v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE 8: FAIR VALUE MEASUREMENTS

 

The fair value of the Public Rights issued in the Initial Public Offering and the exercise of the Over-Allotment Option is $5,207,200, or $0.283 per Public Right. The Public Rights have been classified within shareholders’ deficit and will not require remeasurement after issuance. The Public Rights were classified within Level 3 of the fair value hierarchy at the measurement dates due to the use of unobservable inputs inherent in assumptions related to the market adjustments as noted below. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Rights:

 

   May 22,
2026(1)		 
Term (years)   1.34 
Risk-free rate   3.95%
Volatility   10.5%
Implied discount for lack of marketability   2.8%

 

(1)Values as of May 22, 2026 were deemed to be a reasonable approximation of those as of May 27, 2026, the date of the Over-Allotment Option exercise, because the change in the trading price of the Company’s units between the two dates was not significant and did not result in material change in the estimated fair value of the Public Rights.

 

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

   As of
June 30,
2026		   Quoted
Prices in
Active
Markets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
Assets:                
Cash and investments held in Trust Account  $185,557,136   $185,557,136   $
-
   $
-
 

 

   As of
December 31,
2025		   Quoted
Prices in
Active
Markets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
Assets:                
Cash and investments held in Trust Account  $
-
   $
-
   $
-
   $
-