BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN (Tables)

6 Months Ended

Jun. 30, 2026

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GOING CONCERN

Schedule of reconciliation of Class A ordinary shares subject to redemption reflected in the accompanying condensed consolidated balance sheet


		Shares		Amount
Class A ordinary shares subject to possible redemption — December 31, 2025		701,043		$	8,781,221
Plus:
Increase in redemption value of Class A ordinary shares subject to redemption		—			145,595
Class A ordinary shares subject to possible redemption — March 31, 2026		701,043			8,926,816
Plus:
Increase in redemption value of Class A ordinary shares subject to redemption		—			139,429
Class A ordinary shares subject to possible redemption — June 30, 2026		701,043		$	9,066,245

Schedule of calculation of basic and diluted net income (loss) per ordinary share

The following tables reflect the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):


		For the Three Months						For the Six Months
		Ended June 30,						Ended June 30,
		2026			2025			2026			2025
Class A Ordinary Shares subject to possible redemption
Numerator: Net income (loss) allocable to Class A ordinary shares (Redeemable)		$	99,953		$	(112,929)		$	313,153		$	(59,954)
Denominator: Weighted Average Class A ordinary shares (Redeemable)
Basic and diluted weighted average shares outstanding			701,043			1,610,373			701,043			1,610,373
Basic and diluted net income (loss) per share		$	0.14		$	(0.07)		$	0.45		$	(0.04)

Class A (non-redeemable) and Class B Ordinary Shares
Numerator: Net income (loss) allocable to Class A ordinary shares (non-redeemable) and Class B ordinary shares			819,821			(403,224)			2,568,504			(214,074)
Denominator:
Weighted Average Class A (non-redeemable) and Class B ordinary shares — Basic and diluted weighted average shares outstanding			5,750,000			5,750,000			5,750,000			5,750,000
Basic and diluted net income (loss) per share		$	0.14		$	(0.07)		$	0.45		$	(0.04)

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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