Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.
Unregistered Sales of Equity Securities
There were no sales of unregistered securities
during the quarterly period covered by this Report. However, simultaneously with the closing of the Initial Public Offering, we consummated
the sale of 300,000 Class A ordinary shares to the Sponsor at a price of $10.00 per share in the Private Placement, generating gross proceeds
of $3,000,000. No underwriting discounts or commissions were paid with respect to such sale. This issuance was made pursuant to the exemption
from registration contained in Section 4(a)(2) of the Securities Act.
Use of Proceeds
There were no offerings of registered securities
and therefore no planned use of proceeds from such offerings during the quarterly period covered by this Report. For a description of
the use of proceeds generated in the Initial Public Offering and the Private Placement, see Part II, Item 5 of the 2025 Form 10-K. 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 the 2025 Form 10-K. The specific investments in the Trust Account may change from time to time.
Purchases of Equity Securities by the Issuer
and Affiliated Purchasers
There were no purchases of our equity securities
by us or an affiliate during the quarterly period covered by this Report.
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Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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