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Significant Accounting Policies (Tables)

3 Months Ended

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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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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