v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements [Abstract]  
Schedule of Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025 and indicate the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
March 31, 2026                
Assets                
Cash held in Trust Account:                
Interest-bearing demand deposit  $497,828   $497,828   $
   $
 
Liabilities                    
Warrant liability – Founder Warrants  $390,792   $
   $
   $390,792 
Warrant liability – Private Placement Warrants  $47,863   $
   $
   $47,863 
Warrant liability – Public Warrants  $1,516,084   $
   $1,516,084   $
 
December 31, 2025                    
Assets                    
Cash held in Trust Account:                    
Interest-bearing demand deposit  $494,421   $494,421   $
   $
 
Liabilities                    
Warrant liability – Founder Warrants  $1,337,166   $
   $
   $1,337,166 
Warrant liability – Private Placement Warrants  $163,774   $
   $
   $163,774 
Warrant liability – Public Warrants  $5,085,000   $
   $5,085,000   $
 
Schedule of Quantitative Information Regarding the Warrant Liability Level 3 Fair Value Measurements

The following table provides quantitative information regarding the warrant liability Level 3 fair value measurements:

 

   March 31,   December 31, 
   2026   2025 
Trading stock price  $11.72   $11.64 
Exercise price  $11.50   $11.50 
Expected term (in years)   5.16    5.13 
Volatility   10.0%   12.5%
Risk-free rate   3.86%   3.68%
Market adjustment   6.6%   22.4%
Estimated merger date   May 29, 2026    February 15, 2026 
Schedule of Changes in Fair Value of the Level 3 Warrant Liabilities

The following table presents changes in fair value of the Level 3 warrant liabilities :

 

   Founder   Private   Total 
   Warrant   Warrant   Warrant 
   Liabilities   Liabilities   Liabilities 
Fair value as of December 31, 2025  $1,337,166   $163,774   $1,500,940 
Change in fair value   (946,374)   (115,911)   (1,062,285)
Fair value as of March 31, 2026  $390,792   $47,863   $438,655 
   Founder   Private   Total 
   Warrant   Warrant   Warrant 
   Liabilities   Liabilities   Liabilities 
Fair value as of December 31, 2024  $423,750   $51,900   $475,650 
Change in fair value   (7,062)   (865)   (7,928)
Fair value as of March 31, 2025  $416,687   $51,035   $467,723