| Summary of Possible Redemption Reflected in the Balance Sheet are Reconciled |
As of June 30, 2026, the Class A ordinary shares subject to possible redemption reflected in the unaudited condensed balance sheets are reconciled in the following table:
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| Gross proceeds |
|
$ |
230,000,000 |
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| Less: |
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| Proceeds allocated to Public Warrants |
|
|
(3,565,000 |
) |
| Class A ordinary shares issuance cost |
|
|
(14,171,895 |
) |
| Accretion of carrying value to redemption value |
|
|
22,365,061 |
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|
|
|
| Class A Ordinary Shares subject to possible redemption, September 30, 2025 |
|
|
234,628,166 |
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| Plus: |
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|
|
| Accretion of carrying value to redemption value |
|
|
6,536,139 |
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|
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| Class A Ordinary Shares subject to possible redemption, June 30, 2026 |
|
$ |
241,164,305 |
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| Summary of Basic and Diluted Net Income Per Ordinary Share |
The following table reflects the calculation of basic and diluted net income per ordinary share:
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For the Three Months
Ended June 30, 2026 |
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For the Three Months
Ended June 30, 2025 |
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For the Nine Months
Ended June 30, 2026 |
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For the Period from October 3, 2024
(Inception) through June 30, 2025 |
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Class A & B - Non-redeemable |
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Class A & B - Non-redeemable |
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Class A & B - Non-redeemable |
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Class A & B - Non-redeemable |
|
Basic net income
per ordinary
share |
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Numerator: |
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Allocation of net income |
|
$ |
1,183,366 |
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|
$ |
441,961 |
|
|
$ |
501,013 |
|
|
$ |
386,133 |
|
|
$ |
1,567,466 |
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|
$ |
585,414 |
|
|
$ |
267,888 |
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|
$ |
572,768 |
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Denominator: |
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Basic weighted average shares outstanding |
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|
23,000,000 |
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|
|
8,590,000 |
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|
|
9,857,143 |
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|
|
7,596,957 |
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|
23,000,000 |
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|
8,590,000 |
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|
3,322,222 |
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|
7,103,193 |
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|
Basic net income
per ordinary
share |
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.07 |
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$ |
0.07 |
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$ |
0.08 |
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$ |
0.08 |
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For the Three Months
Ended June 30, 2026 |
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For the Three Months
Ended June 30, 2025 |
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For the Nine Months
Ended June 30, 2026 |
|
|
For the Period from October 3, 2024
(Inception) through June 30, 2025 |
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|
Class A & B - Non-redeemable |
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|
Class A & B - Non-redeemable |
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|
Class A & B - Non-redeemable |
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|
Class A & B - Non-redeemable |
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Diluted net income
per ordinary
share |
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Numerator: |
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Allocation of net income |
|
$ |
1,183,366 |
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|
$ |
441,961 |
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|
$ |
484,702 |
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|
$ |
402,444 |
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|
$ |
1,567,466 |
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|
$ |
585,414 |
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|
$ |
247,050 |
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|
$ |
593,606 |
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Denominator: |
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Diluted weighted average shares outstanding |
|
|
23,000,000 |
|
|
|
8,590,000 |
|
|
|
9,857,143 |
|
|
|
8,184,286 |
|
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|
23,000,000 |
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|
|
8,590,000 |
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|
3,322,222 |
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|
7,982,556 |
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Diluted net income
per ordinary
share |
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
$ |
0.07 |
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$ |
0.07 |
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$ |
0.07 |
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$ |
0.07 |
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