Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our
units began to trade on The Nasdaq Global Market, or Nasdaq, under the symbol “AFJKU” on December 4, 2023. The ordinary shares
and rights comprising the units began separate trading on January 22, 2024, under the symbols “AFJK” and “AFJKR,”
respectively.
Holders
of Record
As
of March 22, 2024 there were 9,026,000 ordinary shares issued and outstanding held by approximately 8 shareholders of record, and
there were 1,905,000 ordinary shares issued and outstanding held by our Sponsor. The number of record holders was determined from
the records of our transfer agent and does not include beneficial owners of shares of common stock whose shares are held in the
names of various security brokers, dealers, and registered clearing agencies.
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 an
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 a business combination. The payment of any dividends subsequent
to a business combination will be within the discretion of our board of directors at such time. It is the present intention of our board
of directors to retain all earnings, if any, for use in our business operations and, accordingly, our board of directors does not anticipate
declaring any dividends in the foreseeable future. In addition, our board of directors is not currently contemplating and does not anticipate
declaring any share dividends in the foreseeable future. Further, if we incur any indebtedness, our ability to declare dividends may
be limited by restrictive covenants we may agree to in connection therewith.
Securities
Authorized for Issuance Under Equity Compensation Plans
None.
Recent
Sales of Unregistered Securities
There
were no unregistered securities to report which have not been previously included in a Quarterly Report on Form 10-Q or a Current Report
on Form 8-K.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
None.
ITEM
6. [RESERVED]
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