Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Significant Accounting Policies [Abstract]

Schedule of Quantitative Information Regarding Market Assumptions Used in the Valuation of the Public Rights

The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Rights as of December 5, 2024, the date in which the Company consummated the Initial Public Offering:

Traded price of Unit	$	9.99
Expected Term to De-SPAC (Years)		1.5
Probability of De-SPAC and Instrument-Specific Market Adjustment		12.0	%
Risk-free rate		4.15	%
Implied common stock price	$	9.88
Fair value per share right	$	0.12

Schedule of Calculation of Basic and Diluted Net Income Per Ordinary Share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

	For the Three Months Ended June 30, 2025				For the Six Months Ended June 30, 2025
	Redeemable		Non-redeemable		Redeemable		Non-redeemable

Numerator:
Allocation of net income	$	466,491	$	179,329	$	1,170,259	$	449,871
Denominator:
Basic and diluted weighted average ordinary shares outstanding		11,500,000		4,420,833		11,500,000		4,420,833
Basic and diluted net income per ordinary share	$	0.04	$	0.04	$	0.10	$	0.10

	For the Three Months Ended June 30,			For the Period from March 7, 2024 (inception) through June 30,
	2024			2024
	Redeemable			Redeemable

Numerator:
Allocation of net loss	$	(44,679	)	$	(85,220	)
Denominator:
Basic and diluted weighted average ordinary shares outstanding		4,575,000			4,575,000
Basic and diluted net loss per ordinary share	$	(0.01	)	$	(0.02	)

Schedule of Ordinary Shares Subject to Possible Redemption Reflected in the Balance Sheet are Reconciled

As of June 30, 2025 and December 31, 2024, the ordinary shares subject to possible redemption reflected in the balance sheets are reconciled in the following table:

Gross proceeds	$	115,000,000
Less:
Proceeds allocated to Public Rights		(1,380,000	)
Ordinary shares issuance costs		(3,520,662	)
Plus:
Remeasurement of carrying value to redemption value		5,586,528
Ordinary Shares subject to possible redemption, December 31, 2024		115,685,866
Remeasurement of carrying value to redemption value		1,456,773
Ordinary Shares subject to possible redemption, March 31, 2025	$	117,142,639
Remeasurement of carrying value to redemption value		1,221,289
Ordinary Shares subject to possible redemption, June 30, 2025	$	118,363,928

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

Tavia Acquisition Corp. 10-Q