FAIR VALUE MEASUREMENTS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE MEASUREMENTS | NOTE 9. FAIR VALUE MEASUREMENTS
The fair value of the Public Rights issued in the Initial Public Offering is $3,046,875, or $ per Public Right. The fair value of the Public Rights was determined using the Black-Scholes model, which is a Level 3 measurement. The Public Rights issued in the Initial Public Offering have been classified within shareholders’ equity and will not require remeasurement.
The assumptions used to determine the fair value of the Public Rights are as follows:
The fair value of the underwriters’ over-allotment option issued in the Initial Public Offering is $203,639. The fair value of the underwriters’ over-allotment option was determined using the Black-Scholes model, which is a Level 3 measurement.
The assumptions used to determine fair value of the underwriters’ over-allotment option are as follows:
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