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

March 31, 2025

 

   Quoted
 Prices in
   Significant 
Other
   Significant 
Other
 
   Active 
Markets
   Observable
 Inputs
   Unobservable
 Inputs
 
Description  (Level 1)   (Level 2)   (Level 3) 
Assets:            
Investments held in Trust Account - U.S. Treasury Securities  $5,354,147   $
   $
 
Liabilities:               
Contingently issuable private placement warrants  $
   $14,375   $
 
Derivative liabilities- Public Warrants  $143,750   $
   $
 
Derivative liabilities- Private Placement Warrants  $
   $131,880   $
 

 

December 31, 2024

 

   Quoted
 Prices in
   Significant 
Other
   Significant 
Other
 
   Active 
Markets
   Observable
 Inputs
   Unobservable
 Inputs
 
Description  (Level 1)   (Level 2)   (Level 3) 
Assets:            
Investments held in Trust Account - U.S. Treasury Securities  $5,285,060   $
   $
 
Liabilities:               
Contingently issuable private placement warrants  $
   $4,600   $
 
Derivative liabilities- Public Warrants  $46,000   $
   $
 
Derivative liabilities- Private Placement Warrants  $
   $42,200   $
 
Schedule of Quantitative Information Regarding Level 2 Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 2 fair value measurements inputs at March 31, 2025 measurement date for contingently issuable Private Placement Warrants and Private Placement Warrants:

 

Exercise price  $11.50 
Stock price  $11.39 
Term (years)   5.67 
Volatility   6.0%
Risk-free rate   3.93%
Dividend yield   0.0%
Exercise price  $11.50 
Stock price  $11.02 
Term (years)   5.58 
Volatility   6.0%
Risk-free rate   4.31%
Dividend yield   0.0%
Schedule of Change in the Fair Value of the Derivative Liabilities – Public and Private Placement Warrants Measured Using Level 3 Inputs

The change in the fair value of the derivative liabilities – public and private placement warrants measured using Level 3 inputs for the three months ended March 31, 2025 and 2024, is summarized as follows:

 

Derivative liabilities – public and private placement warrants at December 31, 2024  $88,200 
Change in fair value of derivative warrant liabilities - public and Private Placement Warrants   187,430 
Derivative liabilities – public and private placement warrants at March 31, 2025  $275,630 

 

Derivative liabilities – public and private placement warrants at December 31, 2023  $112,460 
Change in fair value of derivative warrant liabilities - public and Private Placement Warrants   990,040 
Derivative liabilities – public and private placement warrants at March 31, 2024  $1,102,500 
Schedule of Change in the Fair Value of the Contingently Issuable Private Placement Warrants Measured Using Level 3 Inputs

The change in the fair value of the Contingently issuable private placement warrants measured using Level 3 inputs for the three months ended March 31, 2025 and 2024, is summarized as follows:

 

Contingently issuable private placement warrants at December 31, 2024  $4,600 
Change in fair value of contingently issuable private placement warrants   9,775 
Contingently issuable private placement warrants at March 31, 2025  $14,375 

 

Contingently issuable private placement warrants at December 31, 2023  $5,865 
Change in fair value of contingently issuable private placement warrants   51,635 
Contingently issuable private placement warrants at March 31, 2024  $57,500