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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Measurements [Abstract]

Schedule of Company’s Assets and Liabilities that are Measured at Fair Value

The following tables present information about the Company’s assets and liabilities that are measured at fair value on December 31, 2024 and 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

		December 31, 2024			Quoted Prices In Active Markets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Assets:
Cash and marketable securities held in trust		$	8,330,835		$	8,330,835		$	—		$	—
Liabilities:
Warrant liabilities – Public Warrants		$	379,500		$	—		$	379,500		$	—
Warrant liabilities – Private Placement Warrants			293,900			—			—			293,900
Warrant liabilities – Representative’s Warrants			22,770			—			—			22,770
Convertible promissory note			8,908,052			—			—			8,908,052
Total		$	9,604,222		$	—		$	379,500		$	9,224,722

		December 31, 2023			Quoted Prices In Active Markets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Assets:
Cash and marketable securities held in trust		$	10,873,406		$	10,873,406		$	—		$	—
Liabilities:
Warrant liabilities – Public Warrants		$	85,388		$	85,388		$	—		$	—
Warrant liabilities – Private Placement Warrants			66,128			—			—			66,128
Warrant liabilities – Representative’s Warrants			5,123			—			—			5,123
Convertible promissory note			944,118			—			—			944,118
Total		$	1,100,757		$	85,388		$	—		$	1,015,369

Schedule of Inputs into the Monte Carlo Simulation for the Warrant Liabilities and Convertible Promissory Note

The key inputs into the Monte Carlo simulation model for the warrant liabilities were as follows at December 31, 2024 and 2023:

		December 31, 2024				December 31, 2023
Input
Risk-free interest rate			4.18	%			5.06	%
Expected term (years)			0.89				0.71
Expected volatility			De minimis	%			De minimis	%
Exercise price		$	11.50			$	11.50
Fair value of Common stock		$	12.12			$	11.16

The key inputs into the Monte Carlo simulation model for the convertible promissory note were as follows at December 31, 2024 and 2023:

		December 31, 2024				December 31, 2023
Input
Risk-free interest rate			4.18	%			5.48	%
Expected term (years)			0.27				0.19
Expected volatility			De minimis	%			De minimis	%
Exercise price		$	11.50			$	11.50
Fair value of Common stock		$	12.12			$	11.16

Schedule of Level 3 Financial Instruments that are Measured at Fair Value on a Recurring Basis

The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis for the years ended December 31, 2024 and 2023:

		Private Placement Warrants			Representative’s Warrants			Warrant Liability
Fair value at December 31, 2023		$	66,128		$	5,123		$	71,251
Change in fair value of warrant liabilities			227,772			17,647			245,419
Fair value at December 31, 2024		$	293,900		$	22,770		$	316,670

		Private Placement Warrants				Representative’s Warrants				Warrant Liability
Fair value at December 31, 2022		$	377,857			$	29,274			$	407,131
Change in fair value of warrant liabilities			(311,729	)			(24,151	)			(335,880	)
Fair value at December 31, 2023		$	66,128			$	5,123			$	71,251

Schedule of Convertible Promissory Note

		Convertible Promissory Note
Fair value at December 31, 2023		$	944,118
Principal borrowing			797,981
Change in fair value of convertible promissory note			7,165,953
Fair value at December 31, 2024		$	8,908,052

		Convertible Promissory Note
Fair value at December 31, 2022		$	—
Principal borrowing			1,121,815
Change in fair value of convertible promissory note			(177,697	)
Fair value at December 31, 2023		$	944,118

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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-Topic 820
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-Name Accounting Standards Codification
-Section 55
-Paragraph 103
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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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-Topic 820
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Tabular disclosure of derivative liabilities at fair value.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Topic 820
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-Name Accounting Standards Codification
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