NOTE 10 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events through August 15, 2025 when these consolidated financial statements were issued and determined that there were no significant unrecognized events through that date other than those noted below.

From July to August 2025, the Company had deposited an aggregate total of $1,750 into the Trust Account in order to extend the period of time it has to consummate a business combination by one month, from the current deadline to September 11, 2025.

On July 22, 2025, the Company entered into Amendment No. 2 to the Merger Agreement with Semnur and Merger Sub (“Amendment No. 2”). Amendment No. 2 amends the Merger Agreement to, among other things, modify the definitions of the “Exchange Ratio” and “Merger Consideration” to facilitate the issuance of additional shares of common stock of Semnur prior to the closing of the Business Combination in connection with any potential private placement financing or for issuance to advisors and other service providers for services rendered and maintain the 1.25-to-1 exchange ratio.