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v3.25.1

Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2025
Significant Accounting Policies |
Schedule of condensed balance sheet are reconciled | The Class A ordinary shares subject to possible redemption is reflected on the balance sheet at March 31, 2025 as follows: ​
​ | ​ | ​ | ​
Gross proceeds from Initial Public Offering |  | $ | 143,750,000
Less: | ​ |  | ​
Proceeds allocated to public warrants | ​ |  | (354,359)
Offering costs allocated to Class A ordinary shares subject to possible redemption | ​ |  | (8,642,235)
Plus: | ​ |  | ​
Accretion of Class A ordinary shares subject to possible redemption | ​ |  | 18,948,600
Class A ordinary shares subject to possible redemption at December 31, 2023 | ​ | ​ | 153,702,006
Redemption of Class A ordinary shares | ​ | ​ | (75,921,158)
Re-measurement of Class A ordinary shares subject to possible redemption | ​ | ​ | 4,823,235
Class A ordinary shares subject to possible redemption at December 31, 2024 | ​ | ​ | 82,604,083
Redemption of Class A ordinary shares | ​ | ​ | (73,533,953)
Re-measurement of Class A ordinary shares subject to possible redemption | ​ | ​ | 318,570
Class A ordinary shares subject to possible redemption at March 31, 2025 | ​ | $ | 9,388,700
Schedule of reconciliation of net loss per common share | The following tables reflect the calculation of basic and diluted net income (loss) per ordinary share for the three months ended March 31, 2025 (in dollars, except share amounts): ​
​ | ​ | ​ | ​
​ |  | Three Months Ended
​ | ​ | March 31, 2025
Net income | ​ | $ | 66,653
Accretion of temporary equity to redemption value | ​ |  | (318,570)
Net loss including accretion of temporary equity to redemption value | ​ | $ | (251,917)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31, 2025
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Class B Non-
​ |  | Class A Redeemable |  | Class A Non-redeemable |  | redeemable
Basic and diluted net income (loss) per share: |  | ​ |  |  | ​ |  |  | ​ |
Numerator: |  | ​ |  |  | ​ |  |  | ​ |
Allocation of net income by class | ​ | $ | 8,373 | ​ | $ | 8,001 | ​ | $ | 50,279
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: Accretion allocation based on ownership percentage | ​ | $ | (40,018) | ​ | $ | (38,240) | ​ | ​ | (240,312)
Allocation of accretion of temporary equity to redeemable shares | ​ | ​ | 318,570 | ​ | ​ | — | ​ | ​ | —
Total net income (loss) by class | ​ | $ | 286,925 | ​ | $ | (30,239) | ​ | ​ | (190,033)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ | ​ | 1,946,676 | ​ | ​ | 762,500 | ​ | ​ | 4,791,667
Basic and diluted net income (loss) per share | ​ | $ | 0.15 | ​ | $ | (0.04) | ​ | ​ | (0.04)
​ The following tables reflect the calculation of basic and diluted net income (loss) per ordinary share for the three months ended March 31, 2024 (in dollars, except share amounts): ​
​ | ​ | ​ | ​
​ |  | Three Months Ended
​ | ​ | March 31, 2024
Net income | ​ | $ | 575,856
Accretion of temporary equity to redemption value | ​ |  | (1,351,832)
Net loss including accretion of temporary equity to redemption value | ​ | $ | (775,976)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Class B Non-
​ |  | Class A Redeemable |  | Class A Non-redeemable |  | redeemable
Basic and diluted net income (loss) per share: |  | ​ |  |  | ​ |  |  | ​ |
Numerator: |  | ​ |  |  | ​ |  |  | ​ |
Allocation of net income by class | ​ | $ | 326,250 | ​ | $ | 34,267 | ​ | $ | 215,339
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: Accretion allocation based on ownership percentage | ​ | $ | (765,877) | ​ | $ | (80,442) | ​ | ​ | (505,513)
Allocation of accretion of temporary equity to redeemable shares | ​ |  | 1,351,832 | ​ | ​ | — | ​ | ​ | —
Total net income (loss) by class | ​ | $ | 912,205 | ​ | $ | (46,175) | ​ | ​ | (290,173)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ |  | 7,885,143 | ​ | ​ | 762,500 | ​ | ​ | 4,791,667
Basic and diluted net income (loss) per share | ​ | $ | 0.12 | ​ | $ | (0.06) | ​ | ​ | (0.06)

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