Item 5. Market for Registrant’s Common Equity
Item
5. Market For Registrant’s Common Equity, Related Shareholder Matters And Issuer Purchases Of Equity Securities
Market
Information
Our
units, Class A ordinary shares and warrants are expected to trade on Nasdaq under the symbols “AACOU,” “AACO”
and “AACOW,” respectively.
Holders
As
of March 27, 2026, there were 3 holders of record of our units, no holders of record of our Class A ordinary shares, 1 holder of record
of our Class B ordinary shares and no holders of record of the Public Warrants.
Dividends
We
have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our
initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital
requirements and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends
subsequent to our initial business combination will be within the discretion of our board of directors at such time.
Securities
Authorized for Issuance Under Equity Compensation Plans
None.
Recent
Sales of Unregistered Securities; Use of Proceeds from Registered Offerings
Unregistered
Sales of Equity Securities
On
November 28, 2025, our sponsor paid an aggregate of $25,000 to cover certain of our offering costs in exchange for 5,750,000 founder shares.
On December 16, 2025, we issued an additional 1,916,667 founder shares through a share capitalization resulting in the sponsor holding
7,666,667 founder shares in the aggregate. The founder shares were purchased for approximately $0.003 per share.
Up
to 1,000,000 of the founder shares were subject to surrender for no consideration depending on the extent to which the underwriters’
over-allotment option is exercised. As a result of the underwriters’ election to fully exercise their over-allotment option, 1,000,000
founder shares are no longer subject to forfeiture by the Sponsor.
In
addition, our sponsor and BTIG have purchased an aggregate of 695,000 private placement units, at a price of $10.00 per private placement
unit, for an aggregate purchase price of $6,950,000 in a private placement that closed simultaneously with the closing of the IPO. Each
private placement unit consists of one Class A ordinary share and one-third of one warrant, with each whole warrant exercisable to purchase
one Class A ordinary share at $11.50 per share. Of those private placement units, our sponsor has purchased 465,000 private placement
units and BTIG has purchased 230,000 private placement units.
These
issuances were made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No underwriting discounts
or commissions were paid with respect to such sales.
64
Purchase
of Equity Securities by the Issuer and Affiliated Purchasers
None.
Item
6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.