| Schedule of Reconciliation of Net (Loss) Income Per Ordinary Share |
A reconciliation of the net (loss) income per
ordinary share is as follows.
| | |
For
The
Three Months
Ended
September 30,
2025 | | |
For
The
Three Months
Ended
September 30,
2024 | | |
For
The
Nine Months
Ended
September 30,
2025 | | |
For
The
Nine Months
Ended
September 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 | |
$ | (1,469,901 | ) | |
$ | 166,175 | | |
$ | (6,325,609 | ) | |
$ | 1,365,096 | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator:
Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Basic
and diluted weighted average shares outstanding, Redeemable Class A | |
| 1,513,954 | | |
| 6,290,711 | | |
| 3,508,644 | | |
| 7,426,633 | |
| Basic
and diluted net (loss) income per share, Class A ordinary shares subject to possible redemption | |
$ | (0.97 | ) | |
$ | 0.03 | | |
$ | (1.80 | ) | |
$ | 0.18 | |
| | |
| | | |
| | | |
| | | |
| | |
| Non-Redeemable
Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Numerator:
Net (loss) income allocable to non-redeemable Ordinary Shares | |
| | | |
| | | |
| | | |
| | |
| Net
income allocable to non-redeemable Ordinary Shares | |
$ | (4,884,850 | ) | |
$ | 132,905 | | |
$ | (9,070,661 | ) | |
$ | 924,798 | |
| | |
| | | |
| | | |
| | | |
| | |
| 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 | |
$ | (0.97 | ) | |
$ | 0.03 | | |
$ | (1.80 | ) | |
$ | 0.18 | |
|
| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
The reconciliation of Class A ordinary shares subject to possible redemption
as of September 30, 2025 and December 31, 2024 is as follows:
| | |
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 | |
| Remeasurement of Class A ordinary shares to redemption value | |
| — | | |
| 223,150 | |
| Extension contribution due from Sponsor | |
| — | | |
| 151,395 | |
| Class A ordinary shares subject to possible redemption at September 30, 2025 | |
| 1,513,954 | | |
$ | 18,706,185 | |
|