What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-03-24 compared with 2025-03-25 · 44 added, 37 removed, 8 unchanged (91% of the section changed)

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

Market for Registrant’s Common

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

(a) Market Information

4 unchanged sentences

commenced separate public trading on October 28, 2024.

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.

On March 23, 2026, 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.

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.

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

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

(e) Performance Graph

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

(h) Purchases of Equity Securities by the Issuer and Affiliated Purchasers

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

were no sales of unregistered securities during the fiscal year covered by this Report.

However, simultaneously with the closing

of the Initial Public Offering and 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 (and underlying securities) are identical to the Public Units (and

underlying securities), 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

were no offerings of registered securities and therefore no planned use of proceeds from such offerings during the fiscal year covered

by this 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 September 30, 2024, as filed with the SEC on November 7,

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

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