v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE MEASUREMENTS  
Schedule of company's financial assets that are measured at fair value on a recurring basis

  ​ ​ ​

Amount at Fair 

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Description

Value

Level 1

Level 2

Level 3

June 30, 2026

  ​

  ​

  ​

  ​

Liabilities

 

 

 

 

Warrant liability – Public Warrants

$

230,000

$

$

230,000

$

Warrant liability – Private Placement Warrants

143,000

143,000

Total Liabilities

$

373,000

$

$

230,000

$

143,000

  ​ ​ ​

Amount at Fair 

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Description

Value

Level 1

Level 2

Level 3

December 31, 2025

  ​

  ​

  ​

  ​

Liabilities

 

 

 

  ​

 

  ​

Warrant liability – Public Warrants

$

1,725,000

$

$

1,725,000

$

Warrant liability – Private Placement Warrants

1,072,500

1,072,500

Total Liabilities

$

2,797,500

$

$

1,725,000

$

1,072,500

Schedule of fair value of the private placement warrants

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Stock price

$

12.06

$

12.06

Exercise price

$

11.50

$

11.50

Dividend yield

%

%

Expected term (in years)

5.28

 

5.78

Volatility

2.2

%

 

2.20

%

Risk-free rate

4.12

%

3.74

%

Fair value

$

0.02

$

0.15

Probability of Business Combination

0.07

%

5.40

%

Schedule of changes in the fair value of the Company's Level 3 financial instruments that are measured at fair value on a recurring basis

Fair value at December 31, 2025

  ​ ​ ​

$

1,072,500

Change in fair value of Private Placement Warrants

(715,000)

Fair value at March 31, 2026

$

357,500

Change in fair value of Private Placement Warrants

(214,500)

Fair value at June 30, 2026

$

143,000

Fair value at December 31, 2024

$

429,000

Change in fair value of Private Placement Warrants

(143,000)

Fair value at March 31, 2025

$

286,000

Change in fair value of Private Placement Warrants

286,000

Fair value at June 30, 2025

$

572,000