Item 1B. Unresolved Staff Comments
Item 1B. Unresolved Staff Comments
None
Item 1C. Cybersecurity
We are a blank check company
with no business operations. Since the IPO, our sole business activity has been identifying and evaluating suitable acquisition transaction
candidates. Therefore, we do not consider that we face significant cybersecurity risk and have not adopted any cybersecurity risk management
program or formal processes for assessing cybersecurity risk. We depend on the digital technologies of third parties, and any sophisticated
and deliberate attacks on, or security breaches in, systems or infrastructure or the cloud that we utilize, including those of third parties ,
could lead to corruption or misappropriation of our assets, proprietary information and sensitive or confidential data and could have
a material adverse effect on our business, financial condition or reputation. Because of our reliance on the technologies of third parties,
we also depend upon the personnel and the processes of third parties to protect against cybersecurity threats, and we have no personnel
or processes of our own for this purpose. As an early-stage company without significant investments in data security protection, we may
not be sufficiently protected against such occurrences. We also lack sufficient resources to adequately protect against, or to investigate
and remediate any vulnerability to, cyber incidents. It is possible that any of these occurrences, or a combination of them, could have
material adverse consequences on our business and lead to financial loss.
Our board of directors is
generally responsible for the oversight of risks from cybersecurity threats, if there is any. Our management will promptly report to the
board of directors on incidents of material cybersecurity risks facing us and any third parties and the measures that may be taken to
mitigate such risks. As of the date of this annual report, we have not encountered any cybersecurity incidents that have materially affected,
or that we believe are reasonably likely to materially affect, us, including our business strategy, results of operations or financial
condition. We do, however, face risks from cybersecurity threats. For additional information regarding the risks we face from cybersecurity
threats, please see Item 1A. Risk Factors of this Form 10-K, including the risk factors under the following heading: “Cyber incidents
or attacks at us could result in information theft, data corruption, operational disruption and/or financial loss.”
Item 2. Properties
We have entered into a short-term
month to month lease for office space at 39 E Broadway, Suite 603, New York, New York which we utilize for our main offices in the United
States. The cost per month is approximately $200. The rent is paid by our sponsor pursuant to the administrative services agreement
between us and our sponsor.
Item 3. Legal Proceedings
As of March 31, 2025, there
is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in
their capacity as such.
Item 4. Mine Safety Disclosures.
Not applicable.
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Table of Contents
PART II
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