Summary of Significant Accounting Policies |
6 Months Ended |
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Jun. 30, 2026 | |
| Accounting Policies [Abstract] | |
| Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements (the “financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC applicable to interim financial information. In the opinion of management, the financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the Company’s financial position as of the dates presented, and the results of any interim period are not necessarily indicative of the results to be expected for the full fiscal year. Separate statements of operations and cash flows have not been presented in the financial statements because the Company has not commenced operations and there were no activities in the Company during the six months ended June 30, 2026 other than those incidental to its formation and the matters contemplated by the Merger Agreement. Judgments and Estimates The preparation of the financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these financial statements. Actual results could differ from those estimates. Petty Cash Petty cash consists of cash on hand. The Company does not maintain a bank account. Organizational and Offering Costs Any organizational costs related to the incorporation of the Company have been paid by Old Securitize on behalf of the Company and recorded as an expense of Old Securitize. Organizational costs, including legal fees, registration fees, and other costs related to the formation of the Company, will be expensed as incurred in accordance with applicable accounting standards. Offering costs, such as legal, accounting, and printing fees directly associated with the issuance of equity or debt securities, will be deferred and offset against the proceeds of the related offering. Related Party Transactions Old Securitize is the sole owner of the Company. Any organizational costs incurred in connection with the formation of the Company have been and will continue to be paid by Old Securitize on behalf of the Company, if applicable. Accordingly, such payments, if made, would represent related party transactions.
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