| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following table presents a reconciliation
of the numerator and denominator used to compute basic and diluted net income per Ordinary Share for each class of Ordinary Shares:
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| | |
June 30, 2026 | | |
June 30, 2026 | |
| | |
| | |
Non-Redeemable | | |
| | |
Non-Redeemable | |
| | |
Redeemable
Class A | | |
Class A and Class B | | |
Redeemable
Class A | | |
Class A and Class B | |
| Basic and diluted net income per Ordinary Share: | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income | |
$ | 513,939 | | |
$ | 206,231 | | |
$ | 1,089,931 | | |
$ | 408,500 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average Ordinary Shares outstanding | |
| 14,009,438 | | |
| 5,621,622 | | |
| 14,999,220 | | |
| 5,621,622 | |
| Basic and diluted net income per Ordinary Share | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.07 | | |
$ | 0.07 | |
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| | |
June 30, 2025 | | |
June 30, 2025 | |
| | |
| | |
Non-Redeemable | | |
| | |
Non-Redeemable | |
| | |
Redeemable
Class A | | |
Class A and Class B | | |
Redeemable
Class A | | |
Class A and Class B | |
| Basic and diluted net income per Ordinary Share: | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income | |
$ | 1,151,616 | | |
$ | 404,622 | | |
$ | 2,320,811 | | |
$ | 815,420 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average Ordinary Shares outstanding | |
| 16,000,000 | | |
| 5,621,622 | | |
| 16,000,000 | | |
| 5,621,622 | |
| Basic and diluted net income per Ordinary Share | |
$ | 0.07 | | |
$ | 0.07 | | |
$ | 0.15 | | |
$ | 0.15 | |
|
| Schedule of Shares Subject to Redemption |
As of June 30, 2026 and December 31, 2025, the Class A Ordinary Shares subject to
redemption reflected in the accompanying condensed consolidated balance sheets are reconciled in the following table:
| | |
Shares | | |
Amount | |
| Class A Ordinary Shares subject to possible redemption, December 31, 2024 | |
| 16,000,000 | | |
$ | 164,407,016 | |
| Plus: | |
| | | |
| | |
| Accretion of carrying value to redemption value | |
| — | | |
| 6,998,961 | |
| Class A Ordinary Shares subject to possible redemption, December 31, 2025 | |
| 16,000,000 | | |
| 171,405,977 | |
| Plus: | |
| | | |
| | |
| Accretion of carrying value to redemption value | |
| — | | |
| 1,513,878 | |
| Class A Ordinary Shares subject to possible redemption, March 31, 2026 | |
| 16,000,000 | | |
| 172,919,855 | |
| Less: | |
| | | |
| | |
| Redemptions | |
| (12,076,077 | ) | |
| (131,489,166 | ) |
| Accretion of carrying value to redemption value | |
| — | | |
| (3,372,652 | ) |
| Plus: | |
| | | |
| | |
| Class A Ordinary Shares issuance costs | |
| — | | |
| 4,816,355 | |
| Class A Ordinary Shares subject to possible redemption, June 30, 2026 | |
| 3,923,923 | | |
$ | 42,874,392 | |
|