Fair Value Measurements (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Fair Value Measurements [Abstract]

Schedule of Company’s Assets that are Measured at Fair Value

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

		Fair Value Measured as of March 31, 2025
		Level 1			Level 2			Level 3			Total
Assets
Money market mutual fund held in Trust Account		$	237,656,449		$	—		$	—		$	237,656,449
Liabilities:
Forward purchase agreement liability			—			—			669,732			669,732
Total forward purchase agreement liability		$	—		$	—		$	669,732		$	669,732

		Fair Value Measured as of December 31, 2024
		Level 1			Level 2			Level 3			Total
Assets
Money market mutual fund held in Trust Account		$	235,193,585		$	—		$	—		$	235,193,585

The following table presents information about the Company’s assets that are measured at fair value on December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

		Level		December 31, 2024
Assets:
Money market mutual fund held in Trust Account		1		$	235,193,585

The following table presents information about the Company’s assets that are measured at fair value on August 19, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

		Level		August 19, 2024
Equity:
Fair value of Public Warrants for Class A ordinary shares subject to redemption allocation		3		$	529,000

Schedule of Fair Value of the Forward Purchase Agreement Derivative Liability

In order to calculate the fair value of the forward purchase agreement derivative liability, the Company utilized the following inputs:

		March 26, 2025 (Initial measurement)				March 31, 2025
Probability of business combination			90	%			90	%
Underlying ordinary share price		$	10.80			$	10.52
Term (years)			0.42				0.40
Risk-free rate			4.28	%			4.27	%
Volatility			10.73	%			11.23	%

The fair value of Public Warrants was determined using Monte Carlo Simulation Model. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Warrants:

		August 19, 2024
Underlying share price		$	9.98
Exercise price		$	11.50
Term (years)			7.0
Risk-free rate			3.78	%
Volatility			9.0	%

Schedule of Changes in the Fair Value

The following table presents the changes in the fair value of the forward purchase agreement (“FPA”) derivative liability:

		FPA
Fair value as of March 26, 2025 (initial measurement)		$	893,425
Change in fair value			(223,693	)
Fair value as of March 31, 2025		$	669,732

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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