v3.26.1
Income Taxes
Jul. 02, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
NOTE 3. INCOME TAXES
The Company’s net deferred tax assets are as follows:
 
    
July 2, 2025
  
Deferred tax asset:
   
Organizational costs/startup expenses
    $ 509  
  
 
 
  
Total deferred tax asset
      509  
Valuation allowance
      (509 ) 
  
 
 
  
Deferred tax asset, net of allowance
    $ —   
  
 
 
  
In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, if any, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance.
As of July 2, 2025, the Company had no federal Net Operating Losses (“NOLs”).