v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended 10 Months Ended
Mar. 31, 2026
Dec. 31, 2025
FAIR VALUE MEASUREMENTS    
Schedule of quantitative information regarding market assumptions used in the valuation of the public warrants

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September 5, 2025

 

Underlying stock price

​

$

9.92

​

Exercise price

​

$

11.50

​

Volatility

​

 

4.0

%

Remaining term (years)

​

 

7.01

​

Risk-free rate

​

 

3.73

%

Black-Scholes value

​

$

1.14

​

Pre-adjusted value per share

​

$

1.14

​

Implied market value adjustment

​

 

21.20

%

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​

​

​

​

​

​

  ​ ​ ​

September 5, 2025

 

Underlying stock price

​

$

9.92

​

Exercise price

​

$

11.50

​

Volatility

​

 

4.0

%

Remaining term (years)

​

 

7.01

​

Risk-free rate

​

 

3.73

%

Black-Scholes value

​

$

1.14

​

Pre-adjusted value per share

​

$

1.14

​

Implied market value adjustment

​

 

21.20

%

Schedule of assets that are measured at fair value on a recurring basis

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Description

  ​ ​ ​

Level

  ​ ​ ​

March 31, 2026

Assets:

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  ​

​

  ​

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Investments held in Trust Account – U.S. Treasury Securities Money Market Fund

 

1

​

$

234,715,684

Liability:

​

​

​

​

​

Subscription agreement liability

​

3

​

$

425,184,274

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Description

  ​ ​ ​

Level

  ​ ​ ​

December 31, 2025

Assets:

 

  ​

 

​

  ​

Investments held in Trust Account – U.S. Treasury Securities Money Market Fund

 

1

​

$

232,809,646

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​

​

​

​

​

​

Description

  ​ ​ ​

Level

  ​ ​ ​

December 31, 2025

Assets:

​

  ​

​

  ​

​

Investments held in Trust Account – U.S. Treasury Securities Money Market Fund

 

1

​

$

232,809,646

​