What changed 10-Q

Item 2. Unregistered Sales of Equity Securities

2026-05-14 compared with 2025-11-14 · 2 added, 2 removed, 17 unchanged (19% of the section changed)

2 unchanged sentences

There were no sales of unregistered securities during the quarterly period covered by this Report.

However, subsequent to the quarterly period covered by this Report, on May 16, 2025, the Company consummated the Initial Public Offering of 20,125,000 units, each consisting of one Class A Ordinary Share, par value $0.0001 per share, and one Right entitling the holder to receive one-tenth

of a Class A Ordinary Share (a “Unit”), which includes the full exercise by the underwriter of its over-allotment option in the amount of 2,625,000 Units, at $10.00 per Unit, generating gross proceeds of 201,250,000.

However, on May 16, 2025, the Company consummated the Initial Public Offering of 20,125,000 units, each consisting of one Class A Ordinary Share, par value $0.0001 per share, and one Right entitling the holder to receive one-tenth

of a Class A Ordinary Share (a “Unit”), which includes the full exercise by the underwriter, Stifel, Nicholaus & Company, Incorporated, of its over-allotment option in the amount of 2,625,000 Units, at $10.00 per Unit, generating gross proceeds of 201,250,000.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 362,500 Private Placement Units at a price of $10.00 per Private Placement Unit, in a private placement to the Sponsor, generating gross proceeds of $3,625,000.

13 unchanged sentences

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.