 | |
|
$ |
526,254 | |
|
Denominator:
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
Diluted weighted average ordinary shares outstanding
|
|
|
8,625,000 | |
|
|
2,442,500 | |
|
|
6,104,313 | |
|
|
2,320,880 | |
|
Diluted net income per ordinary share
|
|
$ |
0.08 | |
|
$ |
0.08 | |
|
$ |
0.23 | |
|
$ |
0.23 | |
|