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.
(a) Market Information
Our Public Units, Public Shares
and Public Warrants are each traded on the Global Market tier of Nasdaq under the symbols “POLEU,” “POLE” and
“POLEW,” respectively. Our Public Units commenced public trading on September 6, 2024, and our Public Shares and Public Warrants
commenced separate public trading on October 28, 2024.
(b) Holders
On March 25, 2025, there were
three holders of record of our Units, one holder of record of our Class A Ordinary Shares, one holder of record of our Class B Ordinary
Shares, and one holder of record of our Warrants.
(c) 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 cash dividends in the future will be dependent upon our revenues and earnings, if any, capital
requirements and general financial condition subsequent to completion of our initial Business Combination. The payment of any cash dividends
subsequent to our initial Business Combination will be within the discretion of our Board of Directors at such time. In addition, our
Board of Directors is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future. Further,
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.
(d) Securities Authorized for Issuance Under Equity Compensation Plans
None.
(e) Performance Graph
As
a smaller reporting company, we are not required to provide the information required by Regulation S-K Item 201(e).
(f) Recent Sales of Unregistered Securities
Simultaneously
with the closing of the Initial Public Offering, pursuant to the Private Placement Units Purchase Agreements, we completed the private
sale of an aggregate of 760,000 Private Placement Units to the Sponsor and BTIG at a purchase price of $10.00 per Private Placement Unit,
generating gross proceeds to us of $7,600,000. Of those 760,000 Private Placement Units, the Sponsor purchased 450,000 Private Placement
Units and BTIG purchased 310,000 Private Placement Units. The Private Placement Units are identical to the Public Units sold in the Initial
Public Offering, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were paid with
respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section
4(a)(2) of the Securities Act.
(g) Use of Proceeds from the Initial Public Offering
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 September 30, 2024,
as filed with the SEC on November 7, 2024. 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.
(h) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
None.
Item 6. [Reserved]
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