| SCHEDULE OF NET INCOME (LOSS) PER SHARE PRESENTED STATEMENTS OF OPERATIONS |
SCHEDULE
OF NET INCOME (LOSS) PER SHARE PRESENTED STATEMENTS OF OPERATIONS
| | |
2024 | |
2023 | |
September
30,
2024 | |
September
30,
2023 |
| | |
Three Months Ended September 30, | |
Nine Months Ended | |
For the Period from February 17,
2023 through |
| | |
2024 | |
2023 | |
September 30,
2024 | |
September 30,
2023 |
| Net income (loss) | |
$ | 825,358 | | |
$ | 573,444 | | |
$ | 2,428,474 | | |
$ | 570,338 | |
| Accretion of temporary equity into redemption value (interest earned) | |
| (952,787 | ) | |
| (760,871 | ) | |
| (2,818,129 | ) | |
| (760,871 | ) |
| Accretion of temporary equity into redemption value | |
| - | | |
| (7,520,591 | ) | |
| - | | |
| (7,520,591 | ) |
| Net loss including accretion of equity into redemption
value | |
$ | (127,429 | ) | |
$ | (7,708,018 | ) | |
$ | (389,655 | ) | |
$ | (7,711,124 | ) |
|
SCHEDULE
OF NET INCOME (LOSS) PER SHARE PRESENTED STATEMENTS OF OPERATIONS
| | |
For the Period from February 17, 2023 (Inception) Through December 31, 2023 | |
| Net income | |
$ | 1,484,790 | |
| Interest earned on investment held in Trust Account | |
| (1,729,358 | ) |
| Accretion of temporary equity into redemption value | |
| (7,591,500 | ) |
| Net loss including accretion of common stock to redemption value | |
| (7,836,068 | ) |
|
| SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED |
SCHEDULE
OF EARNINGS PER SHARE BASIC AND DILUTED
| | |
Redeemable | |
Non-Redeemable | |
Redeemable | |
Non-Redeemable | |
Redeemable | |
Non-Redeemable | |
Redeemable | |
Non-Redeemable |
| | |
For Three Months Ended
September
30, 2024 | |
For Nine Months Ended
September
30, 2024 | |
For Three Months Ended
September
30, 2023 | |
For the Period from
February
17, 2023 through
September 30, 2023 |
| | |
Redeemable | |
Non-Redeemable | |
Redeemable | |
Non-Redeemable | |
Redeemable | |
Non-Redeemable | |
Redeemable | |
Non-Redeemable |
| Particulars | |
| Shares | | |
| Shares | | |
| Shares | | |
| Shares | | |
| Shares | | |
| Shares | | |
| Shares | | |
| Shares | |
| Basic and diluted net income/(loss) per share: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 6,900,000 | | |
| 2,266,500 | | |
| 6,900,000 | | |
| 2,266,500 | | |
| 5,885,870 | | |
| 2,214,049 | | |
| 2,506,944 | | |
| 2,023,299 | |
| Ownership percentage | |
| 75 | % | |
| 25 | % | |
| 75 | % | |
| 25 | % | |
| 73 | % | |
| 27 | % | |
| 55 | % | |
| 45 | % |
| Numerators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Allocation of net loss including accretion of temporary equity | |
| (95,921 | ) | |
| (31,508 | ) | |
| (293,309 | ) | |
| (96,346 | ) | |
| (5,601,092 | ) | |
| (2,106,926 | ) | |
| (4,267,179 | ) | |
| (3,443,945 | ) |
| Interest earned on investment held in trust account | |
| 952,787 | | |
| - | | |
| 2,818,129 | | |
| - | | |
| 760,871 | | |
| - | | |
| 760,871 | | |
| - | |
| Accretion of temporary equity to redemption value | |
| - | | |
| - | | |
| - | | |
| - | | |
| 7,520,591 | | |
| - | | |
| 7,520,591 | | |
| - | |
| Allocation of net income/(loss) | |
| 856,866 | | |
| (31,508 | ) | |
| 2,524,820 | | |
| (96,346 | ) | |
| 2,680,370 | | |
| (2,106,926 | ) | |
| 4,014,283 | | |
| (3,443,945 | ) |
| Denominators: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 6,900,000 | | |
| 2,266,500 | | |
| 6,900,000 | | |
| 2,266,500 | | |
| 5,885,870 | | |
| 2,214,049 | | |
| 2,506,944 | | |
| 2,023,299 | |
| Basic and diluted net income/(loss) per share | |
$ | 0.12 | | |
$ | (0.01 | ) | |
$ | 0.37 | | |
$ | (0.04 | ) | |
$ | 0.46 | | |
$ | (0.95 | ) | |
$ | 1.60 | | |
$ | (1.70 | ) |
|
SCHEDULE
OF EARNINGS PER SHARE BASIC AND DILUTED
| | |
Redeemable | | |
Non-Redeemable | |
| | |
For the Period from February 17, 2023 (Inception) Through December 31, 2023 | |
| | |
Redeemable | | |
Non-Redeemable | |
| Particulars | |
Shares | | |
Shares | |
| Basic and diluted net income/(loss) per share: | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 3,819,156 | | |
| 2,095,943 | |
| Ownership percentage | |
| 65 | % | |
| 35 | % |
| Numerators: | |
| | | |
| | |
| Allocation of net loss including accretion of temporary equity | |
| (5,059,453 | ) | |
| (2,776,615 | ) |
| Income earned on Trust Account | |
| 1,729,358 | | |
| — | |
| Accretion of temporary equity to redemption value | |
| 7,591,500 | | |
| — | |
| Allocation of net income/(loss) | |
| 4,261,405 | | |
| (2,776,615 | ) |
| | |
| | | |
| | |
| Denominators: | |
| | | |
| | |
| Weighted-average shares outstanding | |
| 3,819,156 | | |
| 2,095,943 | |
| Basic and diluted net income/(loss) per share | |
| 1.12 | | |
| (1.32 | ) |
|
| SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET |
At
September 30, 2024, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following
table:
SCHEDULE
OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET
| Public offering proceeds | |
$ | 60,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (3,272,724 | ) |
| Allocation of offering costs related to redeemable shares | |
| (2,925,140 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 6,797,864 | |
| Ordinary shares subject to possible redemption | |
| 60,600,000 | |
| | |
| | |
| Over-allotment | |
| | |
| Plus: | |
| | |
| Over-allotment proceeds | |
| 9,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (490,909 | ) |
| Allocation of offering costs related to redeemable shares | |
| (212,727 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 793,636 | |
| Subsequent measurement of ordinary shares subject to possible redemption (income
earned on trust account) | |
| 1,729,358 | |
| Ordinary shares subject to possible redemption, December 31, 2023 | |
$ | 71,419,358 | |
| Plus: | |
| | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust
account) | |
| 2,818,129 | |
| Ordinary shares subject to possible redemption, September
30, 2024 | |
$ | 74,237,487 | |
|
At
December 31, 2023, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following
table:
SCHEDULE
OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET
| Public offering proceeds | |
$ | 60,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (3,272,724 | ) |
| Allocation of offering costs related to redeemable shares | |
| (2,925,140 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 6,797,864 | |
| Ordinary shares subject to possible redemption | |
$ | 60,600,000 | |
| | |
| | |
| Over-allotment | |
| | |
| Plus: | |
| | |
| Over-allotment proceeds | |
| 9,000,000 | |
| Less: | |
| | |
| Proceeds allocated to Public Rights | |
| (490,909 | ) |
| Allocation of offering costs related to redeemable shares | |
| (212,727 | ) |
| Plus: | |
| | |
| Accretion of carrying value to redemption value | |
| 793,636 | |
| Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) | |
| 1,729,358 | |
| Ordinary shares subject to possible redemption | |
$ | 71,419,358 | |
|