SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 10. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their condensed consolidated 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’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.

The CODM assesses performance for the single segment and decides how to allocate resources based on net loss that also is reported on the condensed consolidated statement of operations as net loss. The measure of segment assets is reported on the condensed consolidated balance sheet 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 loss and total assets, which include the following:

	June 30,		December 31,
	2025		2024
Trust Account	$	19,544,573	$	18,949,539
Cash	$	581,815	$	3,527

	For the Three		For the Six
	Months Ended		Months Ended
	June 30,		June 30,
	2025		2025
Operating and formation expenses	$	74,707	$	356,195
Interest earned on the Trust Account	$	154,554	$	305,167

	For the Three		For the Three
	Months Ended		Months Ended
	June 30,		June 30,
	2024		2024
Operating and formation expenses	$	729,679	$	1,610,470
Interest earned on the Trust Account	$	344,295	$	689,912

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.

Operating and formation 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 operating and formation 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 consolidated statement 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 consolidated statement of operations and described within their respective disclosures.