EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

NOTE 5 - EARNINGS PER SHARE:

Basic

As of March 31, 2025 and 2024, the Company had two classes of ordinary shares, Class A ordinary shares and Class B ordinary shares. In order to determine the net loss attributable to each class, the Company first considered the total earnings (loss) allocable to both sets of shares. This is calculated using the total earnings (loss) less any Interest Earned on Investments Held in Trust Account. The accretion to redemption value of the Class A ordinary shares subject to possible redemption is fully allocated to the Class A ordinary shares subject to redemption.


	Three months ended March 31
	2025			2024
	U.S. dollars in thousands (except share data)
Net earnings (loss) for the period		(78	)		37
Less - interest earned on marketable securities held in trust account		(95	)		(277	)
Net loss excluding interest		(173	)		(240	)

Class A ordinary shares subject to possible redemption:
Numerator:
Net loss excluding interest		(34	)		(91	)
Sponsor Loan Cancelation		-			335
Underwriters’ deferred compensation waiver		-			4,428
Accretion on Class A ordinary shares subject to possible redemption to redemption amount (“Accretion”)		95			335
		61			244
		(139	)		4,614
Denominator:
Weighted average of class A ordinary shares subject to possible redemption		763,592			1,912,371
Basic and diluted earnings per Class A ordinary share subject to possible redemption		0.08			0.13

Non-redeemable Class A and Class B ordinary shares:
Numerator:
Net loss excluding interest		(139	)		(149	)
Sponsor Loan Cancelation		-			335
Underwriters’ deferred compensation waiver		-			4,428
		(139	)		4,614
Denominator:
Weighted average of non-redeemable Class A and Class B ordinary shares outstanding		3,162,500			3,162,500
Basic and diluted earnings (loss) per non-redeemable Class A and Class B ordinary share		(0.04	)		1.46

CACTUS ACQUISITION CORP. 1 LIMITED

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (continued)

NOTE 5 - EARNINGS PER SHARE (continued):

Diluted

As of March 31, 2025, the Company did not have any dilutive securities or any other contracts which could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company.

Cactus Acquisition Corp. 1 Ltd 10-Q