XML 32 R21.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Schedule of Fair Value on a Recurring Basis

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2025:

 

   March 31,
2025
   Quoted Prices
Active Markets
(Level 1)
   Significant Other
Observable Inputs
(Level 2)
   Significant Other
Unobservable Inputs
(Level 3)
 
Assets:                
Marketable Securities Held in Trust Account  $237,787,030   $237,787,030   $
   $
 

 

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024:

 

   December 31,
2024
   Quoted Prices
Active Markets
(Level 1)
   Significant Other
Observable Inputs
(Level 2)
   Significant Other
Unobservable Inputs
(Level 3)
 
Assets:                
Marketable Securities Held in Trust Account  $235,322,812   $235,322,812   $
   $
 
Schedule of Market Assumptions Used in the Valuation The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Warrants:
    July 11, 
2024
 
Calculated Share Price   $ 9.91  
Weighted-Average Expected Life of Warrants in Years     2.97  
Risk-free rate     4.39 %
Pre-Business Combination Annual Volatility     2.0 %
Post-Business Combination Annual Volatility     33.0 %
Market Pricing Adjustment     19.0 %
The following table presents the quantitative information regarding market assumptions used in the Founder Shares valuation:
    April 18,
2024
 
Discount for probability of failure to complete IPO   $ 10.0 %
Market pricing adjustment     87.0 %
Discount for expected forfeiture     15.0 %