| Schedule of reconciliation of common stock reflected on balance sheet |
| Schedule of reconciliation of common stock reflected on balance sheet |
|
|
|
|
| Gross proceeds from Initial Public Offering |
|
$ |
220,000,000 |
|
| Less: |
|
|
|
|
| Proceeds allocated to Public Warrants |
|
|
(3,734,531 |
) |
| Offering costs allocated to over-allotment option liability |
|
|
(102,000 |
) |
| Offering costs allocated to Public Shares |
|
|
(13,384,663 |
) |
| Plus: |
|
|
|
|
| Accretion of Public Shares |
|
|
17,866,648 |
|
| Class A ordinary shares subject to possible redemption at December 31, 2025 |
|
|
220,645,454 |
|
| Plus: |
|
|
|
|
| Remeasurement of Public Shares |
|
|
3,846,869 |
|
| Class A ordinary shares subject to possible redemption at June 30, 2026 |
|
$ |
224,492,323 |
|
|
| Schedule of basic and diluted net loss per share |
| Schedule of basic and diluted net loss per share |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Class A
Redeemable |
|
|
Class A
Non-redeemable |
|
|
Class B
Non-redeemable |
|
| Basic net income per ordinary shares: |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net income, basic |
|
$ |
1,241,831 |
|
|
$ |
43,464 |
|
|
$ |
413,944 |
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted average ordinary shares outstanding |
|
|
22,000,000 |
|
|
|
770,000 |
|
|
|
7,333,333 |
|
| Basic net income per ordinary share |
|
$ |
0.06 |
|
|
$ |
0.06 |
|
|
$ |
0.06 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net income per ordinary shares: |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net income, diluted |
|
$ |
1,241,831 |
|
|
$ |
43,464 |
|
|
$ |
413,944 |
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted weighted average ordinary shares outstanding |
|
|
22,000,000 |
|
|
|
770,000 |
|
|
|
7,333,333 |
|
| Diluted net income per ordinary share |
|
$ |
0.06 |
|
|
$ |
0.06 |
|
|
$ |
0.06 |
|
The following table reflects the calculation of basic and diluted net income per ordinary shares for the six months ended, June 30, 2026 (in dollars, except per share amounts):
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Class A
Redeemable |
|
|
Class A
Non-redeemable |
|
|
Class B
Non-redeemable |
|
| Basic net income per ordinary shares: |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net income, basic |
|
$ |
2,424,890 |
|
|
$ |
84,870 |
|
|
$ |
808,297 |
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted average ordinary shares outstanding |
|
|
22,000,000 |
|
|
|
770,000 |
|
|
|
7,333,333 |
|
| Basic net income per ordinary share |
|
$ |
0.11 |
|
|
$ |
0.11 |
|
|
$ |
0.11 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net income per ordinary shares: |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Allocation of net income, diluted |
|
$ |
2,424,890 |
|
|
$ |
84,870 |
|
|
$ |
808,297 |
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted weighted average ordinary shares outstanding |
|
|
22,000,000 |
|
|
|
770,000 |
|
|
|
7,333,333 |
|
| Diluted net income per ordinary share |
|
$ |
0.11 |
|
|
$ |
0.11 |
|
|
$ |
0.11 |
|
|