v3.25.2
Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Schedule of Company's Financial Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial liabilities that are measured at fair value on a recurring basis as of March 31, 2025 and 2024 and indicate the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
March 31, 2025                
Assets                
Investments held in Trust Account:                
Money Market investments  $3,380,327   $3,380,327   $
-
   $
-
 
Liabilities                    
Warrant liability - Private Warrants  $18,330   $
-
   $
-
   $18,330 

 

Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
March 31, 2024                
Assets                
Investments held in Trust Account:                
Money Market investments  $11,363,873   $11,363,873   $
-
   $
-
 
Liabilities                    
Warrant liability - Private Warrants  $31,079   $
-
   $
-
   $31,079 
Schedule of Significant Inputs to the Black-Scholes Method for the Fair Value of the Private Warrants

The following table provides the significant inputs to the Black-Scholes method for the fair value of the Private Warrants:

 

   As of
August 2021
(Initial
Measurement)
   As of
March 31,
2025
   As of
March 31,
2024
 
Unit price  $10.00   $10.00   $10.00 
Common stock price  $9.44   $10.54   $11.30 
Dividend yield   
-
%   
-
%   
-
%
Term to Business Combination (years)   1.00    1.00    1.00 
Volatility   16.0%   6.44%   5.40%
Risk-free rate   0.88%   4.01%   5.03%
Fair value  $0.58   $0.02   $0.04 
Schedule of Fair Value of the Company's Level 3 Financial Instruments that are Measured at Fair Value on a Recurring Basis

The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis:

 

Fair value as of January 15, 2021 (inception)  $
-
 
Initial measurement as of August 2, 2021   414,352 
Additional warrants issued in over-allotment   47,850 
Fair value as of August 2, 2021   462,202 
Change in valuation inputs or other assumptions   (199,225)
Fair value as of December 31, 2021   262,977 
Change in valuation inputs or other assumptions   (119,535)
Fair value as of March 31, 2022  $143,442 
Change in valuation inputs or other assumptions   (119,535)
Fair value as of March 31, 2023  $23,907 
Change in valuation inputs or other assumptions   7,172 
Fair value as of March 31, 2024  $31,079 
Change in valuation inputs or other assumptions   (12,749)
Fair value as of March 31, 2025  $18,330