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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited financial statements were issued. The Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited financial statements, other than as noted below.

 

All extension fees have been fully deposited in the Trust Account as of the date of this report.

 

On May 3, 2026, the Company and GFT entered into a Mutual Termination Agreement (the “GFT Termination Agreement”), pursuant to which the parties mutually agreed to terminate the GFT Merger Agreement. The GFT Termination Agreement provides for a mutual release of claims. No termination fee was payable by either party.

 

On May 8, 2026, the Company entered into a letter of intent (the “Letter of Intent”) with Bluechip & Co. Holdings (“Bluechip”), a Cayman Islands exempt company, in connection with a proposed business combination transaction (the “Proposed Transaction”). The Letter of Intent provides for a 90-day exclusive negotiation period during which the Company is conducting due diligence on Bluechip and the parties are negotiating the terms of a definitive agreement. The Proposed Transaction remains subject to the completion of due diligence, negotiation and execution of definitive agreements, satisfaction of customary closing conditions, and approval by the boards and shareholders of the parties. There can be no assurance that the parties will enter into a definitive agreement or that the Proposed Transaction will be consummated.