| Schedule of Subject to Possible Redemption |
At
June 30, 2026, the ordinary shares subject to possible redemption reflected in the balance sheets are reconciled in the following table:
Schedule of Subject to Possible Redemption
| Ordinary shares subject to possible redemption – December 31, 2025 | |
$ | 4,800,584 | |
| Redemption of ordinary shares | |
| (889 | ) |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit | |
| 42,268 | |
| Ordinary shares subject to possible redemption - March 31, 2026 | |
$ | 4,841,963 | |
| Redemption of ordinary shares | |
| (79,701 | ) |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) and extension deposit | |
| 42,360 | |
| Ordinary shares subject to possible redemption – June 30, 2026 | |
$ | 4,804,622 | |
|
| Schedule of Net Income (Loss) Per Share |
The
net income (loss) per share presented in the statements of operations is based on the following:
Schedule
of Net Income (Loss) Per Share
| | |
Three Months ended June 30, 2026 | | |
Three Months ended June 30, 2025 | | |
Six months ended June 30, 2026 | | |
Six months ended June 30, 2025 | |
| | |
| | |
| | |
| | |
| |
| Net loss | |
$ | (57,771 | ) | |
$ | (127,315 | ) | |
$ | (217,646 | ) | |
$ | (9,346 | ) |
| Income earned on Trust Account | |
| (42,360 | ) | |
| (162,689 | ) | |
| (84,628 | ) | |
| (464,060 | ) |
| Accretion of carrying value to redemption value | |
| - | | |
| (50,000 | ) | |
| - | | |
| (104,979 | ) |
| Net loss including accretion of equity into redemption value | |
$ | (100,131 | ) | |
$ | (340,004 | ) | |
$ | (302,274 | ) | |
$ | (578,385 | ) |
|
| Schedule of Income (Loss) Basic and Diluted Per Share |
Schedule of Income (Loss) Basic and Diluted Per Share
| | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | |
| | |
Three months ended June 30, 2026 | | |
Six months ended June 30, 2026 | | |
Three months ended June 30, 2025 | | |
Six months ended June 30, 2025 | |
| | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | | |
Redeemable | | |
Non- Redeemable | |
| Particulars | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | | |
Shares | |
| Basic and diluted net income (loss) per share: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Numerators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Allocation of net loss including accretion of temporary equity | |
| (16,219 | ) | |
| (83,912 | ) | |
| (49,203 | ) | |
| (253,071 | ) | |
| (130,858 | ) | |
| (209,146 | ) | |
| (222,601 | ) | |
| (355,784 | ) |
| Income earned on trust account | |
| 42,360 | | |
| - | | |
| 84,628 | | |
| - | | |
| 162,689 | | |
| - | | |
| 464,060 | | |
| - | |
| Accretion of temporary equity to redemption value | |
| - | | |
| - | | |
| - | | |
| - | | |
| 50,000 | | |
| - | | |
| 104,979 | | |
| - | |
| Allocation of net income (loss) | |
| 26,141 | | |
| (83,912 | ) | |
| 35,425 | | |
| (253,071 | ) | |
| 81,831 | | |
| (209,146 | ) | |
| 346,438 | | |
| (355,784 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Denominators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 412,513 | | |
| 2,134,200 | | |
| 414,935 | | |
| 2,134,200 | | |
| 1,335,250 | | |
| 2,134,200 | | |
| 1,335,250 | | |
| 2,134,200 | |
| Basic and diluted net income (loss) per share | |
| 0.06 | | |
| (0.04 | ) | |
| 0.09 | | |
| (0.12 | ) | |
| 0.06 | | |
| (0.10 | ) | |
| 0.26 | | |
| (0.17 | ) |
|