v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Measurements [Abstract]  
Schedule of Trust Account At December 31, 2024, the Trust Account did not exist.
 
 
  
Fair Value Measured as of December 31, 2025
 
 
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Assets
  
  
  
  
Marketable securities held in Trust Account – U.S. Treasury Securities Money Market Fund
  
$
239,042,295
 
  
$
— 
 
  
$
— 
 
  
$
239,042,295
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Liabilities:
  
  
  
  
PIPE Subscription Agreements liability
  
$
— 
 
  
$
— 
 
  
$
15,274,088
 
  
$
15,274,088
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Schedule of PIPE Subscription Agreements Liability
In order to calculate the fair value of the PIPE Subscription Agreements derivative liability, the Company utilized the following inputs:
 
 
  
November 14,
2025
(Initial
measurement)
 
 
December31,
2025
 
Probability of Business Combination
  
 
85
 
 
90
Underlying Ordinary Share price
  
$
10.32
 
 
$
10.30
 
Term (years)
  
 
0.54
 
 
 
0.41
 
Risk-free rate
  
 
3.79
 
 
3.62
Volatility
  
 
12.70
 
 
4.60
Schedule of Fair Value of PIPE Subscription Agreements Derivative Liability
The following table presents the changes in the fair value of the PIPE Subscription Agreements derivative liability:
 
 
  
PIPE
Subscription
Agreements
 
Fair value as of November 14, 2025 (initial measurement)
  
$
15,582,052
 
Change in fair value
  
 
(307,964
  
 
 
 
Fair value as of December 31, 2025
  
$
15,274,088