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

 

 

 

 

December 31,

 

 

December 31,

 

Description

 

Level

 

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

 

 

 

Cash and Marketable securities held in Trust Account

 

 

1

 

 

$182,240

 

 

$21,200,364

 

Schedule of fair value liabilities measured on recurring basis

Description        

 

Level

 

 

December  31, 2024

 

 

Level

 

 

December 31, 2023

 

Warrant liability – Public Warrants

 

 

2

 

 

$184,982

 

 

 

1

 

 

$184,982

 

Warrant liability – Private Placement Warrants

 

 

2

 

 

$-

 

 

 

2

 

 

$148,500

 

Total liabilities

 

 

 

 

 

$184,982

 

 

 

 

 

 

$333,482

 

Schedule of initial measurement of key inputs for Private Placement Warrants at subsequent measurement

Input

 

December 31, 2024

 

Risk-free interest rate

 

 

4.43%

Expected term (years)

 

 

6.3

 

Expected volatility

 

 

25.11%

Exercise price

 

$11.50

 

Fair value of the ordinary share price

 

$11.97

 

Redemption threshold price

 

$18.00

 

Redemption threshold days

 

20 days within any 30-day period

 

Redemption price

 

$0.01

 

Probability of successful acquisition

 

 

23.00%
Schedule of summary of fair value of warrant liabilities

Change in fair value of warrant liability

 

 

 

Warrant liability at December 31, 2022

 

$99,000

 

Change in fair value of warrant liability

 

 

49,500

 

Warrant liability at December 31, 2023

 

$148,500

 

Transfer out of warrant liability at December 31, 2023

 

 

(148,500)

Warrant liability at December 31, 2023

 

$0

 

Change in fair value of warrant liability

 

 

 

Warrant liability at December 31, 2023

 

$-

 

Transfer in of warrant liability at December 31, 2023

 

 

184,982

 

Change in fair value of warrant liability

 

$-

 

Warrant liability at December 31, 2024

 

$184,982