v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Line Items]  
Schedule of assets held in the Trust Account
The following table presents information about the Company’s assets that are measured at amortized cost on a recurring basis at December 31, 202, which are considered to be Level 1 measurement:
 
    
Amortized
Cost
    
Unrealized
Gain
    
Fair Value
 
December 31, 2025
        
U.S. Treasury Securities (Matured on 01/06/26 and 01/08/26)
   $ 423,689,288      $ 89,942      $ 423,779,230  
Schedule of liabilities held in the Trust Account
The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2025, which are considered to be Level 3 measurement:
 
    
Level
    
Fair Value
 
December 31, 2025
     
Subscription agreement liability
     3      $ 75,630,352  
Schedule of quantitative information regarding market assumptions The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Warrants:
 
    
May 15, 2025
 
Market price of Public Shares
   $ 9.923  
Term (years)
     2.96  
Risk-free rate
     3.95 % 
Volatility
     6.1 % 
Likelihood of completing a business combination
     19.2 % 
Summary of the key inputs into the PWERM model The following inputs were used in the PWERM valuation model to determine the fair value of the BTIG Founder Shares:
 
    
May 13, 2025
 
Restricted term (years)
     2.50  
Risk-free rate
     3.97 % 
Volatility
     6.00 % 
Discount for lack of marketability
     2.20 % 
Summary of the Subscription Agreement Liability
    
Subscription Agreement
Liability
 
Fair value as of September 8, 2025
   $ 6,044,986  
Change in valuation inputs or other assumptions
     69,585,366  
  
 
 
 
Fair value as of December 31, 2025
   $ 75,630,352  
  
 
 
 
Derivative Financial Instruments, Liabilities [Member]  
Fair Value Disclosures [Line Items]  
Summary of the key inputs into the PWERM model
The key inputs into the PWERM model for the subscription agreement liability were as follows:
 
    
September 8,
2025
   
December 31,
2025
 
Market price of Public Shares
   $ 10.20     $ 15.60  
Term (years)
     0.53       0.22  
Risk-free rate
     3.83 %      3.68 % 
Volatility
     8.71 %      107.1 % 
Likelihood of completing a business combination
     95 %      95 %