Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds
Since January 1, 2026 to the date hereof, the
Company issued five Extension Notes, each in the aggregate principal amount of $150,000, including two to the Sponsor and three to Marine
Thinking in connection with the payment of Monthly Extension Fee, respectively. The information of the Extension Notes contained under
Item 2 of Part I above is incorporated herein by reference in response to this item. The issuance of the Extension Notes was made pursuant
to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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