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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
FAIR VALUE MEASUREMENTS |
Schedule of quantitative information regarding market assumptions used for valuation of the public warrants | ​
​ | ​ | ​ | ​ | ​
​ |  | May 5, 2025 |
Volatility |  | ​ | 5.7 | %
Risk free rate |  | ​ | 3.79 | %
Market implied likelihood of completing a Business Combination |  | ​ | 17.2 | %
Share price | ​ | $ | 9.886 | ​
Weighted terms (Yrs) | ​ |  | 2.86 | ​
Schedule of criteria for determination of market implied likelihood of completing a business combination | ​
​ | ​ | ​ | ​ | ​
Criteria |  | Low |  | High
IPO proceeds ($M) | ​ | 55 | ​ | 250
Warrant coverage |  | — |  | 1
Rights coverage (per unit) |  | 0.05 |  | 0.20
Remaining months to complete |  | 9 |  | 22
​

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