v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 8 — Fair Value Measurements

 

The fair value of the Company’s financial assets and liabilities reflects Management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

 

  Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
     
  Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.
     
  Level 3: Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

 

   Level  June 30,
2026		 
Assets:        
Marketable securities held in Trust Account  1  $242,070,218 

 

   Level  December 31,
2025		 
Assets:       
Marketable securities held in Trust Account  1  $237,854,908 

 

The fair value of the Public Rights issued in the Initial Public Offering was $4,140,000, or $0.18 per Public Right. The fair value of the Public Rights was determined using a discounted cash-flow model and was classified as a Level 3 fair value measurement due to the use of significant unobservable inputs. The Public Rights issued in the Initial Public Offering have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding the significant unobservable inputs used in the valuation of the Public Rights issued in the Initial Public Offering:

 

   March 3,
2025		 
Traded price of Unit  $10.01 
Expected term to de-SPAC (years)   2.0 
Probability of de-SPAC and instrument-specific market adjustment   17.9%
Risk-free rate (continuous)   3.92%