NOTE
5 - EARNINGS PER SHARE:
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a. |
Basic |
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As
of June 30, 2026 and 2025, the Company had two classes of ordinary shares: Class A ordinary shares, of which 52,239 and 763,592 shares,
respectively, were subject to possible redemption, and Class B ordinary shares. To determine net loss attributable to each class,
the Company first calculated the total earnings (loss) allocable to both classes by subtracting interest earned on investments held
in the Trust Account from total earnings (loss). Accretion to the redemption value of Class A ordinary shares subject to possible
redemption is allocated entirely to those redeemable Class A ordinary shares. |
SCHEDULE OF EARNINGS PER SHARE
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Six months ended
June 30,
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Three months ended
June 30,
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2026 | | |
2025 | | |
2026 | | |
2025 | |
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U.S.
dollars in thousands (except share data) | |
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| Net
loss for the period | |
| (286 | ) | |
| (160 | ) | |
| (117 | ) | |
| (82 | ) |
| Less
- interest earned on marketable securities held in trust account | |
| (11 | ) | |
| (188 | ) | |
| (6 | ) | |
| (93 | ) |
| Net
loss excluding interest | |
| (297 | ) | |
| (348 | ) | |
| (124 | ) | |
| (175 | ) |
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| Class
A ordinary shares subject to possible redemption: | |
| | | |
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| Numerator: | |
| | | |
| | | |
| | | |
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| Net
loss excluding interest | |
| (5 | ) | |
| (68 | ) | |
| (2 | ) | |
| (34 | ) |
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| Accretion
on Class A ordinary shares subject to possible redemption to redemption amount (“Accretion”) | |
| 11 | | |
| 299 | | |
| 6 | | |
| 204 | |
| Class A ordinary shares subject to possible redemption | |
| 6 | | |
| 231 | | |
| 4 | | |
| 170 | |
| Non-redeemable Class A and Class B ordinary shares | |
| (292 | ) | |
| (391 | ) | |
| (122 | ) | |
| (252 | ) |
| Denominator: | |
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| Weighted
average of class A ordinary shares subject to possible redemption | |
| 52,239 | | |
| 763,592 | | |
| 52,239 | | |
| 763,592 | |
| Basic
and diluted earnings per Class A ordinary shares subject to possible redemption | |
| 0.13 | | |
| 0.30 | | |
| 0.08 | | |
| 0.23 | |
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| Non-redeemable
Class A and Class B ordinary shares: | |
| | | |
| | | |
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| Numerator: | |
| | | |
| | | |
| | | |
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| Net
loss excluding interest | |
| (292 | ) | |
| (280 | ) | |
| (122 | ) | |
| (141 | ) |
| Accretion | |
| - | | |
| (111 | ) | |
| - | | |
| (111 | ) |
| Non-redeemable Class A and Class B ordinary shares | |
| (292 | ) | |
| (391 | ) | |
| (122 | ) | |
| (252 | ) |
| Denominator: | |
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| Weighted
average of non-redeemable Class A and Class B ordinary shares outstanding | |
| 3,162,500 | | |
| 3,162,500 | | |
| 3,162,500 | | |
| 3,162,500 | |
| Basic
and diluted earnings (loss) per non-redeemable Class A and Class B ordinary shares | |
| (0.09 | ) | |
| (0.12 | ) | |
| (0.04 | ) | |
| (0.08 | ) |
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b. |
Diluted |
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As
of June 30, 2026, the Company did not have any dilutive securities or any other contracts which could, potentially, be exercised
or converted into ordinary shares and then share in the earnings of the Company. |
CACTUS ACQUISITION CORP. 1 LIMITED
NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
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