v3.26.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Valuation of Public Warrants The following table presents the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants at December 31, 2025:

 

 

 

December 31, 2025

Class A ordinary share price

 

$

10.25

 

 

Exercise price

 

$

11.5

 

 

Simulation term (years)

 

 

2.8

 

 

Risk-free rate (continuous)

 

 

3.5

 

%

Selected volatility

 

 

 

15.00

 

%

Schedule of Assets Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2026 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2

inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability.

 

 

 

March 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Investments held in Trust Account

 

$

 

370,939,623

 

 

$

 

370,939,623

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Public warrants

 

$

 

5,023,200

 

 

$

 

5,023,200

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Investments held in Trust Account

 

$

 

367,742,183

 

 

$

 

367,742,183

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Public warrants

 

$

 

8,162,700

 

 

$

 

 

 

$

 

 

 

$

 

8,162,700

 

Schedule of Transfer to or From Levels

Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. Transfers can be found in the following table:

 

Public Warrants

 

Level

 

 

Value

 

Fair Value at 12/31/2025

 

3

 

$

 

8,162,700

 

Change in Fair Value

 

 

 

 

 

(3,139,500

)

Fair Value at 3/31/2026

 

1

 

 

 

5,023,200