SEGMENT INFORMATION |
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| SEGMENT INFORMATION | NOTE 8. 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 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 is a blank check company formed for the purpose of effecting a Business Combination. As of September 30, 2026, the Company had not commenced any operations. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering, and non-operating income or expense from the changes in the fair value of warrant liability and Capital Contribution Note. The Company’s CODM has been identified as the Chief Executive Officer, who reviews the unaudited condensed consolidated 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. The CODM does not review assets in evaluating the results of the Company, and therefore, such information is not presented. When evaluating the Company’s primary measure of performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:
Operating costs include those costs necessary for the Company to effectuate a Business Combination. Such costs include professional fees for legal and financial reporting services along with administrative fees. Excise taxes, including interest and penalties on past due amounts, and the related abatement and refund claim (see Note 1), are significant items for the segment and are therefore part of the CODM’s review. |
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