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.
(a) Market
Information
Our
Units, Public Shares and Public Warrants are each traded on the Nasdaq Global Market under the symbols BBCQU, BBCQ and
BBCQW, respectively. Our Units commenced public trading on January 8, 2026 and our Public Shares and Public Warrants commenced
separate public trading on January 28, 2026.
(b) Holders
On
March 16, 2026, there was 1 holder of record of our Units, 1 holder of record of our Class A Ordinary Shares and 4 holders of record
of our Warrants.
(c) 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. In addition, our
Board of Directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further,
if we incur any indebtedness in connection with our initial Business Combination, our ability to declare dividends may be limited by
restrictive covenants we may agree to in connection therewith.
(d) Securities
Authorized for Issuance Under Equity Compensation Plans
None.
(e) Performance
Graph
As
a smaller reporting company, we are not required to provide the information required by Regulation S-K Item 201(e).
(f) Recent
Sales of Unregistered Securities
None.
(g) Use
of Proceeds from the Initial Public Offering
On
January 9, 2026, the Company consummated the Initial Public Offering of 28,750,000 Units at $10.00 per Unit, generating gross proceeds
of $287,500,000. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 7,750,000 Private
Placement Warrants at a price of $1.00 per Private Placement Warrant in the Private Placement to the Sponsor and CCM, generating gross
proceeds of $7,750,000.
Of
the gross proceeds received from the Initial Public Offering and the Private Placement, an aggregate of $287,500,000 was placed in the
Trust Account. The proceeds held in the Trust Account may be invested by the trustee only in U.S. government securities with a maturity
of 185 days or less or in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions
under Rule 2a-7 under the Investment Company Act. The specific investments in our Trust Account may change from time to time.
23
We
incurred a total of $17,870,483 of transaction costs, consisting of $5,000,000 of cash underwriting fee, $12,250,000 of deferred underwriting
fee, and $620,483 of other offering costs.
For
a description of the use of the proceeds generated in our Initial Public Offering, see Part I, Item 7 of this Report. There has been
no material change in the planned use of proceeds from our Initial Public Offering and the Private Placement as described in the IPO
Registration Statement.
(h) Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
There
were no such repurchases of our equity securities by us or an affiliate during the fourth quarter of the fiscal year covered by the Report.
Item
6. [Reserved]
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