Public Warrant Measurements

3 Months Ended

Feb. 29, 2024

Public Warrant Measurements

Public Warrant Measurements

Note 9 — Public Warrant Measurements

The public warrants were valued using a Black-Scholes model. The public warrants have been classified within shareholders’ deficit (equity) and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the public warrants:

	February 8, 2024
Market price of public stock	$	9.935
Term (years)		3.25
Risk-free rate		4.198	%
Volatility		2.22	%