v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements [Abstract]  
Schedule of Trust Account For the three months ended March 31, 2026, the Company did not withdraw any of the interest earned on the Trust Account.
    Fair Value Measured as of March 31, 2026  
    Level 1     Level 2     Level 3     Total  
Assets                        
Marketable securities held in Trust Account – U.S. Treasury Securities Money Market Fund   $ 241,144,179     $     $     $ 241,144,179  
Liabilities:                                
PIPE Subscription Agreements liability   $     $     $ 16,539,057     $ 16,539,057  

 

At December 31, 2025, assets held in the Trust Account were comprised of $239,042,295 in a mutual fund that is invested primarily in Treasury securities. For the year ended December 31, 2025, the Company did not withdraw any of the interest earned on the Trust Account.

 

    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:

 

    March 31, 2026     December 31,
2025
 
Probability of Business Combination     95 %     90 %
Underlying Ordinary Share price   $ 10.40     $ 10.30  
Term (years)     0.21       0.41  
Risk-free rate     3.74 %     3.62 %
Volatility     1.50 %     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  
Change in fair value     1,264,969  
Fair value as of March 31, 2026   $ 16,539,057