What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-03-09 compared with 2025-03-27 · 35 added, 36 removed, 9 unchanged (89% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Our units, Class A ordinary

shares, rights were each traded on the Nasdaq Stock Market LLC under the symbols “SPHAU,” “SPHA,” and “SPHAR,”

respectively.

Our units commenced public trading on December 5, 2024, and our Class A ordinary shares and rights commenced separate public

trading on January 27, 2025.

On March 12, 2025, the symbols for our units, ordinary shares and rights changed from “SPHAU”,

“SPHA”, “SPHAR”, in each case to “AIFEU”, “AIFE”, and “AIFER,” all of which

continue to be traded on the Nasdaq Stock Market LLC.

On December 31, 2024, there

were 2 holders of record of our units, 1 holder of record of our Class A ordinary shares, 1 holder of record of our rights, and 6 holders

of record of our Class B ordinary shares.

Authorized for Issuance Under Equity Compensation Plans

Sales of Unregistered Securities

Sales of Equity Securities

Shares Sales and Transfer

On June 14, 2024, our CEO,

Market for Registrant’s Common

Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

Our units, Class A ordinary shares, Rights were each traded on the

Nasdaq Stock Market LLC under the symbols “SPHAU,” “SPHA,” and “SPHAR,” respectively.

Our units commenced

public trading on December 5, 2024, and our Class A ordinary shares and Rights commenced separate public trading on January 27, 2025.

On March 12, 2025, the symbols for our units, ordinary shares and Rights changed from “SPHAU”, “SPHA”, “SPHAR”,

in each case to “AIFEU”, “AIFE”, and “AIFER,” which in turn changed in each case to “PGACU”,

“PGAC”, and “PGACR”, on August 8, 2025, all of which continue to be traded on the Nasdaq Stock Market LLC

On December 31, 2025, there were 2 holders of record of our units,

1 holder of record of our Class A ordinary shares, 1 holder of record of our Rights, and 6 holders of record of our Class B ordinary shares.

Securities Authorized for Issuance Under Equity

Compensation Plans

Recent Sales of Unregistered Securities

Unregistered Sales of Equity Securities

Founder Shares Sales and Transfer

On June 14, 2024, our CEO, Mr.

Snyder, our CFO, Ms.

Jia Peng, and the sponsor (the “sponsor”) of our IPO (as defined below), Aitefund Sponsor

LLC, acquired an aggregate of 1,725,000 Class B ordinary shares, par value of $0.0001 each (the “founder shares”), for an

aggregate purchase price of $25,000.

On July 9, 2024, an additional 431,250 founder shares were issued, at par value, to the sponsor,

for the purchase price of $43, resulting that the sponsor to hold 1,996,250 founder shares.

Peng, and Aitefund Sponsor LLC (the “Sponsor”) of our IPO (as defined below), Aitefund Sponsor LLC, acquired an aggregate

of 1,725,000 Class B ordinary shares, par value of $0.0001 each (the “founder shares”), for an aggregate purchase price of

On July 9, 2024, an additional 431,250 founder shares were issued, at par value, to the Sponsor, for the purchase price of $43,

resulting that the Sponsor to hold 1,996,250 founder shares.

On December 4, 2024, the

2 unchanged sentences

Private Placement

On December 6, 2024, simultaneously

with the closing of the IPO, the Company completed a private placement (the “Private Placement”) of 244,250 private placement

units to the Company’s sponsor, at a purchase price of $10.00 per private placement units, generating gross proceeds to the Company

of $2,442,500.

On December 6, 2024, simultaneously with the closing of the IPO,

the Company completed a private placement (the “Private Placement”) of 244,250 private placement units to the Company’s

Sponsor, at a purchase price of $10.00 per private placement units, generating gross proceeds to the Company of $2,442,500.

The above sales were issued

2 unchanged sentences

connection with such sales.

On December 6, 2024, we consummated

the initial public offering (the “IPO”) of 8,625,000 units (the “Units”), at a price of $10.00 per Unit, including

1,125,000 additional Units granted to the underwriters to cover over-allotments, if any (the “Over-Allotment Option”), generating

gross proceeds of $86,250,000.

Simultaneously with the closing of the IPO, we consummated the sale of 244,250 private placement units,

to our sponsor in the Private Placement, generating gross proceeds of $2,442,500.

The proceeds of $86,250,000

from the IPO and the Private Placement were placed in the trust account established for the benefit of the Company’s public shareholders

with Wilmington Trust, N.A., acting as trustee.

of Equity Securities by the Issuer and Affiliated Purchasers

Use of Proceeds

On December 6, 2024, we consummated the initial public offering (the

“IPO”) of 8,625,000 units (the “Units”), at a price of $10.00 per Unit, including 1,125,000 additional Units granted

to the underwriters to cover over-allotments, if any (the “over-allotment option”), generating gross proceeds of $86,250,000.

Simultaneously with the closing of the IPO, we consummated the sale of 244,250 private placement units, to our Sponsor in the Private

Placement, generating gross proceeds of $2,442,500.

The proceeds of $86,250,000 from the IPO and the Private Placement

were placed in the Trust Account established for the benefit of the Company’s Public Shareholders with Wilmington Trust, N.A., acting

Purchases of Equity Securities by the Issuer

and Affiliated Purchasers

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity