FAIR VALUE MEASUREMENTS (Tables)
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9 Months Ended |
12 Months Ended |
Sep. 30, 2025 |
Dec. 31, 2024 |
| FAIR VALUE MEASUREMENTS |
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| Schedule of company's financial assets that are measured at fair value on a recurring basis |
| | | | | | | | | | | | | | | Amount at Fair | | | | | | | | | | Description | | Value | | Level 1 | | Level 2 | | Level 3 | September 30, 2025 | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | Warrant liability – Public Warrants | | $ | 1,725,000 | | $ | — | | $ | 1,725,000 | | $ | — | Warrant liability – Private Placement Warrants | | | 1,072,500 | | | — | | | — | | | 1,072,500 | Total Liabilities | | $ | 2,797,500 | | $ | — | | $ | 1,725,000 | | $ | 1,072,500 |
| | | | | | | | | | | | | | | Amount at Fair | | | | | | | | | | Description | | Value | | Level 1 | | Level 2 | | Level 3 | December 31, 2024 | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | Warrant liability – Public Warrants | | $ | 690,000 | | $ | — | | $ | 690,000 | | $ | — | Warrant liability – Private Placement Warrants | | | 429,000 | | | — | | | — | | | 429,000 | Total Liabilities | | $ | 1,119,000 | | $ | — | | $ | 690,000 | | $ | 429,000 |
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| | | | | | | | | | | | | | | Amount at Fair | | | | | | | | | | Description | | Value | | Level 1 | | Level 2 | | Level 3 | December 31, 2024 | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | Warrant liability – Public Warrants | | $ | 690,000 | | $ | — | | $ | 690,000 | | $ | — | Warrant liability – Private Placement Warrants | | | 429,000 | | | — | | | — | | | 429,000 | Total Liabilities | | $ | 1,119,000 | | $ | — | | $ | 690,000 | | $ | 429,000 |
| | | | | | | | | | | | | | | Amount at Fair | | | | | | | | | | Description | | Value | | Level 1 | | Level 2 | | Level 3 | December 31, 2023 | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | Warrant liability – Public Warrants | | $ | 230,000 | | $ | — | | $ | 230,000 | | $ | — | Warrant liability – Private Placement Warrants | | | 143,000 | | | — | | | — | | | 143,000 | Total Liabilities | | $ | 373,000 | | $ | — | | $ | 230,000 | | $ | 143,000 |
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| Schedule of fair value of the private placement warrants |
| | | | | | | | | | September 30, 2025 | | December 31, 2024 | | Stock price | | $ | 12.20 | | $ | 11.55 | | Exercise price | | $ | 11.50 | | $ | 11.50 | | Dividend yield | | | — | % | | — | % | Expected term (in years) | | | 6.03 | | | 5.78 | | Volatility | | | 2.20 | % | | 3.00 | % | Risk-free rate | | | 3.77 | % | | 4.32 | % | Fair value | | $ | 0.15 | | $ | 0.06 | | Probability of Business Combination | | | 4.90 | % | | 2.3 | % |
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| | | | | | | | | | December 31, 2024 | | December 31, 2023 | | Stock price | | $ | 11.55 | | $ | 11.05 | | Exercise price | | $ | 11.50 | | $ | 11.50 | | Dividend yield | | | — | % | | — | % | Expected term (in years) | | | 5.78 | | | 5.28 | | Volatility | | | 3.00 | % | | 2.80 | % | Risk-free rate | | | 4.32 | % | | 3.77 | % | Fair value | | $ | 0.06 | | $ | 0.02 | | Probability of Business Combination | | | 2.3 | % | | 1.2 | % |
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| Schedule of changes in the fair value of the Company's Level 3 financial instruments that are measured at fair value on a recurring basis |
| | | | Fair value at December 31, 2024 | | $ | 429,000 | Change in fair value of Private Placement Warrants | | | (143,000) | Fair value at March 31, 2025 | | $ | 286,000 | Change in fair value of Private Placement Warrants | | | 286,000 | Fair value at June 30, 2025 | | $ | 572,000 | Change in fair value of Private Placement Warrants | | | 500,500 | Fair value at September 30, 2025 | | $ | 1,072,500 | | | | | Fair value at December 31, 2023 | | $ | 143,000 | Change in fair value of Private Placement Warrants | | | 71,500 | Fair value at March 31, 2024 | | $ | 214,500 | Change in fair value of Private Placement Warrants | | | 357,500 | Fair value at June 30, 2024 | | $ | 572,000 | Change in fair value of Private Placement Warrants | | | — | Fair value at September 30, 2024 | | $ | 572,000 |
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| | | | Fair value at December 31, 2023 | | $ | 143,000 | Change in fair value of Private Placement Warrants | | | 286,000 | Fair value at December 31, 2024 | | $ | 429,000 | | | | | Fair value at December 31, 2022 | | $ | 143,000 | Change in fair value of Private Placement Warrants | | | — | Fair value at December 31, 2023 | | $ | 143,000 |
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