| Summary of class A ordinary shares subject to possible redemption |
the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:
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Gross proceeds |
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$ |
248,500,000 |
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Proceeds allocated to public warrants |
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(3,802,050 |
) |
Class A ordinary shares issuance cost |
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|
(15,292,366 |
) |
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Accretion of carrying value to redemption value |
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|
22,166,644 |
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Class A Ordinary Shares subject to possible redemption, June 30, 2026 |
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$ |
251,572,228 |
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| Summary of calculation of basic and diluted net income per ordinary share |
The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):
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Basic net income per ordinary share |
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Numerator: |
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Allocation of net income |
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$ |
1,436,725 |
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$ |
530,741 |
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$ |
1,606,844 |
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$ |
784,032 |
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Denominator: |
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Allocation of net income |
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24,850,000 |
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|
9,179,834 |
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|
17,985,359 |
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8,775,644 |
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Basic net income per ordinary share |
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Diluted net income per ordinary share |
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Numerator: |
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Allocation of net income |
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$ |
1,436,725 |
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$ |
530,741 |
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$ |
1,593,828 |
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$ |
797,048 |
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Denominator: |
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Diluted weighted average shares outstanding |
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24,850,000 |
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|
9,179,834 |
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|
17,985,359 |
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|
8,994,199 |
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Diluted net income per ordinary share |
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