FAIR VALUE MEASUREMENTS |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE MEASUREMENTS [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE MEASUREMENTS | NOTE 10 - FAIR VALUE MEASUREMENTS
The fair value of the $178,380,953 cash held in trust is measured under Level 1 in the fair value hierarchy.
The fair value of the Public and Private Warrants is measured under Level 3 in the fair value hierarchy as of July 10, 2025. The fair value of Public Warrants was determined using Black-Scholes Simulation Model. The
expected term of the warrant is based on the actual term of the warrant in the event of a successful business combination. The probability of an initial business combination is based on historical data from SPACs that have successfully completed an
initial public offering and then gone on to complete a business combination. The volatility is based on historical volatility of comparable publicly traded SPACs.
The Public Warrants have been classified within shareholders’ equity and will not require remeasurement after issuance.
The market assumptions used to determine fair value as follows:
The fair value of the Public and Private Rights is measured under Level 3 in the fair value hierarchy as of July 10, 2025. The fair value of Public Rights was determined using Black-Scholes Simulation Model. The expected
term of the right is based on the actual term of the right in the event of a successful business combination. The probability of an initial business combination is based on historical data from SPACs that have successfully completed an initial
public offering and then gone on to complete a business combination. The volatility is based on historical volatility of comparable publicly traded SPACs.
The Public Rights have been classified within shareholders’ equity and will not require remeasurement after issuance.
The market assumptions used to determine fair value as follows:
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