Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our equity securities trade
on the Nasdaq Global Market. Each of our units consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of
one ordinary share upon the completion of a business combination, and, commencing on October 24, 2025, trades on the Nasdaq Global Market
under the symbol “LAFAU.” The Ordinary Shares and Rights underlying our units are trading separately on the Nasdaq Global
Market under the symbols “LAFA” and “LAFAR,” respectively.
Holders of Record
On March 2, 2026, there were 4 holders of record of our Units, 5 holders
of record of our Ordinary Shares, and 1 holder of record of our Rights. Such numbers do not include beneficial owners holding our securities
through nominee names.
Dividends
We have not paid any cash
dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of any dividends
subsequent to a business combination will be within the discretion of our board of directors at such time and we will only pay such dividend
out of our profits or share premium (subject to solvency requirements) as permitted under Cayman Islands Law. It is the present intention
of our board of directors to retain all earnings, if any, for use in our business operations and, accordingly, our board of directors
does not anticipate declaring any dividends in the foreseeable future. In addition, our board of directors is not currently contemplating
and does not anticipate declaring any share dividends in the foreseeable future. Further, the ability to pay such dividends in kind at
the combined company’s option may result in dilution to existing shareholders. If we incur any indebtedness in connection with our
initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Use of Proceeds from our Initial Public Offering
On October 27, 2025, the
Company consummated the Initial Public Offering of 11,500,000 Units, including 1,500,000 Units issued pursuant to the exercise of underwriters’
over-allotment option in full. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $115,000,000.
Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement of an aggregate of 380,000
Private Placement Units to the Sponsor and EBC (and its affiliates or permitted assignees) at a price of $10.00 per Private Placement
Unit, generating gross proceeds of $3,800,000. Transaction costs amounted to $6,731,306, consisting of $2,300,000 of cash underwriting
fee, $4,025,000 of deferred underwriting fee and $406,306 of other offering costs.
Following the closing of
the Initial Public Offering, on October 27, 2025, a total of $115,000,000 of the net proceeds from the Initial Public Offering and the
Private Placement was placed in the Trust Account, with Continental acting as trustee.
For a description of the
use of the proceeds generated in our Initial Public Offering, see Part II, Item 7 of this Annual Report.
ITEM 6. [RESERVED]