Schedule of Class A Ordinary Shares Reflected in the Balance Sheets |
At June 30, 2024, the Class A Ordinary Shares
reflected in the balance sheets are reconciled in the following table:
Gross proceeds | |
$ | 57,500,000 | |
Less: | |
| | |
Proceeds Allocated to Public Rights | |
| (2,760,000 | ) |
Allocation of offering costs related to redeemable shares | |
| (1,646,852 | ) |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 1,477,390 | |
Class A Ordinary Shares subject to possible redemption, March 31, 2024 | |
$ | 54,570,538 | |
Plus: | |
| | |
Accretion of carrying value to redemption value | |
| 1,857,601 | |
Class A Ordinary Shares subject to possible redemption, June 30, 2024 | |
$ | 56,428,139 | |
|
Schedule of Basic and Diluted Net Income Per Ordinary Share |
The following table reflects the calculation of
basic and diluted net loss per ordinary share (in dollars, except per share amounts):
| |
For the three months ended June 30, | | |
For the six months ended June 30, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
Net income (loss) | |
$ | 441,182 | | |
$ | (662 | ) | |
$ | 772,143 | | |
$ | (1,325 | ) |
Remeasurement for ordinary shares subject to redemption | |
| (1,857,601 | ) | |
| — | | |
| (3,334,991 | ) | |
| — | |
Net loss including accretion of ordinary shares to redemption value | |
$ | (1,416,419 | ) | |
$ | (662 | ) | |
$ | (2,562,848 | ) | |
$ | (1,325 | ) |
| |
For the Three Months Ended June 30, | | |
For the Six Months Ended June 30, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
| | |
Non- Redeemable Class A | | |
| | |
Non- Redeemable Class A | | |
| | |
Non- Redeemable Class A | | |
| | |
Non- Redeemable Class A | |
| |
Redeemable Class A | | |
And Class B | | |
Redeemable Class A | | |
And Class B | | |
Redeemable Class A | | |
And Class B | | |
Redeemable Class A | | |
And Class B | |
Basic net income (loss) per share: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Numerator: | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
Net loss | |
$ | (1,059,608 | ) | |
$ | (356,811 | ) | |
$ | — | | |
$ | (662 | ) | |
$ | (1,873,173 | ) | |
$ | (689,675 | ) | |
$ | — | | |
$ | (1,325 | ) |
Remeasurement for ordinary shares subject to redemption | |
| 1,857,601 | | |
| — | | |
| — | | |
| — | | |
| 3,334,991 | | |
| — | | |
| — | | |
| — | |
Allocation of net income (loss) | |
$ | 797,993 | | |
$ | (356,811 | ) | |
$ | — | | |
$ | (662 | ) | |
$ | 1,461,818 | | |
$ | (689,675 | ) | |
$ | — | | |
$ | (1,325 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Denominator: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Basic and diluted weighted average shares outstanding | |
| 5,750,000 | | |
| 1,936,250 | | |
| — | | |
| 1,250,000 | | |
| 5,023,352 | | |
| 1,849,526 | | |
| — | | |
| 1,250,000 | |
Basic and diluted net income (loss) per share | |
$ | 0.14 | | |
$ | (0.18 | ) | |
$ | — | | |
| — | | |
$ | 0.29 | | |
$ | (0.37 | ) | |
$ | — | | |
$ | — | |
|