| Schedule of Reconciliation of the Net Income Per Ordinary Share |
A
reconciliation of the net (loss) income per ordinary share is as follows.
| | |
For
The
Three Months
Ended
June 30,
2025 | | |
For
The
Three Months
Ended
June 30,
2024 | | |
For
The
Six Months
Ended
June 30,
2025 | | |
For
The
Six Months
Ended
June 30,
2024 | |
| Redeemable
Class A Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Numerator:
Net (loss) income allocable to Redeemable Class A Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Net
(loss) income allocable to Redeemable Class A Ordinary Shares | |
$ | (1,787,754 | ) | |
$ | 29,644 | | |
$ | (3,891,486 | ) | |
$ | 1,222,228 | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator:
Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Basic
and diluted weighted average shares outstanding, Redeemable Class A | |
| 2,773,758 | | |
| 7,027,834 | | |
| 4,522,519 | | |
| 8,000,835 | |
| Basic
and diluted net (loss) income per share, Class A ordinary shares subject to possible redemption | |
$ | (0.64 | ) | |
$ | 0.00 | | |
$ | (0.86 | ) | |
$ | 0.15 | |
| | |
| | | |
| | | |
| | | |
| | |
| Non-Redeemable
Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Numerator:
Net (loss) income allocable to non-redeemable Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Net
income allocable to non-redeemable Ordinary Shares | |
$ | (3,242,762 | ) | |
$ | 21,222 | | |
$ | (4,329,233 | ) | |
$ | 768,586 | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator:
Weighted Average Non-Redeemable Ordinary Shares | |
| 5,031,250 | | |
| 5,031,250 | | |
| 5,031,250 | | |
| 5,031,250 | |
| Basic
and diluted net (loss) income per share, non-redeemable ordinary shares | |
$ | (0.64 | ) | |
$ | 0.00 | | |
$ | (0.86 | ) | |
$ | 0.15 | |
|
| Schedule of Reconciliation of Class A Ordinary Shares Subject to Possible Redemption |
The reconciliation
of Class A ordinary shares subject to possible redemption as of June 30, 2025 and December 31, 2024:
| | |
Shares | | |
Amount | |
| Class
A ordinary shares subject to possible redemption at December 31, 2023 | |
| 8,973,837 | | |
$ | 99,250,100 | |
| Extension
contribution due from Sponsor | |
| — | | |
| 360,000 | |
| Redemption
of Class A ordinary shares | |
| (2,683,126 | ) | |
| (30,440,234 | ) |
| Remeasurement
of Class A ordinary shares to redemption value | |
| — | | |
| 4,872,808 | |
| Class
A ordinary shares subject to possible redemption at December 31, 2024 | |
| 6,290,711 | | |
| 74,042,674 | |
| Remeasurement
of Class A ordinary shares to redemption value | |
| — | | |
| 584,665 | |
| Extension
contribution due from Sponsor | |
| — | | |
| 270,000 | |
| Class
A ordinary shares subject to possible redemption at March 31, 2025 | |
| 6,290,711 | | |
| 74,897,339 | |
| Redemption
of Class A ordinary shares | |
| (4,776,757 | ) | |
| (57,089,949 | ) |
| Remeasurement
of Class A ordinary shares to redemption value | |
| — | | |
| 372,855 | |
| Extension
contribution due from Sponsor | |
| — | | |
| 151,395 | |
| Class
A ordinary shares subject to possible redemption at June 30, 2025 | |
| 1,513,954 | | |
$ | 18,331,640 | |
|