v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 5 — SEGMENT INFORMATION

 

ASC Topic 280, Segment Reporting, establishes standards for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and major customers. 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 CODM, or group, in deciding how to allocate resources and assess performance.

 

As a Special Purpose Acquisition Company (SPAC), the Company is formed for the sole purpose of effecting a business combination and does not conduct any operating activities prior to the completion of the business combination. The Company does not generate any revenue and incurs only administrative and formation expenses during this pre-combination period.

 

The Company’s CODM evaluates performance and allocates resources solely based on the Company’s overall results during this pre-combination phase. As such, management has determined that the Company operates as a single reportable segment.

 

The CODM assesses performance based on net income or loss, which is reported on the statement of operations, and total assets, which are reported on the balance sheet. Key financial metrics reviewed by the CODM include the following:

 

●Net Income or Loss: Primarily driven by administrative expenses and interest income on investments held in the trust account.

 

●Total Assets: Comprised mainly of cash at bank and investments held in the trust account.

 

Until the completion of a business combination, the Company will continue to operate as a single reportable segment.