| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary shares:
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For the Three Months Ended
June 30, |
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2026 |
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2025 |
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Basic and diluted net income per ordinary share: |
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Redeemable |
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Redeemable |
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Allocation of net income, basic and diluted |
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$ |
498,974 |
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$ |
222,717 |
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$ |
746,712 |
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$ |
294,627 |
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Basic and diluted weighted average ordinary shares outstanding |
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10,165,782 |
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4,537,500 |
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11,500,000 |
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4,537,500 |
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Basic and diluted net income per ordinary share |
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$ |
0.05 |
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$ |
0.05 |
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$ |
0.06 |
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$ |
0.06 |
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For the Six Months Ended
June 30, |
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2026 |
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2025 |
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Basic and diluted net income per ordinary share: |
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Redeemable |
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Redeemable |
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Allocation of net income, basic and diluted |
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$ |
1,113,030 |
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$ |
466,366 |
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$ |
1,395,836 |
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$ |
551,493 |
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Basic and diluted weighted average ordinary shares outstanding |
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10,829,205 |
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4,537,500 |
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11,483,425 |
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4,537,086 |
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Basic and diluted net income per ordinary share |
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$ |
0.10 |
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$ |
0.10 |
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$ |
0.12 |
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$ |
0.12 |
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| Schedule Of Reconciliation Of Temporary Equity |
As of June 30, 2026 and December 31, 2025, the ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:
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Ordinary Shares subject to possible redemption |
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Shares |
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Amount |
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Balance – December 31, 2025 |
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11,500,000 |
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$ |
120,509,940 |
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Plus: |
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Remeasurement of carrying value to redemption value |
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— |
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1,070,686 |
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Balance – March 31, 2026 |
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11,500,000 |
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121,580,626 |
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Less: |
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Redemptions |
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(9,339,529 |
) |
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(99,492,433 |
) |
Plus: |
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Remeasurement of carrying value to redemption value |
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— |
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1,055,027 |
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Balance – June 30, 2026 |
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2,160,471 |
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$ |
23,143,220 |
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