Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Assets Held in Trust Account

At March 31, 2026, assets held in the Trust Account were comprised of $284,847,198 in money market funds which are invested primarily in U.S. government treasure securities. Through March 31, 2026, the Company did not withdraw interest earned on the Trust Account.

	Level		March 31, 2026		December 31, 2025
Assets:
Investments held in Trust Account		1	$	284,847,198	$	—

Schedule of Monte Carlo Simulation Model

The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Warrants:

	February 20, 2026
Underlying share price	$	9.94
Exercise price	$	11.50
Volatility		5.00	%
Probability of De-SPAC and market adjustment		28.50	%
Risk-free rate		3.78	%
Expected term (years)		2.00
Warrant term (years)		7.00

	March 5, 2026
Underlying share price	$	9.94
Exercise price	$	11.50
Volatility		5.00	%
Probability of De-SPAC and market adjustment		28.50	%
Risk-free rate		3.78	%
Expected term (years)		2.00
Warrant term (years)		7.00

The following table presents the quantitative information regarding market assumptions used in the valuation of the Over-Allotment Option liability:

	February 20, 2026
Underlying stock price	$	10.00
Exercise price	$	10.00
Volatility		2.54	%
Risk-free rate		3.72	%
Over-Allotment Option term (years)	$	0.12

	March 5, 2026
Underlying stock price	$	10.00
Exercise price	$	10.00
Volatility		2.54	%
Risk-free rate		3.74	%
Over-Allotment Option term (years)	$	0.12

Averin Capital Acquisition Corp. 10-Q