| Schedule of Net Income Per Share |
The following tables reflect
the net income per share after allocating income between the shares based on outstanding shares:
| | |
Three months ended
September 30, 2024 | | |
Period from May 24, 2024
(inception) to September 30, 2024 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Numerator: | |
| | |
| | |
| | |
| |
| Basic and diluted net income per share of ordinary shares: | |
| | |
| | |
| | |
| |
| Allocation of income – | |
| | |
| | |
| | |
| |
| Basic | |
$ | 224,000 | | |
$ | 294,000 | | |
$ | 167,000 | | |
$ | 310,000 | |
| Diluted | |
$ | 215,000 | | |
$ | 303,000 | | |
$ | 158,000 | | |
$ | 319,000 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average shares of ordinary shares: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 5,196,000 | | |
| 6,804,000 | | |
| 3,677,000 | | |
| 6,764,000 | |
| Diluted | |
| 5,196,000 | | |
| 7,333,334 | | |
| 3,677,000 | | |
| 7,430,770 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net income per share of ordinary shares – | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.05 | | |
$ | 0.05 | |
| Diluted | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.04 | | |
$ | 0.04 | |
| | |
Three months ended
September 30, 2025 | | |
Nine months ended
September 30, 2025 | |
| | |
Class A | | |
Class B | | |
Class A | | |
Class B | |
| Numerator: | |
| | |
| | |
| | |
| |
| Basic and diluted net income per ordinary share: | |
| | |
| | |
| | |
| |
| Allocation of income – basic and diluted | |
$ | 440,000 | | |
$ | 146,000 | | |
$ | 3,197,000 | | |
$ | 1,066,000 | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Basic and diluted weighted average ordinary share: | |
| 22,000,000 | | |
| 7,333,334 | | |
| 22,000,000 | | |
| 7,333,334 | |
| Basic and diluted net income per ordinary share | |
$ | 0.02 | | |
$ | 0.02 | | |
$ | 0.15 | | |
$ | 0.15 | |
|
| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
Class A ordinary shares
subject to possible redemption consist of:
| | |
Dollars | | |
Shares | |
| Gross proceeds of Offering | |
$ | 220,000,000 | | |
| 22,000,000 | |
| Less: Proceeds allocated to Public Warrants | |
| (1,045,000 | ) | |
| — | |
| Proceeds allocated to over-allotment option | |
| (408,000 | ) | |
| — | |
| Offering costs | |
| (10,586,000 | ) | |
| — | |
| Plus: Accretion of carrying value to redemption value | |
| 16,333,000 | | |
| — | |
| Class A ordinary shares subject to possible redemption as of December 31, 2024 | |
$ | 224,294,000 | | |
| 22,000,000 | |
| Plus: Waiver of deferred underwriting fee payable allocated to Class A ordinary shares subject to possible redemption | |
| 7,700,000 | | |
| — | |
| Accretion of carrying value to redemption value | |
| (532,000 | ) | |
| — | |
| Class A ordinary shares subject to possible redemption as of September 30, 2025 | |
$ | 231,462,000 | | |
| 22,000,000 | |
|