v3.26.1
SHAREHOLDERS' DEFICIT (Tables)
6 Months Ended 10 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Spring Valley Acquisition III    
Common share capital    
Schedule of assumptions used for calculation of convertible note

  ​ ​ ​

September 5, 2025

 

Underlying stock price

$

9.92

Exercise price

$

11.50

Volatility

 

4.0

%

Remaining term (years)

 

7.01

Risk-free rate

 

3.73

%

Black-Scholes value

$

1.14

Pre-adjusted value per share

$

1.14

Implied market value adjustment

 

21.20

%

  ​ ​ ​

September 5, 2025

 

Underlying stock price

$

9.92

Exercise price

$

11.50

Volatility

 

4.0

%

Remaining term (years)

 

7.01

Risk-free rate

 

3.73

%

Black-Scholes value

$

1.14

Pre-adjusted value per share

$

1.14

Implied market value adjustment

 

21.20

%