XML 35 R24.htm IDEA: XBRL DOCUMENT v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Black-Scholes Model Initial Measurement of Over-Allotment Option

The key inputs into the Black-Scholes model were as follows at initial measurement of the over-allotment option on June 10, 2026 and at the reporting period ended June 30, 2026:

 

    June 30,     June 10,  
    2026     2026  
Volatility     1.67 %     1.67 %
Expected term (years)     0.06       0.12  
Daily treasury yield curve     3.69 %     3.70 %
Exercise price   $ 10     $ 10  
Fair value of over-allotment unit   $ 0.03     $ 0.05  
Over-allotment option     400,000       3,000,000  
The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants issued in the Initial Public Offering and the exercise of the Over-Allotment Option:
    June 10,
2026		  
Implied Class A share price   $ 9.84  
Exercise price   $ 11.50  
Simulation term (years)     7.00  
Risk-free rate (continuous)     4.34 %
Selected volatility     22.50 %
Probability of de-SPAC and market adjustment     18.00 %
Expected term to de-SPAC (years)     2.00  
Number of trading days at or over redemption trigger price     20/30  
Schedule of Assets that are Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s assets and liability that are measured at fair value on a recurring basis as of June 30, 2026, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description   Level   June 30,
2026		  
Assets:          
Cash and investments held in Trust Account   1   $ 226,409,073  
Liability:            
Over-allotment liability   3   $ 12,300  
Schedule of Changes in the Fair Value of Over-Allotment Option Liabilities Classified as Level 3 in the Fair Value Hierarchy

The following table presents the changes in the fair value of over-allotment option liabilities classified as Level 3 in the fair value hierarchy as of June 30, 2026 and June 10, 2026:

 

    Over-allotment option  
Fair value as of June 10, 2026   $ 157,600  
Partial exercise of over-allotment option     (136,600 )
Changes in fair value of over-allotment liability     (8,700 )
Fair value as of June 30, 2026   $ 12,300