Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

The Public Shares subject to possible redemption reflected on the balance sheet as of December 31, 2024 are reconciled in the following table:


Gross proceeds	$	345,000,000
Less:
Class A ordinary shares issuance costs		(20,230,306	)
Fair value of Public Warrants at issuance		(2,182,125	)
Plus:
Remeasurement of Class A ordinary shares to redemption value		24,869,269
Class A ordinary shares subject to possible redemption at December 31, 2023		347,456,838
Remeasurement of Class A ordinary shares to redemption value		18,605,323
Class A ordinary shares subject to possible redemption at December 31, 2024		366,062,161

A reconciliation of the net income per ordinary share is below:


	For The Year Ended December 31, 2024		For The Year Ended December 31, 2023
Redeemable Class A Ordinary Shares
Numerator: Net income allocable to redeemable Class A ordinary shares	$	6,691,114	$	492,237

Denominator: Weighted average shares outstanding, redeemable Class A ordinary shares
Basic and diluted weighted average shares outstanding, redeemable Class A ordinary shares		34,500,000		4,631,507
Basic and diluted net income per share, Redeemable Class A ordinary shares	$	0.19	$	0.11

Non-Redeemable Class B Ordinary Shares
Numerator: Net income allocable to non-redeemable Class B ordinary shares
Net income allocable to non-redeemable Class B ordinary shares	$	1,672,778	$	813,153

Denominator: Weighted average non-redeemable Class B ordinary shares		8,625,000		7,651,027
Basic net income per share, Class B non-redeemable ordinary shares	$	0.19	$	0.11

Agriculture & Natural Solutions Acquisition Corp 10-K