UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: Sales of Equity Securities
−Removed: February 7, 2022, our sponsor acquired 1,725,000 founder shares for an aggregate purchase price of $25,000.
−Removed: We also issued an aggregate
−Removed: of 125,000 EBC founder shares to EBC on July 11, 2022 for an aggregate purchase price of $1,750.
−Removed: Simultaneously
−Removed: with the closing of the IPO, pursuant to the Private Placement Unit Purchase Agreement, the Company completed the private sale of 365,000
−Removed: units (the “Private Placement Units”) to the Sponsor and 25,000 Private Placement Units to EBC at a purchase price of $10.00
−Removed: per Private Placement Unit, generating gross proceeds to the Company of $3,900,000.
−Removed: The Private Placement Units are identical to the
−Removed: Units sold in the IPO.
−Removed: No underwriting discounts or commissions were paid with respect to such sale.
−Removed: The issuance of the Private Placement
−Removed: Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: underwriting discounts or commissions were paid with respect to such sale.
−Removed: The issuance of the Private Placement Units was made pursuant
−Removed: to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: On December 29, 2022, simultaneously
−Removed: with the sale of the over-allotment Units, the Company consummated the private sale of an additional 37,904 Private Placement Units to
−Removed: the Sponsor and 2,596 Private Placements to EBC, generating additional gross proceeds of $405,000.
December 22, 2022, the Company consummated the initial public offering of 6,000,000 Units (the “Units” and, with respect
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underwriter was paid a cash underwriting discount of $0.20 per Unit, or $1,725,000 in the aggregate upon the closing of the Initial Public
−Removed: June 3, 2022, we issued an unsecured promissory note to our Sponsor (the “Promissory Note”), pursuant to which we received
−Removed: proceeds of $150,000 to cover expenses related to the initial public offering.
−Removed: The Promissory Note
−Removed: expired on the consummation of the IPO .
costs related to the issuances described above amounted to $3,734,629 consisting of $1,725,000 of underwriting fees, $629,929 of other
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in the initial public offering) was placed in the Trust Account.
−Removed: December 21, 2023, a special meeting of the stockholders was held to extend the date by which the Company must consummate a business
−Removed: In connection with this meeting, the stockholders of record were provided the opportunity to exercise their redemption
−Removed: Holders 2,174,171 Ordinary Shares properly exercised their rights to redeem their shares for cash at a redemption price of
−Removed: approximately $10.71 per share, for an aggregate redemption amount of approximately $ 23,282,935.83.
−Removed: Following the redemptions, the
−Removed: Company has 7,006,329 ordinary shares outstanding.
DEFAULTS UPON SENIOR SECURITIES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.