v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
May 31, 2026
Fair Value Measurements [Abstract]  
Schedule of Assets Measured at Fair Value

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at May 31, 2026 and November 30, 2025 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description   Level     May 31,
2026
    November 30,
2025
 
Assets:                  
Cash and investments held in Trust Account     1     $ 233,536,448     $  
Schedule of Fair Value Assumptions The Public Rights were classified within Level 3 of the fair value hierarchy at the measurement date due to the use of unobservable inputs inherent in assumptions related to the market adjustments as noted below. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Rights:

 

    December 18,
2025
 
Unit price   $ 9.95  
Stock price   $ 9.80  
Pre-adjusted value per right   $ 0.98  
Market adjustment(1)     15.13 %

 

(1) The Market adjustment reflects additional factors, which may include the likelihood of Business Combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded Public Right prices to simulated model outputs. The market adjustment was determined by calibrating traded Public Rights prices as of the valuation dates.