| Schedule of Class A Ordinary Shares Subject to Possible Redemption Reflected in the Balance Sheet |
At September 30, 2025 and December 31, 2024, the
Class A ordinary shares subject to redemption reflected in the condensed balance sheets are reconciled in the following table:
| Gross proceeds | |
$ | 287,500,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Warrants | |
| (3,421,250 | ) |
| Class A ordinary shares issuance costs | |
| (19,148,011 | ) |
| Plus: | |
| | |
| Accretion for Class A ordinary shares to redemption amount | |
| 29,686,504 | |
| Class A ordinary shares subject to possible redemption, December 31, 2024 | |
| 294,617,243 | |
| Plus: | |
| | |
| Accretion for Class A ordinary shares to redemption amount | |
| 3,085,128 | |
| Class A ordinary shares subject to possible redemption, March 31, 2025 | |
| 297,702,371 | |
| Plus: | |
| | |
| Accretion for Class A ordinary shares to redemption amount | |
| 3,103,744 | |
| Class A ordinary shares subject to possible redemption, June 30, 2025 | |
| 300,806,115 | |
| Plus: | |
| | |
| Accretion for Class A ordinary shares to redemption amount | |
| 3,142,666 | |
| Class A ordinary shares subject to possible redemption, September 30, 2025 | |
$ | 303,948,781 | |
|
| Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following tables present a reconciliation
of the numerator and denominator used to compute basic and diluted net (loss) income per ordinary share for each period presented:
| | |
For the Three Months Ended September 30, 2025 | | |
For the Three Months Ended September 30, 2024 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Basic and diluted net (loss) income per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net (loss) income, as adjusted | |
$ | (393,114 | ) | |
$ | (98,279 | ) | |
$ | 1,471,597 | | |
$ | 538,519 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average ordinary shares outstanding | |
| 28,750,000 | | |
| 7,187,500 | | |
| 18,750,000 | | |
| 6,861,413 | |
| Basic and diluted net (loss) income per ordinary share | |
$ | (0.01 | ) | |
$ | (0.01 | ) | |
$ | 0.08 | | |
$ | 0.08 | |
| | |
For the Nine Months Ended September 30, 2025 | | |
For the Period from March 12, 2024 (Inception) Through March 31, 2024 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Basic and diluted net income per ordinary share | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net income, as adjusted | |
$ | 3,684,934 | | |
$ | 921,234 | | |
$ | 1,108,888 | | |
$ | 851,754 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average ordinary shares outstanding | |
| 28,750,000 | | |
| 7,187,500 | | |
| 8,497,537 | | |
| 6,527,094 | |
| Basic and diluted net income per ordinary share | |
$ | 0.13 | | |
$ | 0.13 | | |
$ | 0.13 | | |
$ | 0.13 | |
|