SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Class A Ordinary Shares Subject to Redemption

Gross proceeds	$	126,500,000
Less:
Proceeds allocated to Public Warrants		(822,250	)
Class A Ordinary Shares issuance costs		(7,466,569	)
Plus:
Accretion for Class A Ordinary Shares to redemption amount		8,952,240
Class A Ordinary Shares subject to possible redemption, December 31, 2024	$	127,163,421
Plus:
Accretion for Class A Ordinary Shares to redemption amount		1,363,977
Class A Ordinary Shares subject to possible redemption, March 31, 2025		128,527,398
Plus:
Accretion for Class A Ordinary Shares to redemption amount		1,374,969
Class A Ordinary Shares subject to possible redemption, June 30, 2025	$	129,902,367

Schedule of Reconciliation of the Numerator and Denominator Used to Compute Basic and Diluted Net Income Per Ordinary Share

The following tables present a reconciliation of the numerator and denominator used to compute basic and diluted net income per Ordinary Share for each class of Ordinary Shares:

	For the Three Months Ended June 30, 2025				For the Six Months Ended June 30, 2025
	Class A		Class B		Class A		Class B
Basic and diluted net income per Ordinary Share:
Numerator:
Allocation of net income	$	895,323	$	327,602	$	1,797,840	$	657,836
Denominator:
Weighted-average shares outstanding		12,650,000		4,628,674		12,650,000		4,628,674
Basic and diluted net income per Ordinary Share	$	0.07	$	0.07	$	0.14	$	0.14

- Definition

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

+ References + Details

Willow Lane Acquisition Corp. 10-Q