| Schedule of Class A Ordinary Shares Subject to Redemption |
As of September 30, 2025, the Class A
ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:
| Gross proceeds | |
$ | 253,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (7,369,890 | ) |
| Class A ordinary shares issuance cost | |
| (16,778,066 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 28,411,914 | |
| Class A Ordinary Shares subject to possible redemption, September 30, 2025 | |
$ | 257,263,958 | |
|
| Schedule of Net Income (Loss) for Non-Redeemable Ordinary Shares |
Net income (loss) per ordinary share, basic and diluted, for non-redeemable ordinary
shares is calculated by dividing net (loss) income allocable to non-redeemable ordinary shares, by the weighted average number of non-redeemable
ordinary shares outstanding for the periods.
| | |
Three Months
Ended September 30,
2025 | | |
Three Months
Ended September 30,
2024 | | |
Nine Months
Ended
September 30,
2025 | | |
For the Period
from
January 31, 2024
(inception)
through
September 30,
2024 | |
| | |
| | |
| | |
| | |
| |
| Net loss | |
$ | (90,821 | ) | |
$ | (16,708 | ) | |
$ | (1,388,538 | ) | |
$ | (22,683 | ) |
| Accretion of temporary equity to redemption value | |
| — | | |
| — | | |
| (24,147,956 | ) | |
| — | |
| Permitted withdrawal from Trust account for working capital purposes | |
| — | | |
| — | | |
| 250,000 | | |
| — | |
| Dividend income from Trust account | |
| (2,682,196 | ) | |
| — | | |
| (4,513,958 | ) | |
| — | |
| Net loss including accretion of temporary equity to redemption value | |
$ | (2,773,017 | ) | |
$ | (16,708 | ) | |
$ | (29,800,452 | ) | |
$ | (22,683 | ) |
| | |
Three Months
Ended
September 30,
2025 | | |
Three Months
Ended
September 30,
2024 | | |
Nine Months
Ended
September 30,
2025 | | |
For the Period from
January 31, 2024
(inception) through
September 30,
2024 | |
| Redeemable shares | |
| | |
| | |
| | |
| |
| Numerator: | |
| | |
| | |
| | |
| |
| Allocation of net loss | |
$ | (2,035,119 | ) | |
$ | — | | |
$ | (18,461,492 | ) | |
$ | — | |
| Accretion of temporary equity to redemption value | |
| — | | |
| — | | |
| 24,147,956 | | |
| — | |
| Permitted withdrawal from Trust account for working capital purposes | |
| — | | |
| — | | |
| (250,000 | ) | |
| — | |
| Dividend income from Trust account | |
| 2,682,196 | | |
| — | | |
| 4,513,958 | | |
| — | |
| Net income (loss) | |
$ | 647,077 | | |
$ | — | | |
$ | 9,950,422 | | |
$ | — | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average number of Redeemable shares | |
| 25,300,000 | | |
| — | | |
| 14,417,279 | | |
| — | |
| Basic and diluted net income per Redeemable share | |
$ | 0.03 | | |
$ | | | |
$ | 0.69 | | |
$ | | |
| | |
| | | |
| | | |
| | | |
| | |
| Non-redeemable shares | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Allocation of net loss | |
$ | (737,898 | ) | |
$ | (16,708 | ) | |
$ | (11,338,960 | ) | |
$ | (22,683 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average number of Non-redeemable shares | |
| 9,173,333 | | |
| 8,433,333 | | |
| 8,855,024 | | |
| 8,433,333 | |
| Basic and diluted net loss per Non-redeemable share | |
$ | (0.08 | ) | |
$ | (0.00 | ) | |
$ | (1.28 | ) | |
$ | (0.00 | ) |
|