| Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share |
The following table presents a reconciliation
of the numerator and denominator used to compute basic and diluted net income (loss) per Ordinary Share for each class of Ordinary Shares
for the three months ended March 31, 2026
| | |
For the
Three
Months
Ended
March 31, | |
| | |
2026 | |
| Net income | |
$ | 1,114,164 | |
| Less: Remeasurement of Class A Ordinary Shares to redemption value | |
| 1,808,197 | |
| Net loss including accretion of Class A Ordinary Shares
to redemption value | |
$ | (694,033 | ) |
| | |
For the Three Months Ended | |
| | |
March 31, 2026 | |
| | |
Non-redeemable
Class A and | | |
Redeemable | |
| | |
Class B | | |
Class A | |
| | |
Ordinary
Shares | | |
Ordinary
Shares | |
| Total number of Ordinary Shares | |
| 7,837,163 | | |
| 20,125,000 | |
| Ownership percentage | |
| 28 | % | |
| 72 | % |
| | |
| | | |
| | |
| Net income allocated by class | |
$ | 312,275 | | |
$ | 801,889 | |
| | |
| | | |
| | |
| Less: Remeasurement of Class A Ordinary Shares to redemption
value based on ownership percentage | |
| (506,797 | ) | |
| (1,301,400 | ) |
| Plus: Accretion applicable to remeasurement
of redeemable Class A Ordinary Shares to redemption value | |
| — | | |
| 1,808,197 | |
| Total (loss) income
based on ownership percentage | |
$ | (194,522 | ) | |
$ | 1,308,685 | |
| | |
| | | |
| | |
| Weighted average Ordinary Shares outstanding | |
| 7,837,163 | | |
| 20,125,000 | |
| Basic and diluted net income (loss) per
share | |
$ | (0.02 | ) | |
$ | 0.07 | |
|
The
following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per Ordinary
Share for each class of Ordinary Shares for the period from February 10, 2025 (inception) through December 31, 2025:
| | |
For the Period from
February 10, 2025
(inception) through | |
| | |
December 31,
2025 | |
| Net income | |
$ | 2,531,400 | |
| Less: Remeasurement of Class A Ordinary Shares to redemption value | |
| (22,016,067 | ) |
| Net loss including accretion of Class A Ordinary Shares
to redemption value | |
$ | (19,484,667 | ) |
| | |
For the Period from
February 10, 2025
(inception) through | |
| | |
December 31, 2025 | |
| | |
Non-redeemable
Class A and | | |
Redeemable | |
| | |
Class B | | |
Class A | |
| | |
Ordinary
Shares | | |
Ordinary
Shares | |
| Total number of Ordinary Shares | |
| 7,837,163 | | |
| 20,125,000 | |
| Ownership percentage | |
| 28 | % | |
| 72 | % |
| | |
| | | |
| | |
| Net income allocated by class | |
$ | 618,008 | | |
$ | 1,913,392 | |
| | |
| | | |
| | |
| Less: Remeasurement of Class A Ordinary Shares to redemption
value based on ownership percentage | |
| (6,170,606 | ) | |
| (15,845,461 | ) |
| Plus: Accretion applicable to remeasurement
of redeemable Class A Ordinary Shares to redemption value | |
| — | | |
| 22,016,067 | |
| Total (loss) income
based on ownership percentage | |
$ | (5,552,599 | ) | |
$ | 8,083,999 | |
| | |
| | | |
| | |
| Weighted average Ordinary Shares outstanding | |
| 7,220,364 | | |
| 12,260,769 | |
| Basic and diluted net income (loss) per
share | |
$ | (0.77 | ) | |
$ | 0.66 | |
|
| Schedule of Class A Ordinary Shares Subject to Possible Redemption Reflected in the Balance Sheet are Reconciled |
As of March 31, 2026 and December 31, 2025, the Class A Ordinary Shares subject to possible redemption reflected in the
accompanying balance sheets are reconciled in the following table:
| Gross proceeds from Initial Public Offering | |
$ | 201,250,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (4,361,306 | ) |
| Offering costs allocated to Class A Ordinary Shares subject
to possible redemption | |
| (13,262,661 | ) |
| Plus: | |
| | |
| Accretion of Class A Ordinary Shares subject
to possible redemption | |
| 22,016,067 | |
| Class A Ordinary Shares subject to possible
redemption at December 31, 2025 | |
| 205,642,100 | |
| Accretion of Class A Ordinary Shares subject
to possible redemption | |
| 1,808,197 | |
| Class A Ordinary
Shares subject to possible redemption at March 31, 2026 | |
$ | 207,450,297 | |
|
As of December 31, 2025, the Class A Ordinary Shares subject to possible redemption reflected
in the accompanying balance sheets are reconciled in the following table:
| Gross proceeds from Initial Public Offering | |
$ | 201,250,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (4,361,306 | ) |
| Offering costs allocated to Class A Ordinary Shares subject
to possible redemption | |
| (13,262,661 | ) |
| Plus: | |
| | |
| Accretion of Class A Ordinary Shares subject
to possible redemption | |
| 22,016,067 | |
| Class A Ordinary
Shares subject to possible redemption at December 31, 2025 | |
$ | 205,642,100 | |
|