| SCHEDULE OF EARNINGS PER SHARE |
The
following table reflects the calculation of basic and diluted net income (loss) per share:
SCHEDULE OF CALCULATION OF BASIC AND DILUTED NET INCOME PER SHARE
| | |
Class A | | |
Class B | | |
Class
B(1) | |
| | |
For the Three Months Ended
March
31, 2026 | | |
For the
Three Months
Ended
March 31,
2025 | |
| | |
Class A | | |
Class B | | |
Class
B(1) | |
| Numerator: | |
| | | |
| | | |
| | |
| Net income (loss) | |
$ | 779,017 | | |
$ | 259,672 | | |
$ | (54,616 | ) |
| Denominator: | |
| | | |
| | | |
| | |
| Weighted average ordinary shares | |
| 17,250,000 | | |
| 5,750,000 | | |
| 5,000,000 | |
| Basic and diluted net income (loss) per ordinary share | |
$ | 0.05 | | |
$ | 0.05 | | |
$ | (0.01 | ) |
| (1) |
Excludes
up to 750,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in
full or in part by the Underwriters (see Note 6). On April 30, 2025, the Underwriters’ over-allotment option was exercised
in full simultaneously with the Initial Public Offering, and the 750,000 Class B ordinary shares were no longer subject
to forfeiture. |
|
The
following tables reflect the calculation of basic and diluted net income (loss) per share:
SCHEDULE OF CALCULATION OF BASIC AND DILUTED NET INCOME PER SHARE
| | |
Class A | | |
Class B(1) | | |
Class A | | |
Class B(1) | |
| | |
For the
Year Ended
December 31, 2025 | | |
For the
Period from
December 9, 2024
(inception) through
December 31, 2024 | |
| | |
Class A | | |
Class B(1) | | |
Class A | | |
Class B(1) | |
| Basic net income (loss) per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net income (loss) | |
$ | 2,880,480 | | |
$ | 1,364,045 | | |
$ | — | | |
$ | (5,112 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted Average Ordinary Shares | |
| 11,626,027 | | |
| 5,505,479 | | |
| — | | |
| 5,000,000 | |
| Basic net income (loss) per ordinary share | |
$ | 0.25 | | |
$ | 0.25 | | |
$ | 0.00 | | |
$ | (0.00 | ) |
| | |
Class A | | |
Class B(1) | | |
Class A | | |
Class B(1) | |
| | |
For the
Year Ended
December 31, 2025 | | |
For the
Period from
December 9, 2024
(inception) through
December 31, 2024 | |
| | |
Class A | | |
Class B(1) | | |
Class A | | |
Class B(1) | |
| Diluted net income (loss) per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net income (loss) | |
$ | 2,870,496 | | |
$ | 1,374,029 | | |
$ | — | | |
$ | (5,112 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted Average Ordinary Shares | |
| 11,626,027 | | |
| 5,565,068 | | |
| — | | |
| 5,000,000 | |
| Diluted net income (loss) per ordinary share | |
$ | 0.25 | | |
$ | 0.25 | | |
$ | 0.00 | | |
$ | (0.00 | ) |
| (1) |
Excludes up to 750,000
Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the
Underwriters (Note 6). On April 30, 2025, the Underwriters’ over-allotment option was exercised in full simultaneously with
the Initial Public Offering, and the 750,000 Class B ordinary shares were no longer subject to forfeiture. |
|
| SCHEDULE OF EARNINGS PER SHARE |
The
factors used in the basic and diluted earnings / loss per share computation follow:
SCHEDULE
OF EARNINGS PER SHARE
| | |
March
31, 2026 | | |
March
31, 2025 | |
| | |
Three
Months Ended | |
| | |
March
31, 2026 | | |
March
31, 2025 | |
| | |
| | |
| |
| Net loss | |
$ | (4,545 | ) | |
$ | (4,114 | ) |
| | |
| | | |
| | |
| Weighted average common shares outstanding | |
| 44,264,315 | | |
| 42,068,550 | |
| | |
| | | |
| | |
| Earnings (loss) per common share | |
$ | (0.10 | ) | |
$ | (0.10 | ) |
|
The
factors used in the basic and diluted earnings / loss per share computation follow:
SCHEDULE
OF EARNINGS PER SHARE
| | |
2025 | | |
2024 | |
| | |
| | |
Restated | |
| Basic
and diluted: | |
| | | |
| | |
| Net
loss | |
$ | (14,842 | ) | |
$ | (14,486 | ) |
| | |
| | | |
| | |
| Weighted
average common shares outstanding | |
| 42,705,299 | | |
| 40,365,075 | |
| | |
| | | |
| | |
| Earnings
(loss) per common share | |
$ | (0.35 | ) | |
$ | (0.36 | ) |
|