| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
As of June 30, 2026 and December 31, 2025, the Class A Ordinary Shares subject to possible redemption reflected
in the accompanying condensed balance sheets are reconciled in the following table:
| Gross proceeds | |
$ | 230,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (4,140,000 | ) |
| Class A Ordinary Shares issuance costs | |
| (15,262,661 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 27,257,569 | |
| Class A Ordinary Shares subject to possible redemption, December 31, 2025 | |
$ | 237,854,908 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 2,091,443 | |
| Class A Ordinary Shares subject to possible redemption, March 31, 2026 | |
$ | 239,946,351 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 2,123,867 | |
| Class A Ordinary Shares subject to possible redemption, June 30, 2026 | |
$ | 242,070,218 | |
|
| 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 June 30, | | |
For the Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Redeemable | | |
Non- redeemable | | |
Redeemable | | |
Non- redeemable | | |
Redeemable | | |
Non- redeemable | | |
Redeemable | | |
Non- redeemable | |
| Basic net income per Ordinary Share: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Allocation of net income | |
$ | 993,212 | | |
$ | 322,654 | | |
$ | 676,132 | | |
$ | 219,647 | | |
$ | 1,968,185 | | |
$ | 639,382 | | |
$ | 1,030,797 | | |
$ | 486,573 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average Ordinary Shares outstanding | |
| 23,600,000 | | |
| 7,666,667 | | |
| 23,600,000 | | |
| 7,666,667 | | |
| 23,600,000 | | |
| 7,666,667 | | |
| 15,516,022 | | |
| 7,324,126 | |
| Basic net income per Ordinary Share | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.03 | | |
$ | 0.03 | | |
$ | 0.08 | | |
$ | 0.08 | | |
$ | 0.07 | | |
$ | 0.07 | |
| | |
For the Three Months Ended June 30, | | |
For the Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Redeemable | | |
Non- redeemable | | |
Redeemable | | |
Non- redeemable | | |
Redeemable | | |
Non- redeemable | | |
Redeemable | | |
Non- redeemable | |
| Diluted net income per Ordinary Share: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Allocation of net income | |
$ | 993,212 | | |
$ | 322,654 | | |
$ | 676,132 | | |
$ | 219,647 | | |
$ | 1,968,185 | | |
$ | 639,382 | | |
$ | 1,015,566 | | |
$ | 501,804 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average Ordinary Shares outstanding | |
| 23,600,000 | | |
| 7,666,667 | | |
| 23,600,000 | | |
| 7,666,667 | | |
| 23,600,000 | | |
| 7,666,667 | | |
| 15,516,022 | | |
| 7,666,667 | |
| Diluted net income per Ordinary Share | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.03 | | |
$ | 0.03 | | |
$ | 0.08 | | |
$ | 0.08 | | |
$ | 0.07 | | |
$ | 0.07 | |
|