v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE MEASUREMENTS  
Schedule of quantitative information regarding market assumptions used in the Level 3 valuation of the PIPE subscription

  ​ ​ ​

April 20, 2026

  ​ ​ ​

June 30, 2026

Expected term to De-SPAC (Years)

0.4

0.3

Warrant term

5.0

5.0

Probability of De-SPAC and Market Adjustment

64.0

%  

73.0

%

Forward Risk-Free Rate (Continuous

3.88

%  

4.18

%

Volatility

19.5

%  

40.0

%

Redemption trigger price

$

35.00

$

35.00

Floor price

$

7.28

$

7.28

Schedule of summary of the changes in the fair value of PIPE Subscription, a Level 3 financial instrument

Fair value at April 20, 2026

  ​ ​ ​

$

100,000,000

Change in fair value of PIPE Subscription derivative liability

37,942,000

Fair value at June 30, 2026

$

137,942,000