v3.25.2
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Valuation of Public Warrants The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants at initial recording:

 

 

May 5, 2025

Implied Class A ordinary share price

 

$

9.96

 

 

Exercise price

 

$

11.5

 

 

Simulation term (years)

 

 

2.8

 

 

Risk-free rate (continuous)

 

 

3.76

 

%

Selected volatility

 

 

 

5.00

 

%

Schedule of Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2025 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability:

 

 

 

June 30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Investments held in Trust Account

 

$

 

361,106,234

 

 

$

 

361,106,234

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Public warrants

 

$

 

5,292,300

 

 

$

 

5,292,300

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May 5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Investments held in Trust Account

 

$

 

358,800,000

 

 

$

 

358,800,000

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Public warrants

 

$

 

1,524,900

 

 

$

 

 

 

$

 

 

 

$

 

1,524,900