v3.25.2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Measurements  
Schedule of fair value assets measured on recurring basis

Description

 

 

 

 

December 31,

 

 

December 31,

 

 

 

Level

 

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

 

 

 

Cash and Marketable securities held in Trust Account

 

 

1

 

 

$1,967,696

 

 

$4,553,517

 

Schedule of fair value liabilities measured on recurring basis

Description

 

 

 

 

December 31,

 

 

 

 

 

December 31,

 

 

 

Level

 

 

2024

 

 

Level

 

 

2023

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant Liability – Public Warrants

 

 

2

 

 

$266,667

 

 

 

1

 

 

$826,666

 

Warrant Liability – Private Placement Warrants

 

 

2

 

 

$-

 

 

 

2

 

 

$471,200

 

Total Warrant Liabilities

 

 

 

 

 

$266,667

 

 

 

 

 

 

$1,297,866

 

Schedule of public warrants

Input

 

December 31, 2024

 

Risk-free interest rate

 

 

4.43%

Expected term (years)

 

 

6.3

 

Expected volatility

 

 

44.4%

Exercise price

 

$11.50

 

Fair value of the ordinary share price

 

$11.27

 

Redemption threshold price

 

$18.00

 

Redemption threshold days

 

20 days within any 30-day period

 

Redemption price

 

$0.01

 

Probability of successful acquisition

 

 

23.0%
Schedule of summary of fair value of warrant liabilities

 

 

Private Placement

 

 

Public

 

 

Warrant Liabilities

 

Fair value as of December 31, 2022

 

$228,000

 

 

$400,000

 

 

$628,000

 

Change in valuation inputs or other assumptions

 

 

243,200

 

 

 

426,666

 

 

 

669,866

 

Fair value as of December 31, 2023

 

$471,200

 

 

$826,666

 

 

$1,297,866

 

Change in valuation inputs or other assumptions

 

 

(167,200)

 

 

(559,999)

 

 

(727,199)

Cancellation of Private Warrants

 

 

(304,000)

 

 

-

 

 

 

(304,000)

Fair value as of December 31, 2024

 

$-

 

 

$266,667

 

 

$266,667

 

Schedule of change in fair value of level 3 warrant liabilities

Change in fair value of warrant liability

 

 

 

Warrant liability at December 31, 2023

 

$-

 

Transfer in of warrant liability at December 31, 2023

 

 

826,666

 

Change in fair value of warrant liability

 

$(559,999)

Warrant liability at December 31, 2024

 

$266,667