v3.25.4
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2025
FAIR VALUE MEASUREMENTS  
Schedule of assets that are measured at fair value

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December 31, 

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December 31, 

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Level

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2025

​

2024

Assets:

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Investments held in Trust Account

 

1

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$

241,188,555

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$

201,317,274

Liability:

 

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  ​

Fair value of over-allotment option liability

 

3

​

$

—

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$

279,159

Schedule of quantitative information used in valuation

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January 27,

 

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2025

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Risk-free interest rate

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4.44

%

Expected term (years)

 

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0.01

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Expected volatility

 

​

7.91

%

Exercise price

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$

10.00

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December 31, 

 

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2024

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Risk-free interest rate

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4.40

%

Expected term (years)

 

​

0.08

​

Expected volatility

 

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7.91

%

Exercise price

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$

10.00

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December 16,

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2024

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Estimated share price

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$

9.90

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Exercise price

 

$

11.50

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Term (years)

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2.61

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Annual risk-free rate

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4.23

%

Annual volatility after expected Business Combination date

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5.1

%

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