XML 32 R23.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements [Abstract]  
Schedule of Company’s Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024 and indicates the fair value of trading securities as follows.

 

   Level  June 30,
2025
   December 31,
2024
 
Description           
Assets:           
Investments held in Trust Account  1  $42,361,047   $48,084,367 
              
Liabilities:             
Derivative Warrant Liability – Private Warrant  2  $10,300   $17,000 
Schedule of Level 3 Fair Value Measurements Inputs for the Company’s Warrants

The key inputs into the Binomial Model for the Private Warrants were as follows at initial measurement:

 

   March 28,
2023
 
Volatility   9.30%
Stock price  $10.00 
Expected life of the warrants to convert (in years)   5.76 
Risk free rate   3.63%
Dividend yield   0.00%