| Summary of common stock subject to redeemption |
December 31, 2025 and 2024 , the Class A common stock reflected in the balance sheets is reconciled in the following table:
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2021 |
|
$ |
234,600,000 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
1,785,597 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2022 |
|
$ |
236,385,597 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
2,240,671 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at March 31, 2023 |
|
$ |
238,626,268 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
1,003,291 |
|
| Redemption of Class A common stock |
|
|
(222,484,624 |
) |
|
|
|
|
|
| Class A common stock subject to possible redemption at June 30, 2023 |
|
$ |
17,144,935 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
299,813 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at September 30, 2023 |
|
$ |
17,444,748 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
255,398 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2023 |
|
$ |
17,700,146 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
212,490 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at March 31, 2024 |
|
$ |
17,912,636 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
102,198 |
|
| Redemption of Class A common stock |
|
|
(9,513,007 |
) |
|
|
|
|
|
| Class A common stock subject to possible redemption at June 30, 2024 |
|
$ |
8,501,827 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
92,073 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at September 30, 2024 |
|
$ |
8,593,900 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
52,468 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2024 |
|
$ |
8,646,368 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
90,250 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at March 31, 2025 |
|
$ |
8,736,618 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
51,044 |
|
| Redemption of Class A common stock |
|
|
(2,603,925 |
) |
|
|
|
|
|
| Class A common stock subject to possible redemption at June 30, 2025 |
|
$ |
6,183,737 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
66,186 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at September 30, 2025 |
|
$ |
6,249,923 |
|
| Remeasurement adjustment of Class A common stock to redemption value |
|
|
47,976 |
|
|
|
|
|
|
| Class A common stock subject to possible redemption at December 31, 2025 |
|
$ |
6,297,899 |
|
|
|
|
|
|
|
| Summary of calculation of basic and diluted net income (loss) per common share |
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended
December 31, 2025 |
|
| |
|
|
|
|
|
|
Basic and diluted net loss per share of common stock |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(2,247,299 |
) |
|
$ |
(92,312 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
6,086,126 |
|
|
|
250,000 |
|
| Basic and diluted net loss per share of common stock |
|
$ |
(0.37 |
) |
|
$ |
(0.37 |
) |
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended
December 31, 2024 |
|
| |
|
|
|
|
|
|
Basic and diluted net loss per share of common stock |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Allocation of net loss |
|
$ |
(2,597,676 |
) |
|
$ |
(100,165 |
) |
| Denominator: |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
6,483,524 |
|
|
|
250,000 |
|
| Basic and diluted net loss per share of common stock |
|
$ |
(0.40 |
) |
|
$ |
(0.40 |
) |
|