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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 9 — 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 (“CODM”), 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 reportable segment.

 

The CODM assesses performance for the single segment and decides how to allocate resources based on net income that also is reported on the condensed statements of operations as net income (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 CODM reviews several key metrics, which include the following:

 

   September 30,
2025		   December 31,
2024		 
Trust Account  $  306,202,278   $ 296,736,638 
Cash  $145,453   $483,572 

 

   For the three
months ended
September 30,
2025		   For the three
months ended
September 30,
2024		   For the nine
months ended
September 30,
2025		   For the nine
months ended
September 30,
2024		 
General and administrative expenses  $126,328   $143,462   $467,714   $380,614 
Interest earned on the Trust Account  $3,232,187   $3,799,919   $9,465,640   $5,747,982 

 

The CODM reviews interest earned on the 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.

 

General and administrative expenses are reviewed and monitored by the CODM 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 general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Operating and formation costs, as reported on the condensed statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

 

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

 

The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies.