| Schedule of Class A ordinary shares subject to possible redemption |
| Schedule of Class A ordinary shares subject to possible redemption |
|
|
|
|
| Gross proceeds from Initial Public Offering |
|
$ |
230,000,000 |
|
| Less: |
|
|
|
|
| Proceeds allocated to public warrants |
|
|
(5,152,349 |
) |
| Offering costs allocated to Class A ordinary shares subject to possible redemption |
|
|
(13,905,206 |
) |
| Offering costs allocated to Public Warrants |
|
|
(340,189 |
) |
| Plus: |
|
|
|
|
| Accretion of Class A ordinary shares subject to possible redemption |
|
|
22,651,135 |
|
| Class A ordinary shares subject to possible redemption at December 31, 2025 |
|
|
233,253,391 |
|
| Plus: |
|
|
|
|
| Accretion of Class A ordinary shares subject to possible redemption |
|
|
2,046,728 |
|
| Class A ordinary shares subject to possible redemption at March 31, 2026 |
|
|
235,300,119 |
|
| Plus: |
|
|
|
|
| Accretion
of Class A ordinary shares subject to possible redemption |
|
|
2,111,206 |
|
| Class A ordinary shares subject to possible redemption at June 30, 2026 |
|
$ |
237,411,325 |
|
|
| Schedule of basic and diluted net income (loss) per ordinary shares |
| Schedule of basic and diluted net income (loss) per ordinary shares |
|
|
|
|
| |
|
For the
Three Months Ended
June 30,
2026 |
|
| Net income |
|
$ |
1,509,367 |
|
| Remeasurement of temporary equity to redemption value |
|
|
(2,111,206 |
) |
| Net loss including remeasurement of temporary equity to redemption value |
|
$ |
(601,839 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
For the
Three Months Ended
June 30,
2026 |
|
| |
|
Class A & B
Non-Redeemable |
|
|
Class A
Redeemable |
|
| Total number of shares |
|
|
8,557,917 |
|
|
|
23,000,000 |
|
| Ownership percentage |
|
|
27 |
% |
|
|
73 |
% |
| |
|
|
|
|
|
|
|
|
| Total income allocated by class |
|
$ |
409,312 |
|
|
$ |
1,100,055 |
|
| Less: Accretion allocation based on ownership percentage |
|
|
(572,520 |
) |
|
|
(1,538,686 |
) |
| Plus: Accretion applicable to Class A redeemable shares |
|
|
- |
|
|
|
2,111,206 |
|
| Total net (loss) income allocated by class |
|
$ |
(163,208 |
) |
|
$ |
1,672,575 |
|
| |
|
|
|
|
|
|
|
|
| Weighted-average shares outstanding |
|
|
8,557,917 |
|
|
|
23,000,000 |
|
| Basic and diluted net (loss) income
per share |
|
$ |
(0.02 |
) |
|
$ |
0.07 |
|
For the three months June 30, 2025, there were
no Class A ordinary shares issued or outstanding. As such, net loss per ordinary shares was calculated by dividing net loss of $60,675
into the 6,666,667 non-redeemable weighted average shares outstanding (see Note 8), resulting in basic and diluted net loss per ordinary
share of $(0.00).
| | |
| | |
| | |
For the
Six Months Ended
June 30,
2026 | |
| Net income | |
$ | 2,852,544 | |
| Remeasurement of temporary equity to redemption value | |
| (4,157,934 | ) |
| Net
loss including remeasurement of temporary equity to redemption value | |
$ | (1,305,390 | ) |
| | |
| | | |
| | |
| | |
For the
Six Months Ended
June 30,
2026 | |
| | |
Class A & B
Non-Redeemable | | |
Class A
Redeemable | |
| Total number of shares | |
| 8,557,917 | | |
| 23,000,000 | |
| Ownership percentage | |
| 27 | % | |
| 73 | % |
| | |
| | | |
| | |
| Total income allocated by class | |
$ | 773,557 | | |
$ | 2,078,987 | |
| Less: Accretion allocation based on ownership percentage | |
| (1,127,554 | ) | |
| (3,030,380 | ) |
| Plus: Accretion applicable to Class A redeemable shares | |
| - | | |
| 4,157,934 | |
| Total net (loss) income allocated by class | |
$ | (353,997 | ) | |
$ | 3,206,541 | |
| | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 8,557,917 | | |
| 23,000,000 | |
| Basic and diluted net (loss) income per share | |
$ | (0.04 | ) | |
$ | 0.14 | |
|