v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 9 — Segment Reporting

 

ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statements about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise 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 Financial Officer, who reviews the operating results 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 reportable segment.

 

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. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:

 

    As of
June 30,
2026		     As of
December 31,
2025		  
Cash   $ 604,764     $ 1,163,106  
Investments held in Trust Account     294,052,528       288,940,875  

 

    For the Three Months
Ended June 30,		     For the Six Months
Ended June 30,		  
    2026     2025     2026     2025  
General and administrative costs   $ 363,448     $ 1,428     $ 653,186     $ 1,953  
Interest earned on investments held in Trust Account     2,613,400       -       5,111,653       -  

 

General and administrative costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital was available to complete an Initial Public Offering and is available to complete 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 agreements and budget. General and administrative costs, as reported on the statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

 

The CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

 

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