Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Nov. 30, 2025

Summary of Significant Accounting Policies

Schedule of class A ordinary shares reflected on the unaudited condensed balance sheets are reconciled


Common stock subject to possible redemption, November 30, 2024	$	—
Gross proceeds		300,000
Less: share issuance costs		(170)
Plus: adjust carrying value to redemption value		170
Common stock subject to possible redemption, November 30, 2025	$	300,000

CIK_0001843477_Spring Valley Acquisition Corp. II

Summary of Significant Accounting Policies

Schedule of class A ordinary shares reflected on the unaudited condensed balance sheets are reconciled


Class A ordinary shares subject to possible redemption - December 31, 2023	$	249,254,022
Less:
Redemption		(232,811,894)
Plus:
Waiver of deferred underwriting fees		8,050,000
Adjustment for accretion of Class A ordinary shares subject to possible redemption		(438,044)
Adjustment for Contributions under promissory note		1,500,000
Class A ordinary shares subject to possible redemption - December 31, 2024	$	25,554,084
Less:
Redemption		(1,801)
Plus:
Adjustment for accretion of Class A ordinary shares subject to possible redemption		1,063,694
Class A ordinary shares subject to possible redemption - December 31, 2025	$	26,615,977

Schedule of calculation of basic and diluted net income per ordinary share

The following tables reflect the calculation of basic and diluted net (loss) income per ordinary share (in dollars, except per share amounts):


	For The Year Ended December 31,
	2025						2024
	Class A		Class A				Class A		Class A
	(subject to		(not subject to				(subject to		(not subject to
	redemption)		redemption)		Class B		redemption)		redemption)		Class B
Basic and diluted net (loss) income per ordinary share:
Numerator:
Allocation of net (loss) income	$	(688,378)	$	(2,384,372)	$	—	$	4,313,847	$	2,327,882	$	170,666
Denominator:
Basic and diluted weighted average ordinary shares outstanding		2,213,398		7,666,666		1		13,236,821		7,142,987		523,680
Basic and diluted net (loss) income per ordinary share	$	(0.31)	$	(0.31)	$	(0.31)	$	0.33	$	0.33	$	0.33

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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