v3.26.1
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 10 — SEGMENT INFORMATION

 

ASC Topic 290, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customer. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.

 

The Company’s CODM has been identified as the Chief Executive Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment.

 

When evaluating the Company’s performance and making key decision regarding resource allocation, the CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statements of operations as net income or loss. The measure of segment assets is reported on the balance sheets as total assets:

 

   December 31,
2025		   December 31,
2024		 
Total Assets $6,447,220  $44,359,714 

 

   For the   For the 
   Year Ended   Year Ended 
   December 31,   December 31, 
   2025   2024 
EXPENSES          
Administration fee - related party $—  $60,000 
General and administrative  1,298,834   1,071,437 
TOTAL EXPENSES  1,298,834   1,131,437 
           
OTHER (EXPENSE) INCOME          
Income earned on cash and investments held in Trust Account  725,255   2,598,427 
Forgiveness of debt  127,768   623,776 
Change in fair value of derivative liabilities  (14,336,209)  (104,694)
TOTAL OTHER (EXPENSE) INCOME $(13,483,186) $3,117,509 

 

General and administrative costs are reviewed and monitored by the CODM to management and forecast cash to ensure enough capital is available to complete an Initial Public Offering and eventually a Business Combination within the business combination period. The CODM also reviews general and administrative costs to manage, maintain, and enforce all contractual agreements to ensure costs are aligned with all agreement and budget.

 

General and administrative expenses, as reported on the statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

 

All other segment items included in net income or loss are reported on the statements of operations and described within their respective disclosures.

 

Total assets are reviewed and monitored by the CODM to determine if the Company has maintained enough capital in order to complete its initial Business Combination.

 

Income earned on cash and investments held in the Trust Account is reviewed and monitored by the CODM to determine returns for potential redeeming shareholders based on the interest earned on the holdings within the Trust Account.