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Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 9 — Segment Reporting

 

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, 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 June 30, 2025, 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’s chief operating decision maker has been identified as the Chief Executive Officer and Chief Financial Officer (“CODM”), 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.

Within the information provided, the CODM specifically reviews financial advisory expenses, which are a significant segment expense, as this represents significant cost affecting the Company’s decision on how to allocate resources. Other operating expenses consist of financial advisory expenses and other expenses, and are reviewed in aggregate.

 

    For the Three Months
Ended June 30,		     For the Six Months
Ended June 30,		  
    2025     2024     2025     2024  
Financial advisory expenses included within formation and operating costs   $ 300,000     $ 300,000     $ 600,000     $ 600,000  
Other formation and operating costs   $ 232,920     $ 684,711     $ 483,815     $ 1,033,383  
Interest income earned on investments held in Trust Account   $ 430,564     $ 793,781     $ 928,635     $ 1,579,709  

 

The key measures of segment profit or loss reviewed by our CODM are interest earned on the Trust Account and formation and operating costs. The CODM reviews interest earned on the Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement. Formation and operating costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination within the business combination period. The CODM also reviews formation and operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.