v3.26.1
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2025
RELATED PARTY TRANSACTIONS  
Schedule of the quantitative information regarding market assumptions in the valuation of the founder shares

  ​ ​ ​

August 19,

 

2024

 

Underlying share price

$

9.98

Exercise price

$

11.50

Term (years) 

 

6.51

Risk-free rate

 

3.77

%

Volatility

 

9.0

%

Market probability risk factor

 

3.0

%

Sponsor | Founder shares  
RELATED PARTY TRANSACTIONS  
Schedule of the quantitative information regarding market assumptions in the valuation of the founder shares

  ​ ​ ​

July 25, 2025

 

Underlying share price

$

10.66

Risk-free rate

 

3.91

%

Volatility

 

8.7

%

Term

 

5.39

Implied market adjustment

 

49.7

%

Fair value per Founder Share

$

5.30