Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: There were no sales of unregistered securities during the quarterly period covered by this Quarterly Report.
+Added: Initial Public Offering
On December 23, 2024, we consummated the Initial Public Offering of 10,000,000 Units at $10.00 per Units, generating gross proceeds of $100,000,000.
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For a description of the use of the proceeds generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.
+Added: Extraordinary General Meeting and Redemptions of Public Shares
+Added: On June 18, 2026, the Company held the “Meeting where the shareholders agreed, by way of special resolution, to adopt the Amendment.
+Added: Under the Amendment, the Company may extend the deadline by which it must consummate an initial Business Combination on a monthly basis for up to nine times until March 23, 2027 (up to 27 months from the closing of the Initial Public Offering), provided that the Sponsor or its affiliate or permitted designees will deposit into the Trust Account an amount equal to the lesser of (x) $0.03 per each Public Share outstanding following any redemptions of Public Shares effected in connection with the Meeting or (y) $60,000 for each Monthly Extension, in exchange for a non-interest
+Added: bearing, unsecured promissory note payable upon consummation of a business combination.
+Added: In connection with the vote to approve the Amendment, holders of 9,339,529 ordinary shares exercised their right to redeem their ordinary shares for cash at a redemption price of approximately $10.65 per share, for an aggregate redemption amount of approximately $99,492,433.31.
+Added: As a result, approximately $23,015,134.62 remained in the Trust Account and 2,160,471 ordinary shares remain outstanding immediately after the Meeting.
Defaults Upon Senior Securities
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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.