SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of calculation of basic and diluted net income (loss) per ordinary share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

For the Years Ended December 31,

2025

2024

 

Redeemable

 

Non-redeemable

 

Redeemable

 

Non-redeemable

Class A

Class B

Class A

Class B

Basic net income (loss) per ordinary share

Numerator:

Allocation of net income (loss)

$

5,009,785

$

1,352,642

$

(5,348)

$

(65,664)

Denominator:

Basic weighted average ordinary shares outstanding

17,250,000

4,657,500

330,822

4,061,651

Basic net income (loss) per ordinary share

$

0.29

$

0.29

$

(0.02)

$

(0.02)

For the Years Ended December 31,

2025

2024

 

Redeemable

 

Non-redeemable

 

Redeemable

 

Non-redeemable

Class A

Class B

Class A

Class B

Diluted net income (loss) per ordinary share

Numerator:

Allocation of net income (loss)

$

5,009,785

$

1,352,642

$

(4,709)

$

(66,303)

Denominator:

Diluted weighted average ordinary shares outstanding

17,250,000

4,657,500

330,822

4,657,500

Diluted net income (loss) per ordinary share

$

0.29

$

0.29

$

(0.01)

$

(0.01)

Schedule of ordinary shares subject to possible redemption


		Shares		Amount
Gross proceeds		17,250,000		$	172,500,000
Less:
Proceeds allocated to Public Warrants		—			(1,121,250)
Class A ordinary shares issuance costs		—			(10,147,377)
Plus:
Accretion for Class A ordinary shares to redemption amount		—			13,118,973
Balance - December 31, 2024		17,250,000			174,350,346
Plus:
Accretion for Class A ordinary shares to redemption amount		—			7,306,965
Balance - December 31, 2025		17,250,000		$	181,657,311

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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