STOCK AWARDS |
12 Months Ended |
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Dec. 31, 2025 | |
| Share-Based Payment Arrangement [Abstract] | |
| STOCK AWARDS |
During the year ended December 31, 2024, the Sponsor assigned Class A non-redeemable shares (founder shares) to directors. The stock awards were valued at $ and are reflected in the financial statements as stock based compensation and included in operating expenses, with a corresponding amount as a capital contribution to additional paid in capital. The shares have an implied value of $ per share, or an aggregate of $. The $ value was determined based on a market approach methodology with a probability of acquisition assessment, using a stock price at the measurement date of $ and assigning a probability of acquisition of %.
There were no stock awards assigned for the year ended December 31, 2025.
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