| Schedule of Reconciliation of Numerator and Denominator used to Compute Basic and Diluted Net Income Per Share |
The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary shares.
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FOR THE THREE MONTHS ENDED JUNE 30, 2024 |
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Redeemable |
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Non-redeemable |
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Numerator |
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Class A |
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Class A |
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Class B |
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Numerator: |
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Net income |
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$ |
371,601 |
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$ |
205,311 |
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$ |
452,314 |
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Denominator |
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Weighted-average shares outstanding including ordinary shares subject to redemption |
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3,296,674 |
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1,821,429 |
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4,012,719 |
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Basic and diluted net income per ordinary share |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.11 |
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FOR THE SIX MONTHS ENDED JUNE 30, 2024 |
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Redeemable |
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Non-redeemable |
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Numerator |
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Class A |
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Class A |
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Class B |
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Numerator: |
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Allocation of net income |
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$ |
357,803 |
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$ |
59,266 |
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$ |
374,033 |
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Denominator |
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Weighted-average shares outstanding including ordinary shares subject to redemption |
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5,498,201 |
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910,714 |
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5,747,611 |
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Basic and diluted net income per ordinary share |
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$ |
0.07 |
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$ |
0.07 |
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$ |
0.07 |
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FOR THE THREE MONTHS ENDED JUNE 30, 2023 |
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Redeemable |
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Non-redeemable |
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Numerator |
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Class A |
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Class A |
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Class B |
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Numerator: |
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Net income |
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$ |
3,247,278 |
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$ |
— |
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$ |
1,107,969 |
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Denominator |
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Weighted-average shares outstanding including ordinary shares subject to redemption |
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21,930,000 |
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— |
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7,482,500 |
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Basic and diluted net income per ordinary share |
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$ |
0.15 |
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$ |
— |
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$ |
0.15 |
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FOR THE SIX MONTHS ENDED JUNE 30, 2023 |
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Redeemable |
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Non-redeemable |
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Numerator |
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Class A |
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Class A |
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Class B |
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Numerator: |
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Allocation of net income |
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$ |
3,504,092 |
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$ |
— |
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$ |
1,195,594 |
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Denominator |
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Weighted-average shares outstanding including ordinary shares subject to redemption |
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21,930,000 |
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— |
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7,482,500 |
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Basic and diluted net income per ordinary share |
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$ |
0.16 |
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$ |
— |
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$ |
0.16 |
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| Reconciliation of Class A Ordinary Shares |
As of June 30, 2024, and December 31, 2023, the amount of Class A ordinary shares reflected on the balance sheets are reconciled in the following table:
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Class A ordinary shares subject to redemption, December 31, 2022 |
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$ |
225,084,808 |
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Less: |
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Redemption of Class A ordinary shares |
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(149,750,540 |
) |
Add: |
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Re-measurement of carrying value to redemption value |
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8,520,553 |
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Class A ordinary shares subject to redemption December 31, 2023 |
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$ |
83,854,821 |
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Add: |
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Re-measurement of carrying value to redemption value |
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1,470,369 |
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Class A ordinary shares subject to redemption March 31, 2024 |
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$ |
85,325,190 |
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Less: |
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Redemption of Class A ordinary shares |
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(59,395,951 |
) |
Add: |
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Re-measurement of carrying value to redemption value |
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648,052 |
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Class A ordinary shares subject to redemption June 30, 2024 |
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$ |
26,577,291 |
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