| Summary of common stock subject to redemption |
At September 30, 2025 and December 31, 2024, the Class A common stock reflected in the condensed balance sheets is reconciled in the following table:
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2021 |
|
$ |
234,600,000 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
1,785,597 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2022 |
|
$ |
236,385,597 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
2,240,671 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at March 31, 2023 |
|
|
238,626,268 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
1,003,291 |
|
| Redemption of Class A common stock |
|
|
(222,484,624 |
) |
|
|
|
|
|
| Class A common stock subject to possible redemption at June 30, 2023 |
|
|
17,144,935 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
299,813 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at September 30, 2023 |
|
$ |
17,444,748 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
255,398 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2023 |
|
$ |
17,700,146 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
212,490 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at March 31, 2024 |
|
$ |
17,912,636 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
102,198 |
|
| Redemption of Class A common stock |
|
|
(9,513,007 |
) |
|
|
|
|
|
| Class A common stock subject to possible redemption at June 30, 2024 |
|
$ |
8,501,827 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
92,073 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at September 30, 2024 |
|
$ |
8,593,900 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
52,468 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2024 |
|
$ |
8,646,368 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
90,250 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at March 31, 2025 |
|
$ |
8,736,618 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
51,044 |
|
| Redemption of Class A common stock |
|
|
(2,603,925 |
) |
|
|
|
|
|
| Class A common stock subject to possible redemption at June 30, 2025 |
|
$ |
6,183,737 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
66,186 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at September 30, 2025 |
|
$ |
6,249,923 |
|
|
|
|
|
|
|
| Summary of calculation of basic and diluted net income (loss) per common share |
The following table reflects the calculation of basic and diluted net loss per common share (in dollars, except per share amounts):
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended |
|
| |
|
|
|
| |
|
|
|
|
|
|
Basic and diluted net loss per share of common stock |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(365,456 |
) |
|
$ |
(15,186 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
6,016,197 |
|
|
|
250,000 |
|
| Basic and diluted net loss per share of common stock |
|
$ |
(0.06 |
) |
|
$ |
(0.06 |
) |
|
|
| |
|
For the Three Months Ended |
|
| |
|
|
|
| |
|
|
|
|
|
|
Basic and diluted net loss per share of common stock |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(665,178 |
) |
|
$ |
(26,658 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
6,238,146 |
|
|
|
250,000 |
|
| Basic and diluted net loss per share of common stock |
|
$ |
(0.11 |
) |
|
$ |
(0.11 |
) |
|
|
| |
|
For the Nine Months Ended |
|
| |
|
|
|
| |
|
|
|
|
|
|
Basic and diluted net loss per share of common stock |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(2,073,802 |
) |
|
$ |
(84,857 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
6,109,692 |
|
|
|
250,000 |
|
| Basic and diluted net loss per share of common stock |
|
$ |
(0.34 |
) |
|
$ |
(0.34 |
) |
|
|
| |
|
For the Nine Months Ended |
|
| |
|
|
|
| |
|
|
|
|
|
|
Basic and diluted net loss per share of common stock |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(2,043,111 |
) |
|
$ |
(77,792 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
6,565,914 |
|
|
|
250,000 |
|
| Basic and diluted net loss per share of common stock |
|
$ |
(0.31 |
) |
|
$ |
(0.31 |
) |
|