Company: DMAAR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076681
Chunk: 18

Company: Drugs Made In America Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
 “Earnings Per Share.” The Company has two classes of ordinary shares, which are referred
to as redeemable ordinary shares and non-redeemable ordinary shares. Income and losses are shared pro rata between the two classes of
ordinary shares. This presentation assumes a Business Combination as the most likely outcome. Net income (loss) per ordinary share is
calculated by dividing the net income (loss) by the weighted average ordinary shares outstanding for the respective period.

The calculation of diluted net income (loss) per
ordinary share does not consider the effect of the rights issued in connection with the Initial Public Offering and the private placement
of the Private Placement Units to receive an aggregate of 2,928,750 ordinary shares in the calculation of diluted income (loss) per ordinary
share, because their issuance is contingent upon future events.

The Company has considered the effect of non-redeemable
ordinary shares that were excluded from weighted average number as they were contingent on the exercise of over-allotment option by the
underwriters. Since the contingency was satisfied, the Company included these shares in the weighted average number as of the beginning
of the interim period to determine the dilutive impact of these shares.

The following table presents a reconciliation
of the numerator and denominator used to compute basic and diluted net income per ordinary share for each class of ordinary shares:

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2025 

    Redeemable shares  
    Non-redeemable shares  
    Redeemable shares  
    Non-redeemable shares 
  
    Basic net income per share: 

    Numerator: 

    Allocation of net income 
    $1,570,460  
    $718,119  
    $2,320,616  
    $1,222,506 
  
    Denominator: 

    Weighted-average shares outstanding 
     23,000,000  
     10,517,143  
     19,110,497  
     10,067,451 
  
    Basic net income per ordinary share 
    $0.07  
    $0.07  
    $0.12  
    $0.12 

    Diluted net income per share: 

    Numerator: 

    Allocation of net income 
    $1,570,460