| Schedule of Class A Ordinary Shares Subject to Possible Redemption |
Accordingly,
as of June 30, 2026, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside
of the shareholders’ deficit section of the Company’s unaudited balance sheet, as reconciled in the following table:
| Public offering proceeds | |
$ | 160,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (4,528,000 | ) |
| Proceeds allocated to Over-Allotment Option | |
| (125,900 | ) |
| Public Shares issuance costs | |
| (8,450,565 | ) |
| Plus: | |
| | |
| Remeasurement of carrying value to redemption value | |
| 13,904,465 | |
| Class A ordinary shares subject to possible redemption, May 22, 2026 | |
| 160,800,000 | |
| | |
| | |
| Over-allotment | |
| | |
| Public offering proceeds | |
| 24,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (679,200 | ) |
| Public Shares issuance costs | |
| (1,167,737 | ) |
| Plus: | |
| | |
| Close Over-Allotment Option due to full exercise | |
| 125,900 | |
| Remeasurement of carrying value to redemption value | |
| 1,841,037 | |
| Class A ordinary shares subject to possible redemption, May 27, 2026 | |
| 184,920,000 | |
| | |
| | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on Trust Account) | |
| 637,136 | |
| Class A ordinary shares subject to possible redemption, June 30, 2026 | |
$ | 185,557,136 | |
|
| Schedule of Basic and Diluted Net Income (loss) |
The
following table reflects the calculation of basic and diluted net income (loss) per Class A (redeemable share) and Class A and Class
B (non-redeemable share) (in dollars, except share amounts):
| | |
For the Three Months Ended
June 30, 2026 | |
| Particulars | |
Redeemable Shares | | |
Non-Redeemable Shares | |
| Basic and diluted net loss per share: | |
| | |
| |
| Numerators: | |
| | |
| |
| Allocation of net loss | |
$ | (194,976 | ) | |
$ | (155,976 | ) |
| | |
| | | |
| | |
| Denominators: | |
| | | |
| | |
| Weighted average shares outstanding | |
| 7,956,044 | | |
| 6,364,652 | |
| Basic and diluted net loss per share | |
$ | (0.02 | ) | |
$ | (0.02 | ) |
| | |
For the Six Months Ended
June 30, 2026 | |
| Particulars | |
Redeemable Shares | | |
Non-Redeemable Shares | |
| Basic and diluted net loss per share: | |
| | |
| |
| Numerators: | |
| | |
| |
| Allocation of net loss | |
$ | (148,207 | ) | |
$ | (231,560 | ) |
| | |
| | | |
| | |
| Denominators: | |
| | | |
| | |
| Weighted average shares outstanding | |
| 4,000,000 | | |
| 6,249,631 | |
| Basic and diluted net loss per share | |
$ | (0.04 | ) | |
$ | (0.04 | ) |
|