| Schedule of Class A Ordinary Shares Reflected in the Balance Sheet |
As of December 31, 2025, the Class A ordinary shares reflected in
the balance sheet are reconciled in the following table:
| Gross proceeds | |
$ | 172,500,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Warrants | |
| (345,000 | ) |
| Issuance costs allocated to Class A ordinary shares | |
| (10,891,881 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 15,861,338 | |
| Class A ordinary shares subject to possible redemption | |
$ | 177,124,457 | |
|
| Schedule of Basic and Diluted Net Income Per Share |
The following tables reflect the calculation
of basic and diluted net income (loss) per share:
| | |
For the Year Ended
December 31, 2025 | | |
For the Period from December 9, 2024 (inception) through December 31, 2024 | |
| | |
Class A | | |
Class B(1) | | |
Class A | | |
Class B(1) | |
| Basic net income (loss) per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net income (loss) | |
$ | 2,884,125 | | |
$ | 1,365,771 | | |
$ | — | | |
$ | (1,087 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted Average Ordinary Shares | |
| 11,626,027 | | |
| 5,505,479 | | |
| — | | |
| 5,000,000 | |
| Basic net income (loss) per ordinary share | |
$ | 0.25 | | |
$ | 0.25 | | |
$ | 0.00 | | |
$ | (0.00 | ) |
| | |
For the Year Ended
December 31, 2025 | | |
For the Period from December 9, 2024 (inception) through December 31, 2024 | |
| | |
Class A | | |
Class B(1) | | |
Class A | | |
Class B(1) | |
| Diluted net income (loss) per share: | |
| | | |
| | | |
| | | |
| | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net income (loss) | |
$ | 2,874,128 | | |
$ | 1,375,768 | | |
$ | — | | |
$ | (1,087 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted Average Ordinary Shares | |
| 11,626,027 | | |
| 5,565,068 | | |
| — | | |
| 5,000,000 | |
| Diluted net income (loss) per ordinary share | |
$ | 0.25 | | |
$ | 0.25 | | |
$ | 0.00 | | |
$ | (0.00 | ) |
| (1) | Excludes up to 750,000 Class B ordinary shares that were subject
to forfeiture if the over-allotment option was not exercised in full or in part by the Underwriters (Note 6). On April 30, 2025, the
Underwriters’ over-allotment option was exercised in full simultaneously with the Initial Public Offering, and the 750,000 Class B ordinary
shares were no longer subject to forfeiture. |
|