What changed in this filing

/stocks — the workspaceLOADING

Item 2. Unregistered Sales of Equity Securities

2025-11-14 compared with 2025-08-14 · 20 added, 24 removed, 26 unchanged (63% of the section changed)

1 unchanged sentence

Sales of Unregistered Securities

On December 3, 2024, the Sponsor made capital contributions

of $25,000 to cover certain of the Company’s expenses, for which the Company issued 5,750,000 founder shares, or approximately $0.004

per share, to the Sponsor.

On June 9, 2025, the Company, through a share capitalization, issued the Sponsor an additional 575,000 founder

shares, resulting in the Sponsor holding 6,325,000 founder shares in the aggregate.

Simultaneously with the closing of the Company’s

initial public offering, the Company consummated a private placement of an aggregate of 683,000 private placement units to the Sponsor

and BTIG, LLC, at a price of $10.00 per private placement unit, generating total proceeds of $6,830,000.

Each private placement consists

of one Class A Ordinary Share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase

one Class A Ordinary Share for $11.50 per share (subject to adjustment).

Of those 683,000 private placement units, the Sponsor purchased

430,000 private placement units and BTIG purchased 253,000 private placement units.

The private placement units are identical to the Units

sold in the initial public offering except with respect to certain registration rights and transfer restrictions, as described in the

registration statement relating to the Company’s initial public offering.

Additionally, such holders agreed not to transfer, assign

or sell any of the private placement units or underlying securities (except in limited circumstances, as described in the Registration

Statement) until 30 days after the completion of the Company’s initial business combination.

The holders were granted certain demand

and piggyback registration rights in connection with the purchase of the private placement units and the underlying securities.

The private placement units were issued pursuant to Section 4(a)(2) of

the Securities Act, as the transaction did not involve a public offering.

December 3, 2024, the Sponsor made capital contributions of $25,000 to cover certain of the Company’s expenses, for which the Company

issued 5,750,000 founder shares, or approximately $0.004 per share, to the Sponsor.

On June 9, 2025, the Company, through a share capitalization,

issued the Sponsor an additional 575,000 founder shares, resulting in the Sponsor holding 6,325,000 founder shares in the aggregate.

Simultaneously

with the closing of the Company’s initial public offering, the Company consummated a private placement of an aggregate of 683,000

private placement units to the Sponsor and BTIG, LLC, at a price of $10.00 per private placement unit, generating total proceeds of $6,830,000.

Each private placement consists of one Class A Ordinary Share and one-half of one redeemable warrant, with each whole warrant entitling

the holder thereof to purchase one Class A Ordinary Share for $11.50 per share (subject to adjustment).

Of those 683,000 private placement

units, the Sponsor purchased 430,000 private placement units and BTIG purchased 253,000 private placement units.

private placement units are identical to the Units sold in the initial public offering except with respect to certain registration rights

and transfer restrictions, as described in the registration statement relating to the Company’s initial public offering.

Additionally,

such holders agreed not to transfer, assign or sell any of the private placement units or underlying securities (except in limited circumstances,

as described in the Registration Statement) until 30 days after the completion of the Company’s initial business combination.

holders were granted certain demand and piggyback registration rights in connection with the purchase of the private placement units

and the underlying securities.

private placement units were issued pursuant to Section 4(a)(2) of the Securities Act, as the transaction did not involve a public offering.

of Proceeds from our Initial Public Offering

20 unchanged sentences

initial public offering

of Equity Securities by the Issuer and Affiliated Purchasers during the Quarter Ended June 30, 2025

of Equity Securities by the Issuer and Affiliated Purchasers during the Quarter Ended September 30, 2025

Defaults Upon Senior Securities.

1 unchanged sentence

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.

What changed 10-Q

Item 2. Unregistered Sales of Equity Securities