| Schedule of Ordinary Shares Subject to Redemption |
As of June 30, 2026, the Class
A ordinary shares subject to redemption reflected in the balance sheet are reconciled in the following table:
| Gross proceeds | |
$ | 57,500,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Share Rights | |
| (2,415,000 | ) |
| Class A ordinary shares issuance costs | |
| (2,332,922 | ) |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account) | |
| 284,455 | |
| Accretion of carrying value to redemption value | |
| 303,957 | |
| Class A ordinary shares subject to possible redemption, December 31, 2025 | |
$ | 53,340,490 | |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account) | |
| 509,125 | |
| Accretion of carrying value to redemption value | |
| 922,419 | |
| Class A ordinary shares subject to possible redemption, March 31, 2026 | |
$ | 54,772,034 | |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to redemption (interest earned on trust account) | |
| 515,625 | |
| Accretion of carrying value to redemption value | |
| 938,456 | |
| Class A ordinary shares subject to possible redemption, June 30, 2026 | |
$ | 56,226,115 | |
|
| Schedule of Earnings (Loss) Per Share |
The net income (loss) per share
presented in the unaudited condensed consolidated statements of operations is based on the following:
| |
|
For the Three Months Ended
June 30, |
|
|
For the
Six
Months
Ended
June 30, |
|
|
For the
Period
from
January 13,
2025
(inception)
to
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| Net income (loss) |
|
$ |
87,581 |
|
|
$ |
(37,000 |
) |
|
$ |
237,755 |
|
|
$ |
(46,052 |
) |
| Subsequent measurement of ordinary shares subject to redemption (interest earned in Trust Account) |
|
|
(515,625 |
) |
|
|
- |
|
|
|
(1,024,750 |
) |
|
|
- |
|
| Accretion of Class A ordinary shares to redemption value |
|
|
(938,456 |
) |
|
|
- |
|
|
|
(1,860,875 |
) |
|
|
- |
|
| Net loss including accretion of Class A ordinary shares to redemption value |
|
$ |
(1,366,500 |
) |
|
$ |
(37,000 |
) |
|
$ |
(2,647,870 |
) |
|
$ |
(46,052 |
) |
| | |
For the Three Months Ended
June 30, 2026 | | |
For the Three Months Ended
June 30, 2025 | |
| | |
Redeemable
Class A
Ordinary
Shares | | |
Non-
redeemable
Class A
and Class B
Ordinary
Shares | | |
Redeemable
Class A
Ordinary
Shares | | |
Non-
redeemable
Class A
and Class B
Ordinary
Shares | |
| Basic and diluted net income (loss) per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net loss | |
$ | (1,064,000 | ) | |
$ | (302,499 | ) | |
$ | — | | |
$ | (37,000 | ) |
| Subsequent measurement of ordinary shares subject to redemption (interest earned in Trust Account) | |
| 515,625 | | |
| — | | |
| — | | |
| — | |
| Accretion of carrying value of ordinary shares subject to possible redemption to redemption value | |
| 938,456 | | |
| — | | |
| — | | |
| — | |
| Allocation of net income (loss) | |
| 390,080 | | |
| (302,499 | ) | |
| — | | |
| (37,000 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 5,750,000 | | |
| 1,634,750 | | |
| — | | |
| 1,375,000 | |
| Basic and diluted net income (loss) per ordinary share | |
$ | 0.07 | | |
$ | (0.19 | ) | |
$ | — | | |
$ | (0.03 | ) |
| | |
For the six months ended
June 30, 2026 | | |
For the Period from January 13, 2025 (inception)
to June 30, 2025 | |
| | |
Redeemable
Class A
Ordinary
Shares | | |
Non-
redeemable
Class A
and Class B
Ordinary
Shares | | |
Redeemable
Class A
Ordinary
Shares | | |
Non-
redeemable
Class A
and Class B
Ordinary
Shares | |
| Basic and diluted net income (loss) per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net loss | |
$ | (2,061,715 | ) | |
$ | (586,155 | ) | |
$ | — | | |
$ | (46,052 | ) |
| Subsequent measurement of ordinary shares subject to redemption (interest earned in Trust Account) | |
| 1,024,750 | | |
| — | | |
| — | | |
| — | |
| Accretion of carrying value of ordinary shares subject to possible redemption to redemption value | |
| 1,860,875 | | |
| — | | |
| — | | |
| — | |
| Allocation of net income (loss) | |
| 823,910 | | |
| (586,155 | ) | |
| — | | |
| (46,052 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 5,750,000 | | |
| 1,634,750 | | |
| — | | |
| 907,738 | |
| Basic and diluted net income (loss) per ordinary share | |
$ | 0.14 | | |
$ | (0.36 | ) | |
$ | — | | |
$ | (0.05 | ) |
|