v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 9 — SEGMENT INFORMATION

 

FASB ASC Topic 280, “Segment Reporting,” establishes standards for companies to report, in their unaudited 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 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 Financial Officer, who uses net income as the primary measure of segment profit or loss to assess performance and allocate resources. The CODM also reviews the Company’s assets, operating results and other financial metrics in evaluating the Company’s financial performance. Accordingly, management has determined that the Company operates as a single reportable segment.

 

The measure of segment profit or loss is reported in the statements of operations as net income. The measure of segment assets is reported on the balance sheets as total assets. In addition to net income and total assets, the CODM reviews several key metrics, which include the following:

 

    June 30,
2026		     December 31,
2025		  
Cash and investments held in Trust Account   $ 207,159,708     $         —  
Cash   $ 1,750,553     $ —  

 

    For the
Three Months Ended
June 30,		     For the
Six Months Ended
June 30,		  
    2026     2026  
Formation, general, and administrative costs   $ 145,106     $ 368,468  
Interest earned on cash and investments held in Trust Account   $ 1,800,222     $ 2,965,858  

 

The CODM reviews formation, general, and administrative costs to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar transaction within the Business Combination period. The CODM also reviews formation, general, and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Formation, general, and administrative costs, as reported on the unaudited statement of operation, are the significant segment expenses provided to the CODM on a regular basis.

 

The CODM reviews the position of total assets as reported in the Company’s balance sheets to assess if the Company has sufficient resources available to discharge its liabilities. The CODM is provided with details of cash and liquid resources available with the Company. The CODM will review the interest that will be earned and accrued on cash and investments held in 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.