Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.
Unregistered Sales of Equity Securities
Simultaneously with the closing of the Initial
Public Offering, we consummated the sale of 900,000 Class A ordinary shares to the Sponsor at a price of $10.00 per share in the Private
Placement, generating gross proceeds of $9,000,000. No underwriting discounts or commissions were paid with respect to such sale. This
issuance was pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
Use of Proceeds
For a description of the use of proceeds generated
in the Initial Public Offering and the Private Placement, see Part II, Item 5 of our Annual Report on Form 10-K for the year ended December
31, 2025, as filed with the SEC on March 26, 2026. There has been no material change in the planned use of proceeds from the Initial Public
Offering and the Private Placement as described in the Final Prospectus or our Annual Report on Form 10-K for the year ended December
31, 2025 as filed with the SEC on March 26, 2026. The specific investments in the Trust Account may change from time to time.
Purchases of Equity Securities by the Issuer
and Affiliated Purchasers
None.
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Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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