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FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 8. FAIR VALUE MEASUREMENTS

The fair value of the Public Warrants issued in the Initial Public Offering is $2,328,750, or $0.27 per Public Warrant. The fair value of the Public Warrants was determined using a call option pricing analysis under the Black-Scholes model (Level 3). The Public Warrants issued in the Initial Public Offering have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants issued in the Initial Public Offering as of May 2, 2025:

Schedule of Public Warrants issued in the Initial Public Offering
Traded price of Unit		$	10.00
Expected term to De-SPAC (years)			1.0
Probability of De-SPAC			20.0	%
Risk-free rate			3.98	%
Industry volatility			22.6	%

The fair value of the Representative Shares issued at the closing of the Initial Public Offering is $322,575, or $1.87 per Representative Share. The fair value of the Representative Shares was determined using the Black-Scholes model (Level 3). The Representative Shares issued at the closing of the Initial Public Offering have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Representative Shares issued at the closing of the Initial Public Offering as of May 2, 2025:

Schedule of Shares issued at the closing of the Initial Public Offering
Traded price of Class A ordinary share		$	10.00
Expected term to De-SPAC (years)			1.0
Probability of De-SPAC			20.0	%
Risk-free rate			3.88	%
Restriction period post De-SPAC (years)			0.5
Industry volatility			17.9	%
Discount for lack of marketability			3.0	%

The following table presents information about the Company’s assets that are measured at fair value as of June 30, 2025 (none as of December 31, 2024), and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Schedule of fair value hierarchy of the valuation inputs
		As of June 30, 2025				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account		$	174,477,753			$	174,477,753			$	-			$	-

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- References

No definition available.

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- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/820/tableOfContent

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