v3.26.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 8 – Fair Value Measurements

 

Since April 24, 2024, the funds in the Trust Account were held in an interest-bearing deposit account which is cash and cash equivalent, which are excluded from leveling. The following table presents information about the Company’s financial liabilities that are measured at fair value on a recurring basis as of March 31, 2025 by level within the fair value hierarchy:

 

   Level 1   Level 2   Level 3 
Liabilities:            
Public Warrants  $
—
   $1,911,875   $
—
 
Private Placement Warrants  $
—
   $1,929,688   $
—
 

 

Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period.

The table below shows the change in fair value of the warrant liabilities as of March 31, 2025 and 2024:

 

   Public
Warrants		   Private
Placement
Warrants		   Total 
             
Fair value at January 1, 2025  $100,625   $101,562   $202,187 
Change in fair value   1,811,250    1,828,126    3,639,376 
Fair value as of March 31, 2025  $1,911,875   $1,929,688   $3,841,563 

 

   Public
Warrants		   Private
Placement
Warrants		   Total 
             
Fair value at January 1, 2024  $806,406   $811,094   $1,617,500 
Change in fair value   (501,719)   (509,218)   (1,010,937)
Fair value as of March 31, 2024  $301,875   $304,688   $606,563 

 

The following table presents information about the Company’s financial liabilities that are measured at fair value on a recurring basis as of March 31, 2024 by level within the fair value hierarchy:

 

   Level 1   Level 2   Level 3 
Liabilities:            
Public Warrants  $
—
   $301,875   $
—
 
Private Placement Warrants  $
—
   $304,688   $
—