v3.25.2
INITIAL PUBLIC OFFERING
6 Months Ended
Jun. 30, 2025
INITIAL PUBLIC OFFERING  
INITIAL PUBLIC OFFERING

NOTE 3 – INITIAL PUBLIC OFFERING

 

Pursuant to the Initial Public Offering (“IPO”), the Company sold 7,500,000 Units at a price of $10.00 per Unit, generating gross proceeds of $75,000,000. Each Unit consists of one Class A ordinary share and one right to receive one-fifth (1/5) of one Class A ordinary share upon the consummation of the Company's initial business combination. Five Public Rights will entitle the holder to receive one Class A ordinary share (see Note 7). The Company will not issue fractional shares, so unless a holder purchased Units in multiples of five, such holder will not be able to receive or trade the fractional shares underlying the rights.

 

The Company also granted the underwriters a 45-day option to purchase up to an additional 1,125,000 Units to cover over-allotments, which was fully exercised on February 14, 2025, generating additional gross proceeds of $11,250,000.