As
of December 31, 2025, the ordinary shares reflected in the balance sheet are reconciled in the following table:
SCHEDULED
OF COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
| | |
| | |
| Gross proceeds from Public Shares | |
$ | 69,000,000 | |
| Less: | |
| | |
| Proceeds allocated to public rights | |
| (6,900,000 | ) |
| Allocation of offering costs related to ordinary shares | |
| (1,958,237 | ) |
| Redeem the redeemable ordinary shares held by Shareholder | |
| (55,413,505 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 8,858,237 | |
| Subsequent measurement of ordinary shares subject to possible redemption (interest earned in Trust Account) | |
| 4,139,971 | |
| Subsequent measurement of ordinary shares subject to possible redemption
(additional funding for business combination extension) | |
| 150,000 | |
| Ordinary shares subject to possible redemption (plus any interest earned in the Trust Account) | |
| 17,876,466 | |
|