Fair Value Measurement |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FAIR VALUE MEASUREMENT | NOTE 8 — FAIR VALUE MEASUREMENT
The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity in accordance with ASC Topic 320 “Investments - Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying condensed balance sheets and adjusted for the amortization or accretion of premiums or discounts.
At September 30, 2025, assets held in the Trust Account were comprised of $942 in cash and $306,165,682 in U.S. Treasury securities. During the three and nine months ended September 30, 2025, the Company did not withdraw any interest income from the Trust Account. The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2025 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. The gross holding loss and fair value of held-to-maturity securities at September 30, 2025 are as follows:
At September 30, 2025 and December 31, 2024, assets held in the Trust Account were comprised of $306,202,278 and $296,736,638, respectively, in marketable securities held in Trust Account. Through September 30, 2025 and December 31, 2024, the Company did not withdraw any amount of interest earned on the Trust Account.
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024:
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