v3.26.3
Fair Value Measurements
 9 Months Ended
Sep. 30, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurements
Note 9 – Fair Value Measurements

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date.

Recurring Fair Value Measurements

The following tables present information about the Company’s recurring fair value measurements as of September 30, 2026 and December 31, 2025, and indicate the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:


  
Level
    
September 30,
2026
  

           
Assets:
  
   
 
Cash and marketable securities held in Trust Account
    
1
    
$
236,750,407
  


 
Level
    
December 31,
2025
  

       
 
Assets:
  
   
 
Cash and marketable securities held in Trust Account
    
1
    
$
230,640,427
  

Non- Recurring Fair Value Measurements

Upon consummating the Initial Public Offering on December 4, 2025, the Public Warrants were valued using a Black-Scholes Simulation Model, resulting in a fair value of $3,913,914. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants:


  
December 4,
2025
  
Implied ordinary share price
  
$
9.82
  
Exercise price
  
$
11.50
  
Simulation term (years)
    
7.00
  
Risk-free rate
    
3.87
%
Estimated implied volatility
    
2.10
%
Market adjustment
    
32.19
%
Calculated value per warrant
  
$
0.34