| Schedule of Assets Measured at Fair Value on Recurring Basis and Fair Value Hierarchy of Inputs |
The following tables present information about
the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, and indicate
the fair value hierarchy of the inputs that the Company utilized to determine such fair value.
| Description | |
Quoted
Prices in Active Markets
(Level 1) | | |
Significant
Other
Observable
Inputs
(Level 2) | | |
Significant
Other
Unobservable
Inputs
(Level 3) | | |
Total | |
| Assets: | |
| | |
| | |
| | |
| |
| Assets held in Trust Account – U.S. government debt securities | |
$ | 105,301,074 | | |
$ | — | | |
$ | — | | |
$ | 105,301,074 | |
| Forward sale securities asset | |
| — | | |
| — | | |
| 1,559,663 | | |
| 1,559,663 | |
| Total | |
$ | 105,301,074 | | |
$ | — | | |
$ | 1,559,663 | | |
$ | 106,860,737 | |
| Description | |
Quoted
Prices in Active Markets
(Level 1) | | |
Significant
Other
Observable
Inputs
(Level 2) | | |
Significant
Other
Unobservable
Inputs
(Level 3) | | |
Total | |
| Assets: | |
| | |
| | |
| | |
| |
| Assets held in Trust Account – U.S. government debt securities | |
$ | 101,976,363 | | |
$ | — | | |
$ | — | | |
$ | 101,976,363 | |
| Total | |
$ | 101,976,363 | | |
$ | — | | |
$ | — | | |
$ | 101,976,363 | |
|
The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2024, and indicates the fair value
hierarchy of the inputs that the Company utilized to determine such fair value.
Description | |
Quoted
Prices in
Active
Markets
(Level 1) | | |
Significant
Other
Observable
Inputs
(Level 2) | | |
Significant
Other
Unobservable
Inputs
(Level 3) | | |
Total | |
| Assets: | |
| | |
| | |
| | |
| |
| Assets held in Trust Account – U.S. government debt securities | |
$ | 101,976,363 | | |
$ | — | | |
$ | — | | |
$ | 101,976,363 | |
| Total | |
$ | 101,976,363 | | |
$ | — | | |
$ | — | | |
$ | 101,976,363 | |
|
| Schedule of Changes in the Fair Value of the Forward Sale Securities |
The following table presents the changes in the
fair value of the forward sale securities for the three and nine months ended September 30, 2025:
| | |
Forward Sale Securities | |
| Fair value at inception | |
$ | — | |
| Change in valuation inputs or other assumptions(1) | |
| — | |
| Fair value as of June 30, 2025 | |
$ | — | |
| Change in valuation inputs or other assumptions(1) | |
| 1,559,663 | |
| Fair value as of September 30, 2025 | |
$ | 1,559,663 | |
| (1) | Changes in valuation inputs or other assumptions are recognized in Change in fair value of forward sale securities in the unaudited condensed consolidated statements of operations. |
|
|