v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Line Items]  
Schedule of Assets and Liabilities

The following table presents information about the Company’s assets and liabilities that are measured at fair value as of June 30, 2026 and December 31, 2025, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: 

 

Description  Level   June 30,
2026		   December 31,
2025		 
Liabilities:            
Derivative liability – Private Warrants  3   $1,913,375   $1,557,475 
Derivative liability – Public Rights  1   $3,220,000   $2,760,000 
Schedule of Changes in Fair Value

The following table presents the changes in the fair value of Level 3 public rights liabilities as of December 31, 2025:

 

Fair value as of January 1, 2025  $
—
 
Initial Fair Value at July 16, 2025   1,930,850 
Change in fair value   829,150 
Transfer of public rights to level 1   (2,760,000)
Fair value as of December 31, 2025  $
—
 
Schedule of Warrant Liability is Measured at Fair Value

The fair value of Class B.1 and Class B.2 Private Warrants was determined using the Monte Carlo Simulation Model and Black-Scholes-Merton, respectively. The Level 3 private warrants were accounted for as liabilities in accordance with ASC 815-40 and are presented within derivative liability – private warrants in the accompanying unaudited condensed balance sheets. The derivative liability – private warrant is measured at fair value at inception and on a recurring basis, with changes in fair value presented within the statements of operations. 

 

   Redeemable   Non-Redeemable 
Fair value as of December 31, 2025  $1,018,575   $538,900 
Change in fair value   (134,550)   (108,200)
Fair value as of March 31, 2026   884,025    430,700 
Change in fair value   348,750    249,900 
Fair value as of June 30, 2026  $1,232,775   $680,600 
Public Rights [Member]  
Fair Value Measurements [Line Items]  
Schedule of Market Assumptions Valuation Public Rights and Private Warrants

The following table presents the quantitative information regarding market assumptions used in the valuation of the public rights:

 

   July 16,
2025		 
Unit offering price  $10.04 
Estimated probability of business combination   17.00%
Right % of whole share   10.00%
Implied value of Share Right  $0.17 
Implied value of underlying share  $9.87 
Private Warrants [Member]  
Fair Value Measurements [Line Items]  
Schedule of Market Assumptions Valuation Public Rights and Private Warrants

The following table presents the quantitative information regarding market assumptions used in the valuation of the private warrants:

 

   December 31, 2025   June 30, 2026 
   Class B.1
Warrant		   Class B.2
Warrant		   Class B.1
Warrant		   Class B.2
Warrant		 
Implied share price  $10.07   $10.07   $10.27   $10.27 
Strike price  $11.50   $11.50   $11.50   $11.50 
Term to end-of-search period + 5Y (years)   6.04    6.04    5.54    5.54 
Estimated volatility   18.83%   18.83%   20.74%   20.74%
Term-matched risk-free rate (continuous)   3.80%   3.80%   4.18%   4.18%
Redemption price  $18.00    
—
   $18.00    
—
 
Average present value of warrant  $1.90    
—
   $2.01    
—
 
BSM warrant price   
—
   $2.26    
—
   $2.50 
Estimated probability of business combination   21.83%   23.83%   27.26%   27.26%
Probability-weighted BSM warrant price  $0.45   $0.54   $0.55   $0.68