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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2025

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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


Net income from January 1, 2025, to September 30, 2025		$	7,092,083


	For the nine months period ended September 30, 2025
	Redeemable			Non- Redeemable
	Shares			Shares			Total
Total number of ordinary shares – Basic		23,000,000			6,868,214			29,868,214
Ownership percentage		77	%		23	%
Total income allocated by class	$	5,460,904		$	1,631,179		$	7,092,083
Less: Accretion allocated based on ownership percentage		(5,761,838)			(1,721,068)			(7,482,906)
Plus: Accretion applicable to the redeemable class		7,482,906			—			7,482,906
Total income (loss) by class	$	7,181,972		$	(89,889)			7,092,083

Weighted average shares		23,000,000			6,868,214
Earnings (loss) per ordinary share - Basic	$	0.31		$	(0.013)


	For the nine months period ended September 30, 2025
	Redeemable			Non- Redeemable
	Shares			Shares			Total
Total number of ordinary shares – Diluted		34,500,000			8,221,964			42,721,964
Ownership percentage		81	%		19	%
Total income allocated by class	$	5,744,587		$	1,347,496		$	7,092,083
Less: Accretion allocated based on ownership percentage		(6,061,154)			(1,421,752)			(7,482,906)
Plus: Accretion applicable to the redeemable class		7,482,906			—			7,482,906
Total income (loss) by class	$	7,166,339		$	(74,256)			7,092,083

Weighted average shares		34,500,000			8,221,964
Earnings (loss) per ordinary share - Diluted	$	0.21		$	(0.01)

The following table reflects the calculation of basic and diluted net income (loss) per share of common stock (in dollars, except per share amounts) for the three months ended September 30, 2025.


Net income from July 1, 2025, to September 30, 2025		$	2,450,594


	For the three months period ended September 30, 2025
	Redeemable			Non- Redeemable
	Shares			Shares			Total
Total number of ordinary shares – Basic		23,000,000			6,868,214			29,868,214
Ownership percentage		77	%		23	%
Total income allocated by class	$	1,886,957		$	563,637		$	2,450,594
Less: Accretion allocated based on ownership percentage		(1,979,385)			(591,245)			(2,570,630)
Plus: Accretion applicable to the redeemable class		2,570,630			—			2,570,630
Total income (loss) by class	$	2,478,202		$	(27,608)			2,450,594

Weighted average shares		23,000,000			6,868,214
Earnings (loss) per ordinary share - Basic	$	0.11		$	(0.004)


	For the three months period ended September 30, 2025
	Redeemable			Non- Redeemable
	Shares			Shares			Total
Total number of ordinary shares – Diluted		34,500,000			8,221,964			42,721,964
Ownership percentage		81	%		19	%
Total income allocated by class	$	1,984,981		$	465,613		$	2,450,594
Less: Accretion allocated based on ownership percentage		(2,082,210)			(488,420)			(2,570,630)
Plus: Accretion applicable to the redeemable class		2,570,630			—			2,570,630
Total income (loss) by class	$	2,473,401		$	(22,807)			2,450,594

Weighted average shares		34,500,000			8,221,964
Earnings (loss) per ordinary share - Diluted	$	0.07		$	(0.003)