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

Note 8 — Segment Information

 

ASC Topic 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 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 operating segment.

 

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

 

    For the
Three Months
Ended		     For the
Three Months
Ended		  
    June 30,     June 30,  
    2026     2025  
Professional fees incurred in connection with potential business combination   $ (44,237 )   $ -  
Other formation and operating costs     (172,153 )     (177,726 )
Interest and dividend income on cash and investments held in Trust Account     754,674       900,939  
Net income   $ 538,284     $ 723,213  

 

    For the
Six Months
Ended		     For the
Six Months
Ended		  
    June 30,     June 30,  
    2026     2025  
Professional fees incurred in connection with potential business combination   $ (293,098 )   $ -  
Other formation and operating costs     (356,194 )     (393,475 )
Interest and dividend income on cash and investments held in Trust Account     1,540,983       1,797,542  
Net income   $ 891,691     $ 1,404,067  

 

The key measures of segment profit or loss reviewed by our CODM are interest and dividend income on cash and investments held in the Trust Account and formation and operating costs. The CODM reviews interest and dividend income on cash and investments held in the Trust Account to measure and monitor shareholder value and determine the most effective strategy of cash and investments with the Trust Account funds while maintaining compliance with the trust agreement. Within formation and operating costs, the CODM specifically reviews professional fees incurred in connection with potential business combination, which are a significant segment expense, and include legal fees and advisory fees, as these represent significant costs affecting the Company’s consummation of potential business combination. Other formation and operating costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete an initial business combination by the Combination Deadline. The CODM also reviews other formation and operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.