Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurements (Tables)

v3.25.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Measurements [Abstract]  
Schedule of Company’s Assets that are Measured at Fair Value

The following tables present information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2024 and 2023, and indicate the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

Description   Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Liabilities:                  
Non-redemption agreements derivative liability   $
    $
    $ 8,886,828  

 

December 31, 2023

 

Description   Quoted
Prices in
Active
Markets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Other
Unobservable
Inputs
(Level 3)
 
Liabilities:                  
Non-redemption agreements derivative liability   $
    $
    $ 6,646,080  
Schedule of Non-Redemption Agreements Derivative Liability The key inputs used in the estimate of the Non-Redemption Agreements derivative liability were as follows:
Input   December 31,
2024
    May 17,
2024
    December 31,
2023
 
Market price of Class A common stock   $ 10.81     $ 10.82       10.72  
Risk-free rate    
 n/a 
      4.98 %     4.56 %
Volatility    
 n/a 
      34.8 %     39.9 %
Term    
 n/a 
      1.51       1.41  
Probability of successful business combination     50.0 %     50.0 %     50.0 %
Discount for lack of marketability    
 n/a
%     9.0 %     9.9 %
Threshold price   $
n/a
    $ 12.00       12.00  
Schedule of Table Presents the Changes in the Fair Value of the Non-Redemption Agreements

The following table presents the changes in the fair value of the Non-Redemption Agreements derivative liability:

 

Fair value as of December 31, 2022   $
 
Initial measurement     3,533,440  
Change in valuation inputs or other assumptions     3,112,640  
Fair value as of December 31, 2023   $ 6,646,080  

 

Change in valuation inputs or other assumptions     928,751  
Initial fair value of non-redemption agreement dated May 17, 2024     1,311,997  
Fair value as of December 31, 2024   $ 8,886,828