FAIR VALUE MEASUREMENTS - Fair value of private placement warrants (Details) - Level 3 - Private Placement Warrants |
Jun. 30, 2026
$ / shares
Y
|
Dec. 31, 2025
Y
$ / shares
|
|---|---|---|
| Stock price | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | 12.06 | 12.06 |
| Exercise price | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | 11.5 | 11.5 |
| Expected term (in years) | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | Y | 5.28 | 5.78 |
| Volatility | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | 0.022 | 0.022 |
| Risk-free rate | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | 0.0412 | 0.0374 |
| Fair value | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | 0.02 | 0.15 |
| Probability of Business Combination | ||
| FAIR VALUE MEASUREMENTS | ||
| Derivative liability measurement input | 0.0007 | 0.054 |