| Schedule of Net Income (Loss) Per Share Presented in the Statements of Operations |
The
net income (loss) per share presented in the statements of operations is based on the following:
| | |
For the Three
Months Ended
September 30,
2025 | | |
For the Three
Months Ended
September 30,
2024 | | |
For the Nine
Months Ended
September 30,
2025 | | |
For the Period
from February 9,
2024 (Inception)
Through
September 30,
2024 | |
| Net income (loss) | |
$ | 3,612,987 | | |
$ | 2,230,484 | | |
$ | 10,558,941 | | |
$ | 2,105,103 | |
| Dividends earned on investment held in Trust Account | |
| (3,769,050 | ) | |
| (2,567,083 | ) | |
| (11,191,463 | ) | |
| (2,567,083 | ) |
| Accretion of temporary equity into redemption value | |
| - | | |
| (39,561,173 | ) | |
| - | | |
| (39,561,173 | ) |
| Net loss including accretion of common stock to redemption value | |
$ | (156,063 | ) | |
$ | (39,897,772 | ) | |
$ | (632,522 | ) | |
$ | (40,023,153 | ) |
|
| Schedule of Basic and Diluted |
| | |
For the Three Months
Ended September 30,
2025 | | |
For the Three Months
Ended September 30,
2024 | |
| Particulars | |
Redeemable
Shares | | |
Non-Redeemable Shares | | |
Redeemable
Shares | | |
Non-Redeemable Shares | |
| Basic and diluted net income/(loss) per share: | |
| | |
| | |
| | |
| |
| Weighted-average shares outstanding | |
| 34,500,000 | | |
| 9,474,000 | | |
| 20,836,957 | | |
| 9,145,435 | |
| Ownership percentage | |
| 78.5 | % | |
| 21.5 | % | |
| 69 | % | |
| 31 | % |
| Numerators: | |
| | | |
| | | |
| | | |
| | |
| Allocation of net loss including accretion of temporary equity | |
| (122,440 | ) | |
| (33,623 | ) | |
| (27,727,880 | ) | |
| (12,169,892 | ) |
| Income earned on Trust Account | |
| 3,769,050 | | |
| - | | |
| 2,567,083 | | |
| - | |
| Accretion of temporary equity to redemption value | |
| - | | |
| - | | |
| 39,561,173 | | |
| - | |
| Allocation of net income/(loss) | |
| 3,646,610 | | |
| (33,623 | ) | |
| 14,400,376 | | |
| (12,169,892 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominators: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 34,500,000 | | |
| 9,474,000 | | |
| 20,836,957 | | |
| 9,145,435 | |
| Basic and diluted net income/(loss) per share | |
| 0.11 | | |
| (0.00 | ) | |
| 0.69 | | |
| (1.33 | ) |
| | |
For the
Nine Months Ended
September 30,
2025 | | |
For the Period
from February 9, 2024
(Inception) Through
September 30,
2024 | |
| Particulars | |
Redeemable
Shares | | |
Non-Redeemable Shares | | |
Redeemable
Shares | | |
Non-Redeemable Shares | |
| Basic and diluted net income/(loss) per share: | |
| | |
| | |
| | |
| |
| Weighted-average shares outstanding | |
| 34,500,000 | | |
| 9,474,000 | | |
| 8,157,447 | | |
| 7,397,362 | |
| Ownership percentage | |
| 78.5 | % | |
| 21.5 | % | |
| 52 | % | |
| 48 | % |
| Numerators: | |
| | | |
| | | |
| | | |
| | |
| Allocation of net loss including accretion of temporary equity | |
| (496,248 | ) | |
| (136,274 | ) | |
| (20,989,441 | ) | |
| (19,033,712 | ) |
| Income earned on Trust Account | |
| 11,191,463 | | |
| - | | |
| 2,567,083 | | |
| - | |
| Accretion of temporary equity to redemption value | |
| - | | |
| - | | |
| 39,561,173 | | |
| - | |
| Allocation of net income/(loss) | |
| 10,695,215 | | |
| (136,274 | ) | |
| 21,138,815 | | |
| (19,033,712 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominators: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 34,500,000 | | |
| 9,474,000 | | |
| 8,157,447 | | |
| 7,397,362 | |
| Basic and diluted net income/(loss) per share | |
| 0.31 | | |
| (0.01 | ) | |
| 2.59 | | |
| (2.57 | ) |
|
| Schedule of Ordinary Shares Subject to Possible Redemption |
As of September 30, 2025, the ordinary shares subject to possible redemption
reflected in the balance sheet are reconciled in the following table:
| Public offering proceeds | |
$ | 300,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Warrants | |
| (21,300,000 | ) |
| Allocation of offering costs related to redeemable shares | |
| (11,700,113 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 34,500,113 | |
| Ordinary shares subject to possible redemption | |
$ | 301,500,000 | |
| | |
| | |
| Over-allotment | |
| | |
| Plus: | |
| | |
| Over-allotment proceeds | |
| 45,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Warrants | |
| (3,195,000 | ) |
| Allocation of offering costs related to redeemable shares | |
| (1,641,060 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 5,061,060 | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 6,614,173 | |
| Ordinary shares subject to possible redemption, December 31, 2024 | |
$ | 353,339,173 | |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 11,191,463 | |
| Ordinary shares subject to possible redemption, September 30, 2025 | |
$ | 364,530,636 | |
|