| Schedule of class A ordinary shares reflected in the balance sheets |
| Class A Ordinary Shares subject to possible redemption, December 31, 2024 | |
$ | 84,565,597 | |
| Less: | |
| | |
| Redemption | |
| (51,219,981 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 4,568,822 | |
| Class A Ordinary Shares subject to possible redemption, December 31, 2025 | |
$ | 37,914,438 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 230,601 | |
| Class A Ordinary Shares subject to possible redemption, March 31, 2026 | |
$ | 38,145,039 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 235,555 | |
| Class A Ordinary Shares subject to possible redemption, June
30, 2026 | |
$ | 38,380,594 | |
|
| Class A Ordinary Shares subject to possible redemption, December 31, 2023 | |
$ | 174,252,198 | |
| Less: | |
| | |
| Redemption | |
| (99,613,642 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 9,927,041 | |
| Class A Ordinary Shares subject to possible redemption, December 31, 2024 | |
| 84,565,597 | |
| Less: | |
| | |
| Redemptions | |
| (51,219,981 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 4,568,822 | |
| Class A Ordinary Shares subject to possible redemption, December 31, 2025 | |
$ | 37,914,438 | |
|
| Schedule of Calculation of Basic and Diluted Net Income Per Ordinary Share |
The
following table reflects the calculation of basic and diluted net (loss) income per ordinary share (in dollars, except per share amounts):
| | |
For the Three Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
| | |
Non- | | |
| | |
Non- | |
| | |
| | |
redeemable | | |
| | |
redeemable | |
| | |
Redeemable | | |
Class A and | | |
Redeemable | | |
Class A and | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Basic and diluted net loss per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net loss | |
$ | (243,832 | ) | |
$ | (455,783 | ) | |
$ | (84,897 | ) | |
$ | (67,334 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 3,076,094 | | |
| 5,750,000 | | |
| 7,249,712 | | |
| 5,750,000 | |
| Basic and diluted net loss per ordinary share | |
$ | (0.08 | ) | |
$ | (0.08 | ) | |
$ | (0.01 | ) | |
$ | (0.01 | ) |
| | |
For the Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| | |
| | |
Non- | | |
| | |
Non- | |
| | |
| | |
redeemable | | |
| | |
redeemable | |
| | |
Redeemable | | |
Class A and | | |
Redeemable | | |
Class A and | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Basic and diluted net income per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income | |
$ | 834,762 | | |
$ | 1,560,381 | | |
$ | 227,330 | | |
$ | 180,303 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 3,076,094 | | |
| 5,750,000 | | |
| 7,249,712 | | |
| 5,750,000 | |
| Basic and diluted net income per ordinary share | |
$ | 0.27 | | |
$ | 0.27 | | |
$ | 0.03 | | |
$ | 0.03 | |
|
The
following table reflects the calculation of basic and diluted net (loss) income per ordinary share (in dollars, except per share amounts):
| | |
For the Year Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
Non-
redeemable | | |
| | |
Non-
redeemable | |
| | |
Redeemable
Class A | | |
Class A
and
Class B | | |
Redeemable
Class A | | |
Class A
and
Class B | |
| Basic and diluted net (loss) income per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net (loss) income | |
$ | (808,204 | ) | |
$ | (704,336 | ) | |
$ | 5,883,764 | | |
$ | 2,321,763 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average shares outstanding | |
| 6,597,942 | | |
| 5,750,000 | | |
| 14,571,529 | | |
| 5,750,000 | |
| Basic and diluted net (loss) income per ordinary share | |
$ | (0.12 | ) | |
$ | (0.12 | ) | |
$ | 0.40 | | |
$ | 0.40 | |
|