| Schedule of Ordinary Shares Issued Immediately Following the Consummation |
The following table reconciles the elements of the Business Combination to the consolidated statement of cash flows and the consolidated statement of changes in stockholders’ deficit for the year ended December 31, 2025: | Cash - trust and cash, net of redemptions | | $ | 306,895 | | | Less: transaction costs, paid | | | (293,631 | ) | | Net proceeds from the Business Combination | | | 13,264 | | | | | | | | | Less: accounts payable, accrued liabilities and other current liabilities combined | | | (3,013,837 | ) | | Less: Convertible notes payable combined | | | (770,000 | ) | | Less: Warrants liabilities combined | | | (230,000 | ) | | Reverse recapitalization, net | | $ | (4,000,573 | ) |
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The number of Class A ordinary shares issued immediately following the consummation of the Business Combination were: | PC4 Class A common stock, outstanding prior to the Business Combination | | | 9,057,927 | | | Less: Redemption of PC4 Class A common stock | | | (307,742 | ) | | Class A common stock of PC4 | | | 8,750,185 | | | PC4 Class B common stock, outstanding prior to the Business Combination | | | 1 | | | Business Combination Class A ordinary shares | | | 8,750,186 | | | Issuance of shares related to preference shares conversion | | | 12,185,000 | | | Issuance of shares related to working capital agreements | | | 432,891 | | | BC2 Shares | | | 11,450,000 | | | Class A ordinary shares immediately after the Business Combination | | | 32,818,077 | |
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| Schedule of BC2 Shares was Determined |
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The number of BC2 shares was determined as follows: | | | | | | BC2’s shares
after | | | | | BC2 Shares | | | conversion
ratio | | | Class A ordinary shares issued to existing BC2 Shareholders | | | 127,361,990 | | | | 11,450,000 | | | | | | 127,361,990 | | | | 11,450,000 | |
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