XML 26 R16.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2025
SEGMENT INFORMATION  
SEGMENT INFORMATION

NOTE 10 — 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 CODM has been identified as the Chief Financial Officer, who reviews 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 reporting segment.

The CODM assesses performance for the single segment and decides 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 CODM reviews several key metrics included in net income or loss and total assets, which include the following:

​

​

​

​

​

​

​

​

​

​

September 30, 

​

December 31, 

​

    

2025

    

2024

Cash

​

$

876,477

​

$

2,232

Investments held in Trust Account

​

$

230,239,464

​

$

—

​

​

​

​

​

​

​

​

​

    

For the

    

For the

​

​

Nine Months Ended

​

Three Months Ended

​

​

September 30, 

​

September 30, 

​

​

2025

​

2025

General and administrative expenses

​

$

427,662

​

$

151,150

​

​

​

​

​

​

​

Interest income earned on investments held in Trust Account

​

$

4,114,464

​

$

2,380,552

​

​

​

​

​

​

    

For the

​

​

Period from July

​

​

26, 2024 (Inception) through

​

​

September 30, 2024

General and administrative expenses

​

$

26,450

​

​

​

​

Interest income earned on investments held in Trust Account

​

$

—

​

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 evaluates 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, 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 loss are reported on the condensed statements of operations and described within their respective disclosures.