| Schedule of Reconciliation of 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 condensed balance sheets are reconciled in the following table:
|
Gross proceeds
|
|
$
|
230,000,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(4,830,000 |
)
|
|
Public Shares issuance costs
|
|
|
(14,023,535 |
)
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
24,449,777 |
|
|
Class A ordinary shares subject to possible redemption, December 31, 2025
|
|
$
|
231,467,889 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
2,008,654 |
|
|
Class A ordinary shares subject to possible redemption, March 31, 2026
|
|
$
|
233,476,543 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
2,119,699 |
|
|
Class A ordinary shares subject to possible redemption, June 30, 2026
|
|
$
|
235,596,242 |
|
|
As of December 31, 2025, the Class A ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:
|
Gross proceeds
|
|
$
|
230,000,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(4,830,000 |
)
|
|
Public Shares issuance costs
|
|
|
(14,023,535 |
)
|
|
Plus:
|
|
|
|
|
|
Remeasurement of carrying value to redemption value
|
|
|
20,321,424 |
|
|
Class A ordinary shares subject to possible redemption, December 31, 2025
|
|
$
|
231,467,889 |
|
|
| Schedule of Calculation of Basic and Diluted Net Income Per Ordinary Shares |
The following tables reflect the calculation of basic and diluted net income per Ordinary Share:
|
|
|
For the
Three Months
Ended
June 30, 2026
|
|
For the
Six Months
Ended
June 30, 2026
|
|
Basic and diluted net income per ordinary share
|
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
|
Basic and diluted net income per Ordinary Share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income
|
|
$
|
632,835 |
|
$
|
205,060 |
|
$
|
1,943,168 |
|
$
|
629,655 |
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average Ordinary Shares outstanding
|
|
|
23,660,000 |
|
|
7,666,667 |
|
|
23,660,000 |
|
|
7,666,667 |
|
Basic and diluted net income per Ordinary Share
|
|
$
|
0.03 |
|
$
|
0.03 |
|
$
|
0.08 |
|
$
|
0.08 |
|
The following tables reflect the calculation of basic and diluted net loss per Ordinary Share:
|
|
|
For the Period from
July 24, 2025
(Inception) Through
December 31, 2025
|
|
Basic net income per ordinary share
|
|
Class A
|
|
Class B
|
|
Basic net income per ordinary share
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted
|
|
$
|
114,136 |
|
$
|
93,542 |
|
Denominator:
|
|
|
|
|
|
|
|
Basic weighted average ordinary shares outstanding
|
|
|
8,576,750 |
|
|
7,029,167 |
|
Basic net income per ordinary share
|
|
$
|
0.01 |
|
$
|
0.01 |
|
|
|
For the Period from
July 24, 2025
(Inception) Through
December 31, 2025
|
|
Diluted net income per ordinary share
|
|
Class A
|
|
Class B
|
|
Diluted net income per ordinary share
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted
|
|
$
|
112,648 |
|
$
|
95,030 |
|
Denominator:
|
|
|
|
|
|
|
|
Diluted weighted average ordinary shares outstanding
|
|
|
8,576,750 |
|
|
7,235,417 |
|
Diluted income per ordinary share
|
|
$
|
0.01 |
|
$
|
0.01 |
|