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

NOTE 9. SEGMENT INFORMATION

 

ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their 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 (“CODM”), or group, in deciding how to allocate resources and assess performance.

 

The Company’s CODMs have been identified as the Chief Executive Officer and the Chief Financial Officer, who review the assets, operating results, and financial metrics 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.

 

The CODMs assess performance for the single segment and decide how to allocate resources based on net income or loss that also is reported on the condensed statements of operations as net income or loss. The measure of segment assets is reported on the condensed balance sheets as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODMs review several key metrics included in net income or loss and total assets, which include the following:

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Cash

 

$

821,425

 

 

$

1,096,942

 

Cash and investments held in Trust Account

 

$

239,776,741

 

 

$

235,633,565

 

 

 

 

For the Three Months Ended
June 30,

 

 

For the Six Months Ended June 30,

 

 

For the
Period from
January 7,
2025
(Inception)
Through
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

General and administrative expenses

 

$

383,145

 

 

$

136,379

 

 

$

515,257

 

 

$

179,201

 

Earnings on investments held in Trust Account

 

$

2,101,551

 

 

$

868,152

 

 

$

4,143,176

 

 

$

868,152

 


The accounting policies used to measure the net income or loss of the segment are the same as those described in the summary of significant accounting policies. General and administrative expenses are reviewed and monitored by the CODMs to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar transaction within the combination period. The CODMs also review general and administrative expenses to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative expenses, as reported on the condensed statements of operations, are the significant segment expenses provided to the CODMs on a regular basis.

 

The CODMs review earnings on 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.

 

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