v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Assets Held in Trust Account

As of June 30, 2026, assets held in the Trust Account were comprised of $340 in cash and $420,735,420 invested in U.S. Treasury Bills, whose fair value is considered to be a Level 1 measurement.

 

    Amortized
Cost
    Unrealized
Loss
    Fair Value  
June 30, 2026                  
U.S. Treasury Securities (Mature on 9/17/26)   $ 420,879,491     $ (144,071 )   $ 420,735,420  
                         

 

As of December 31, 2025, assets held in the Trust Account were comprised of $676 in cash and $414,429,619 invested in U.S. Treasury Bills.

 

    Amortized
Cost
    Unrealized
Loss
    Fair Value  
December 31, 2025                  
U.S. Treasury Securities (Mature on 4/14/26 and 6/18/26)   $ 414,549,106     $ (119,487 )   $ 414,429,619  
                         
Schedule of PWERM Model for the Subscription Agreement Liability

The key inputs into the PWERM model for the subscription agreement liability were as follows:

 

    June 24,
2026
    June 30,
2026
 
Market price of Public Shares   $ 11.99     $ 17.45  
Term (years)     0.44       0.42  
Risk-free rate     3.92 %     3.96 %
Volatility     2.8 %     2.8 %
Likelihood of completing a business combination     90 %     90 %

 

    Subscription Agreement
Liability
 
Fair value as of June 24, 2026   $ 39,072,918  
Change in valuation inputs or other assumptions     98,699,277  
Fair value as of June 30, 2026   $ 137,772,195