| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following tables reflect the calculation of basic net income per ordinary share for the three and six months ended June 30, 2026 and 2025:
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For the |
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For the |
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Six Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2026 |
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|
2025 |
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Class A ordinary shares subject to possible redemption |
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Numerator: Allocation of net income, basic |
|
$ |
660,835 |
|
|
$ |
1,492,948 |
|
Denominator: Basic weighted average shares outstanding |
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|
22,500,000 |
|
|
|
7,403,315 |
|
Basic net income per Class A ordinary share subject to possible redemption |
|
$ |
0.03 |
|
|
$ |
0.20 |
|
Class B non-redeemable ordinary shares |
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|
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Numerator: Allocation of net income, basic |
|
$ |
220,278 |
|
|
$ |
1,406,603 |
|
Denominator: Basic weighted average shares outstanding |
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|
7,500,000 |
|
|
|
6,975,138 |
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Basic net income per Class B non-redeemable ordinary share |
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$ |
0.03 |
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$ |
0.20 |
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For the |
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For the |
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Three Months Ended |
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Three Months Ended |
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June 30, |
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June 30, |
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2026 |
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|
2025 |
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Class A ordinary shares subject to possible redemption |
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Numerator: Allocation of net income, basic |
|
$ |
1,015,192 |
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|
$ |
1,966,770 |
|
Denominator: Basic weighted average shares outstanding |
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|
22,500,000 |
|
|
|
14,725,275 |
|
Basic net income per Class A ordinary share subject to possible redemption |
|
$ |
0.05 |
|
|
$ |
0.13 |
|
Class B non-redeemable ordinary shares |
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|
|
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Numerator: Allocation of net income, basic |
|
$ |
338,398 |
|
|
$ |
972,377 |
|
Denominator: Basic weighted average shares outstanding |
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|
7,500,000 |
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|
|
7,280,220 |
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Basic net income per Class B non-redeemable ordinary share |
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$ |
0.05 |
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|
$ |
0.13 |
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The following tables reflect the calculation of diluted net income per ordinary share for the three and six months ended June 30, 2026 and 2025:
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For the |
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For the |
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|
|
Six Months Ended |
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|
Six Months Ended |
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|
|
June 30, |
|
|
June 30, |
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|
|
2026 |
|
|
2025 |
|
Class A ordinary shares subject to possible redemption |
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|
|
|
|
|
Numerator: Allocation of net income, diluted |
|
$ |
660,835 |
|
|
$ |
1,440,370 |
|
Denominator: Diluted weighted average shares outstanding |
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|
22,500,000 |
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|
|
7,403,315 |
|
Diluted net income per Class A ordinary share subject to possible redemption |
|
$ |
0.03 |
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|
$ |
0.20 |
|
Class B non-redeemable ordinary shares |
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Numerator: Allocation of net income, diluted |
|
$ |
220,278 |
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|
$ |
1,459,181 |
|
Denominator: Diluted weighted average shares outstanding |
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|
7,500,000 |
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|
|
7,500,000 |
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Diluted net income per Class B non-redeemable ordinary share |
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$ |
0.03 |
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|
$ |
0.19 |
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For the |
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For the |
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Three Months Ended |
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|
Three Months Ended |
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|
June 30, |
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|
June 30, |
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|
|
2026 |
|
|
2025 |
|
Class A ordinary shares subject to possible redemption |
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|
|
|
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|
Numerator: Allocation of net income, diluted |
|
$ |
1,015,192 |
|
|
$ |
1,947,321 |
|
Denominator: Diluted weighted average shares outstanding |
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|
22,500,000 |
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|
14,725,275 |
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Diluted net income per Class A ordinary share subject to possible redemption |
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$ |
0.05 |
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$ |
0.13 |
|
Class B ordinary shares |
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Numerator: Allocation of net income, diluted |
|
$ |
338,398 |
|
|
$ |
991,826 |
|
Denominator: Diluted weighted average shares outstanding |
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|
7,500,000 |
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|
7,500,000 |
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Diluted net income per Class B non-redeemable ordinary share |
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$ |
0.05 |
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$ |
0.13 |
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The following tables reflect the calculation of basic net income (loss) per ordinary share:
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For the Year Ended
December 31, 2025 |
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Class A ordinary shares subject to possible redemption |
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Numerator: Allocation of net income, basic |
|
$ |
4,037,330 |
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Denominator: Basic weighted average shares outstanding |
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|
15,472,603 |
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Basic net income per Class A Ordinary share subject to possible redemption |
|
$ |
0.26 |
|
Class B ordinary shares |
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|
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Numerator: Allocation of net income, basic |
|
$ |
1,889,091 |
|
Denominator: Basic weighted average shares outstanding |
|
|
7,239,726 |
|
Basic net income per Class B Ordinary Share |
|
$ |
0.26 |
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|
|
|
|
|
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For the Period from
July 26, 2024
(Inception) through
December 31, 2024 |
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Class A ordinary shares subject to possible redemption |
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|
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Numerator: Allocation of net loss, basic |
|
$ |
— |
|
Denominator: Basic weighted average shares outstanding |
|
|
— |
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Basic net loss per Class A Ordinary share subject to possible redemption |
|
$ |
— |
|
Class B ordinary shares |
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|
|
Numerator: Allocation of net loss, basic |
|
$ |
(44,737 |
) |
Denominator: Basic weighted average shares outstanding |
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|
6,666,667 |
|
Basic net loss per Class B Ordinary Share |
|
$ |
(0.01 |
) |
The following tables reflect the calculation of diluted net income (loss) per ordinary share:
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For the Year Ended
December 31, 2025 |
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Class A ordinary shares subject to possible redemption |
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Numerator: Allocation of net income, diluted |
|
$ |
4,028,017 |
|
Denominator: Diluted weighted average shares outstanding |
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|
15,472,603 |
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Diluted net income per Class A Ordinary share subject to possible redemption |
|
$ |
0.26 |
|
Class B ordinary shares |
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Numerator: Allocation of net income, diluted |
|
$ |
1,898,404 |
|
Denominator: Diluted weighted average shares outstanding |
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|
7,292,238 |
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Diluted net income per Class B Ordinary Share |
|
$ |
0.26 |
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For the Period from
July 26, 2024
(Inception) through
December 31, 2024 |
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Class A ordinary shares subject to possible redemption |
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Numerator: Allocation of net loss, diluted |
|
$ |
— |
|
Denominator: Diluted weighted average shares outstanding |
|
|
— |
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Diluted net loss per Class A Ordinary share subject to possible redemption |
|
$ |
— |
|
Class B ordinary shares |
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|
|
Numerator: Allocation of net loss, diluted |
|
$ |
(44,737 |
) |
Denominator: Diluted weighted average shares outstanding |
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|
6,666,667 |
|
Diluted net loss per Class B Ordinary Share |
|
$ |
(0.01 |
) |
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| Schedule of Class A Ordinary Shares Subject to Redemption Reflected |
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Gross proceeds |
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$ |
225,000,000 |
|
Less: Proceeds allocated to public warrants |
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|
(3,037,500 |
) |
Less: Class A ordinary share issuance costs |
|
|
(13,802,579 |
) |
Add: Accretion of carrying value to redemption value |
|
|
19,698,991 |
|
Add: Remeasurement of carrying value to redemption value |
|
|
4,601,621 |
|
Class A ordinary shares subject to possible redemption, December 31, 2025 |
|
|
232,460,533 |
|
Add: Remeasurement of carrying value to redemption value |
|
|
2,044,010 |
|
Class A ordinary shares subject to possible redemption, March 31, 2026 |
|
|
234,504,543 |
|
Add: Remeasurement of carrying value to redemption value |
|
|
2,075,700 |
|
Class A ordinary shares subject to possible redemption, June 30, 2026 |
|
$ |
236,580,243 |
|
|
|
|
|
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|
Gross proceeds |
|
$ |
225,000,000 |
|
Less: Proceeds allocated to public warrants |
|
|
(3,037,500 |
) |
Less: Class A ordinary share issuance costs |
|
|
(13,802,579 |
) |
Add: Accretion of carrying value to redemption value |
|
|
19,698,991 |
|
Add: Remeasurement of carrying value to redemption value |
|
|
4,601,621 |
|
Class A ordinary shares subject to possible redemption, December 31, 2025 |
|
$ |
232,460,533 |
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