2026

2025

Three months ended March 31

2026

2025

U.S. dollars in thousands

(except share data)

Net loss for the period

(168

)

(78

)

Add - interest earned on marketable securities held in trust account

(6

)

(95

)

Net loss excluding interest

(174

)

(173

)

Class A ordinary shares subject to possible redemption:

Numerator:

Net loss excluding interest

(3

)

(34

)

Accretion on Class A ordinary shares subject to possible redemption to redemption amount (“Accretion”)

6

95

3

61

Denominator:

Weighted average of class A ordinary shares subject to possible redemption

52,239

763,592

Basic and diluted earnings per Class A ordinary share subject to possible redemption

0.06

0.08

Non-redeemable Class A and Class B ordinary shares:

Numerator:

Net loss excluding interest

(171

)

(139

)

(171

)

(139

)

Denominator:

Weighted average of non-redeemable Class A and Class B ordinary shares outstanding

3,162,500

Basic and diluted (loss) per non-redeemable Class A and Class B ordinary share

(0.05

)

(0.04

)