v3.25.2
Fair value measurements
 3 Months Ended
Jun. 30, 2025
Fair value measurements [Abstract]  
Fair value measurements
3. Fair value measurements
 
Assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 are as follows:
             
   
Total
   
Quoted prices
in active markets
(Level 1)
   
Significant other
observable inputs
(Level 2)
   
Significant
unobservable inputs
(Level 3)
 
    $    $    $    $ 
Assets
                
Treasury bills classified as cash equivalents
  18,087   18,087    —     —  
Total assets
  18,087   18,087    —     —  
Liabilities
                
Derivative warrant liabilities
  1,628    —     —    1,628 
Total liabilities
  1,628    —     —    1,628 
 
Assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 are as follows:
             
   
Total
   
Quoted prices
in active markets
(Level 1)
   
Significant other
observable inputs
(Level 2)
   
Significant
unobservable inputs
(Level 3)
 
    $    $    $    $ 
Assets
                
Treasury bills classified as cash equivalents
  21,304   21,304    —     —  
Total assets
  21,304   21,204    —     —  
Liabilities
                
Derivative warrant liabilities
  1,141    —     —    1,141 
Total liabilities
  1,141    —     —    1,141 
 
There were no changes in valuation techniques or transfers between Levels 1, 2 or 3 during the three months ended June 30, 2025. The Company’s derivative warrant liabilities are measured at fair value on a recurring basis using unobservable inputs that are classified as Level 3 inputs. Refer to Note 6, Stockholders’ Equity, for the valuation techniques and assumptions used in estimating the fair value of the derivative warrant liabilities.