FAIR VALUE MEASUREMENTS |
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| FAIR VALUE MEASUREMENTS | NOTE 8. FAIR VALUE MEASUREMENTS
The fair value of the public warrants is $1,855,333 or $0.24 per public warrant. The fair value of public warrants was determined using . The public warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the public warrants:
At March 31, 2026, assets held in the Trust Account were comprised of $234,715,684 in money market funds which are invested primarily in U.S. Treasury Securities. The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
The subscription agreement liability was accounted for as a liability in accordance with ASC 815-40 and is presented on the condensed consolidated balance sheets as of March 31, 2026. The subscription agreement liability is measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of subscription agreement liability in the condensed consolidated statement of operations. The value of the subscription agreement at January 21, 2026 (inception of subscription agreement) and March 31, 2026 was determined to be immaterially different, as such the Company has not presented a change in fair value within the accompanying condensed consolidated statement of operations. The subscription agreement contains both series A preferred shares and warrants. The warrants were valued using a Monte Carlo Simulation which is a Level 3 fair value measurement. To value the series A preferred shares a Lattice Model was which is a Level 3 fair value measurement. The key inputs into the Monte Carlo Simulation for the warrants contained within the subscription agreement liability were as follows:
The key inputs into the Lattice Model for the series A preferred shares contained within the subscription agreement liability were as follows:
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