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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SEGMENT INFORMATION

NOTE 9—SEGMENT INFORMATION

 

ASC 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information 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, or group, in deciding how to allocate resources and assess performance.

 

The Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive 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 operating segment.

 

When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, including net income (loss), which is comprised of interest and dividend earned on securities held in trust account and bank interest income, offset by formation and operating costs.

 

  

For the Six

Months

  

For the Six

Months

 
   Ended   Ended 
   June 30,   June 30, 
   2026   2025 
Interest and Dividends earned on marketable securities held in trust account  $205,921    806,708 
Interest from bank account   769    1,718 
Formation and operating costs    (949,825)  $(550,351)
Net (loss) Income  $(743,135)  $258,075 

 

The key measure of segment profit or loss reviewed by the Company’s CODM is net income (loss), which is comprised of dividends earned on marketable securities held in trust account and interest from the bank account, offset by formation and operating costs. Net income (loss) is reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination within the required completion window. The CODM also reviews net income (loss) to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and the budget.