| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
As of September 30, 2025, the Class A ordinary
shares subject to possible redemption reflected in the condensed balance sheet are reconciled in the following table:
| Gross proceeds | |
$ | 220,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (3,740,000 | ) |
| Class A ordinary shares issuance cost | |
| (13,536,093 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 17,276,093 | |
| Class A Ordinary Shares subject to possible redemption, April 28, 2025 | |
| 220,000,000 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 1,417,961 | |
| Class A Ordinary Shares subject to possible redemption, June 30, 2025 | |
| 221,417,961 | |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 2,425,410 | |
| Class A Ordinary Shares subject to possible redemption, September 30, 2025 | |
$ | 223,843,371 | |
|
| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following table reflects the calculation of
basic and diluted net income per Ordinary Share:
| | |
For the
Three Months Ended
September
30, 2025 | | |
For the Period from
January 2,
2025
(inception) through
September 30,
2025 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| | |
Ordinary Shares | | |
Ordinary Shares | | |
Ordinary Shares | | |
Ordinary Shares | |
| Basic net income per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income, as adjusted | |
$ | 1,449,125 | | |
$ | 469,387 | | |
$ | 2,007,749 | | |
$ | 1,069,899 | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic weighted average ordinary shares outstanding | |
| 22,640,000 | | |
| 7,333,333 | | |
| 12,949,077 | | |
| 6,900,369 | |
| Basic net income per ordinary share | |
$ | 0.06 | | |
$ | 0.06 | | |
$ | 0.16 | | |
$ | 0.16 | |
| | |
For the
Three Months Ended
September
30, 2025 | | |
For the Period from January 2,
2025 (inception) through September 30,
2025 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| | |
Ordinary Shares | | |
Ordinary Shares | | |
Ordinary Shares | | |
Ordinary Shares | |
| Diluted net income per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income, as adjusted | |
$ | 1,449,125 | | |
$ | 469,387 | | |
$ | 1,970,746 | | |
$ | 1,106,902 | |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Diluted weighted average ordinary shares outstanding | |
| 22,640,000 | | |
| 7,333,333 | | |
| 12,949,077 | | |
| 7,273,063 | |
| Diluted net income per ordinary share | |
$ | 0.06 | | |
$ | 0.06 | | |
$ | 0.15 | | |
$ | 0.15 | |
|