NOTE 3. INITIAL PUBLIC OFFERING

In the Initial Public Offering on June 20, 2025, the Company sold 20,000,000 Public Units, which included the partial exercise by the Underwriters of their Over-Allotment Option (as defined in Note 6) in the amount of 2,500,000 Option Units, at a purchase price of $10.00 per Public Unit. Each Public Unit consists of one Public Share and one Public Right, which grants its holder the right to receive one-tenth (1/10) of a Class A Ordinary Share upon the consummation of an initial Business Combination.

Commencing on August 1, 2025, the holders of the Units issued in the Initial Public Offering may elect to separately trade the Public Shares and the Public Rights included in the Units. The Public Shares and the Public Rights trade on the Global Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) under the symbols “AXIN” and “AXINR,” respectively. Any Units not separated trade on the Global Market tier of Nasdaq under the symbol “AXINU.”