Note 3 - Initial Public Offering

In the Initial Public Offering on March 30, 2026, the Company sold 11,200,000 Units, which includes the partial exercise by the underwriters of their over-allotment option in the amount of 1,200,000 Units, at a price of $10.00 per Unit. Each Unit had a price of $10.00 and consists of one Public Share, and one Public Right to receive one fifth (1/5) of an ordinary share upon the consummation of an initial Business Combination.

The Company granted the underwriter a 45-day option to purchase up to an additional 1,500,000 Units at the Initial Public Offering price. As of April 30, 2026, over-allotment option in the amount of 300,000 Units was not exercised.

Transaction costs related to Initial Public Offering amounted to $1,866,553, consisting of $1,400,000 of cash underwriting fee, and $466,553 of other offering costs.