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 the Report.
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 the Report. For a description of the use of proceeds generated
in our Initial Public Offering and private placement, see Part I, Item 2 of our Quarterly Report on Form 10-Q for the quarterly period
ended March 31, 2025 as filed with the SEC on May 15, 2025.There has been no material change in the planned use of proceeds from our Initial
Public Offering and Private Placement as described in the IPO Registration Statement. The specific investments in our Trust Account may
change from time to time.
To mitigate the risk that we might be deemed to be an investment company
for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust Account, we may, at
any time, (based on our Management team's ongoing assessment of all factors related to our potential status under the Investment Company
Act) instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in
cash or in an interest-bearing demand deposit account at a bank.
Purchases of Equity Securities by the Issuer
and Affiliated Purchasers
There were no repurchases of our equity securities by us or an affiliate
during the quarterly period covered by the Report.
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not applicable
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