| Summary of Public Shares Subject to Possible Redemption |
The Public Shares subject to possible redemption reflected on the condensed balance sheets as of June 30, 2026 and December 31, 2025 are reconciled in the following table:
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Class A ordinary shares subject to possible redemption
at December 31, 2023 |
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$ |
347,456,838 |
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Accretion of Class A ordinary shares to redemption
value |
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18,605,323 |
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Class A ordinary shares subject to possible redemption
at December 31, 2024 |
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$ |
366,062,161 |
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Redemption of 1,577,763 Class A ordinary shares |
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(17,378,025 |
) |
Accretion of Class A ordinary shares to redemption
value |
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17,284,148 |
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Class A ordinary shares subject to possible redemption
at December 31, 2025 |
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$ |
365,968,284 |
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Accretion of Class A ordinary shares to redemption
value |
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|
10,737,651 |
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Class A ordinary shares subject to possible redemption
at June 30, 2026 |
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$ |
376,705,935 |
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| Schedule of Reconciliation of Net Income (Loss) Per Share |
A reconciliation of the net income (loss) per ordinary share is below.
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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 SIX MONTHS ENDED JUNE 30, 2026 |
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FOR THE SIX MONTHS ENDED JUNE 30, 2025 |
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Redeemable Class A Ordinary Shares |
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Numerator: Net income (loss) allocable to Redeemable Class A Ordinary Shares |
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Net income (loss) allocable to Redeemable Class A Ordinary Shares |
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$ |
2,397,989 |
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$ |
(105,509 |
) |
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$ |
4,581,296 |
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$ |
3,108,711 |
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Denominator: Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares |
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Basic and diluted weighted average shares outstanding, Redeemable Class A |
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32,922,237 |
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34,500,000 |
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32,922,237 |
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34,500,000 |
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Basic and diluted net income (loss) per share, Class A ordinary shares subject to possible redemption |
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$ |
0.07 |
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$ |
0.00 |
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$ |
0.14 |
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$ |
0.09 |
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Non-Redeemable Class B Ordinary Shares |
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Numerator: Net income (loss) allocable to non-redeemable Class B Ordinary Shares |
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Net income (loss) allocable to non-redeemable Class B Ordinary Shares |
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$ |
628,228 |
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$ |
(26,377 |
) |
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$ |
1,200,212 |
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$ |
777,178 |
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Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares |
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8,625,000 |
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8,625,000 |
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8,625,000 |
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8,625,000 |
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Basic and diluted net income (loss) per share, Class B non-redeemable ordinary shares |
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$ |
0.07 |
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$ |
0.00 |
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$ |
0.14 |
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$ |
0.09 |
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