Press release·08/11/2026 13:20:42

Overview

We are a blank check company incorporated in the Cayman Islands on December 4, 2024. Our purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. We intend to use cash from the proceeds of our initial public offering (IPO) and the sale of placement units, as well as debt and equity financing, to complete our business combination.

Results of Operations

We have not engaged in any operations or generated any revenue since our inception on December 4, 2024. Our activities have been limited to organizational tasks and preparing for our IPO. We expect to continue to incur significant costs in our pursuit of a business combination, but we cannot assure that our plans will be successful.

For the three months ended June 30, 2026, we had net income of $1,976,256, which consisted of $2,300,625 in interest earned on marketable securities held in our trust account, partially offset by $324,369 in general and administrative costs.

For the three months ended June 30, 2025, we had a net loss of $34,148, which consisted of general and administrative costs.

For the six months ended June 30, 2026, we had net income of $3,841,889, which consisted of $4,566,128 in interest earned on marketable securities held in our trust account, partially offset by $724,239 in general and administrative costs.

For the six months ended June 30, 2025, we had a net loss of $39,568, which consisted of general and administrative costs.

Liquidity, Capital Resources and Going Concern

Until our IPO, our only source of liquidity was an initial purchase of Class B ordinary shares by our sponsor and loans from the sponsor, which were repaid after the IPO.

On July 2, 2025, we completed our IPO of 25,300,000 units at $10.00 per unit, generating gross proceeds of $253,000,000. Simultaneously, we completed a private placement of 720,000 placement units at $10.00 per unit, generating gross proceeds of $7,200,000.

As of June 30, 2026, we had $253,000,000 held in our trust account and $625,608 in net cash used in operating activities. We intend to use the funds in the trust account to complete our business combination, with any remaining funds used as working capital.

We may need to obtain additional financing to complete a business combination or if we become obligated to redeem a significant number of public shares. We cannot assure that new financing will be available on commercially acceptable terms, if at all. Our liquidity condition and mandatory liquidation if we do not complete a business combination by July 2, 2027 raise substantial doubt about our ability to continue as a going concern.

Off-Balance Sheet Arrangements and Contractual Obligations

We have no off-balance sheet arrangements as of June 30, 2026. Our only significant contractual obligations are:

• An agreement to pay our sponsor $30,000 per month for office space, utilities, and shared personnel support services
• An agreement to pay our Chief Financial Officer up to $12,500 per month
• Deferred underwriting commissions of $10,780,000 payable upon completion of a business combination

Critical Accounting Estimates and Policies

Our critical accounting estimates and policies include:

• Accounting for ordinary shares subject to possible redemption
• Accounting for warrant instruments

We do not believe any recently issued accounting standards will have a material effect on our financial statements.

In summary, as a blank check company, we have not generated any revenue and have incurred significant costs in our pursuit of a business combination. Our liquidity and ability to continue as a going concern depend on our successful completion of a business combination by July 2, 2027. While we are optimistic about our prospects, there is no assurance we will be able to do so.