v3.26.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Fair Value of Held-to-Maturity Securities The gross holding gains and fair value of held-to-maturity securities at September 30, 2026 are as follows:

 

    Held to Maturity   Level   Amortized
Cost
    Gross
Holding
Loss
    Fair Value  
September 30, 2026   U.S. Treasury Securities (Matures on 12/10/2026)   1   $ 218,921,358     $ (133,945 )   $ 218,787,414  
Schedule of Initial Measurement of the Over-Allotment Option

The key inputs into the Black-Scholes model were as follows at initial measurement of the over-allotment option:

 

    June 11,
2026
 
Risk-free interest rate     3.69 %
Expected term (years)     0.12  
Volatility     1.67 %
Exercise price     10.00  
Schedule of Quantitative Information Regarding Market Assumptions Used in Valuation of the Public Rights The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Rights:

 

    June 11,
2026
 
Unit price   $ 10.00  
Stock price   $ 9.88  
Pre-adjusted value per Right   $ 1.23  
Market adjustment(1)     10.00 %

 

(1) The Market adjustment reflects additional factors not fully captured by low volatility selection, which may include the likelihood of Business Combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded right prices to simulated model outputs.