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E9 Non-accelerated Filer Non-accelerated Filer true true true true false false true true If we are unable to complete our initial business combination within P15M 3833333 25000 0.007 350000 250000 100000 10.00 3500000 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td colspan="35" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">As of June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Offering Price of $10.00</td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">25% of Maximum Redemption</td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">50% of Maximum Redemption</td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">75% of Maximum Redemption</td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Maximum Redemption</td></tr> <tr style="vertical-align: bottom"> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">NTBV</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">NTBV</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Difference between NTBV and Offering Price</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">NTBV</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Difference between NTBV and Offering Price</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">NTBV</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Difference between NTBV and Offering Price</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">NTBV</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Difference between NTBV and Offering Price</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td colspan="33" style="font-weight: bold; font-style: italic; text-align: center">Assuming Full Exercise of Over-Allotment Option</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_907_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--SecurityClassAxis__custom--OfferingPriceOf10.00PerUnitMember_zyaXWW0qfUa6" style="font-family: Times New Roman, Times, Serif">7.29</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_901_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember_zHmoPR43Ss94">6.70</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_905_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_zufJOuRODkf3">3.30</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 7%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_90C_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember_zGLE3Y6Btb0c" style="font-family: Times New Roman, Times, Serif">5.76</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 7%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_90D_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_zSMJ1WuLDUPl" style="font-family: Times New Roman, Times, Serif">4.24</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 7%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_904_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember_z1uXkewGEqS5" style="font-family: Times New Roman, Times, Serif">4.09</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 7%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_90D_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_zLH3dJypmlMc" style="font-family: Times New Roman, Times, Serif">5.91</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 7%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_904_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember_zY06jkYGw5Wb" style="font-family: Times New Roman, Times, Serif">0.24</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 7%; text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_90F_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_zPzQZIcK7ADk" style="font-family: Times New Roman, Times, Serif">9.76</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; font-style: italic; text-align: left"> </td><td colspan="33" style="font-weight: bold; font-style: italic; text-align: center">Assuming No Exercise of Over-Allotment Option</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_90E_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--SecurityClassAxis__custom--OfferingPriceOf10.00PerUnitMember_zny1tIi02oJ3" style="font-family: Times New Roman, Times, Serif">7.27</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_902_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember_zzi5dwikV4Sj">6.68</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_903_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_z1tb2IGp2tl5">3.32</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_905_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember_zBY2ZiZKfGi6" style="font-family: Times New Roman, Times, Serif">5.74</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_907_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_zrb6x1DlU7h8" style="font-family: Times New Roman, Times, Serif">4.26</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_907_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember_zALB3411QPFd" style="font-family: Times New Roman, Times, Serif">4.07</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_90E_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_zlhRUIYDCN7g" style="font-family: Times New Roman, Times, Serif">5.93</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDQpIEZvcmVwYXJ0LCBBZGp1c3RlZCBOVEJWAA__" id="xdx_901_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember_zV5s95ZNUt78" style="font-family: Times New Roman, Times, Serif">0.26</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGMpIERpbHV0aW9uAA__" id="xdx_904_espac--NetTangibleBookValueAdjustedPerShare_pid_c20260101__20260630__spac--OverAllotmentOptionAxis__spac--OverAllotmentOptionNotExercisedMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember__spac--SecurityClassAxis__custom--DifferenceBetweenNTBVAndOfferingPriceMember_z2b3049Zlxp6" style="font-family: Times New Roman, Times, Serif">9.74</td><td style="text-align: left"> </td></tr> </table> 7.29 6.70 3.30 5.76 4.24 4.09 5.91 0.24 9.76 7.27 6.68 3.32 5.74 4.26 4.07 5.93 0.26 9.74 true AfterNext Sponsor I LLC <p id="xdx_892_espac--SpacRegisteredOfferingProspectusSummaryIdentifyAndEvaluatePotentialBusinessCombinationCandidatesMannerTextBlock_dU_zlLwQAMeVixh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"> Business Strategy Our strategy is to identify and complete a business combination with a fintech or technology-enabled financial services company in Asia-Pacific markets (excluding Mainland China, Hong Kong, and Macau) that leverages cutting-edge technologies to drive growth and innovation. We will seek to capitalize on our team’s extensive industry knowledge, deal-sourcing capabilities, and deep relationships to build a robust pipeline of potential targets. Competitive Strengths Our competitive strengths include the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Industry Expertise and Proprietary Networks</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Proven Investment and Deal-Sourcing Track Record</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sophisticated Transaction Execution Capabilities</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Strategic Value Creation and Post-Merger Support</td></tr></table> Our Target Market Opportunities We will not undertake our initial business combination with any entity based in or with its principal business operations in Mainland China, Hong Kong or Macau. We intend to pursue fintech or technology-enabled financial service companies that are well-positioned to capitalize on favorable macroeconomic, technological, digitization, and policy trends in Asia-Pacific, including: ● Macroeconomic: rising disposable income, personal savings and consumption expenditures driven by rapid urbanization, growing middle-class populations, and increasing education levels across Asia-Pacific markets; ● Technological Advancements: the rapid development and sophistication of financial technologies, including AI, blockchain, and big data analytics, are accelerating transformation across the financial services industry, enabling innovative business models and enhanced customer experiences; ● Digitalization: the surge in mobile internet users, with increasing smartphone penetration and shifting consumer behaviors toward digital platforms are driving demand for digital banking, payments, and wealth management solutions; and ● Supportive Policy Environment: progressive regulatory frameworks that support inclusive finance and technological innovation. While we have not narrowed our focus to specific fintech verticals, we believe the following areas represent particularly attractive opportunities: ● Digital Payments and Remittances: The growth of mobile payment platforms and cross-border remittance solutions, driven by increasing smartphone adoption and demand for low-cost, efficient transaction methods. ● Insurtech: Technology-driven insurance solutions that enhance underwriting, claims processing, product distribution and customer engagement through data analytics and automation. ● Decentralized Finance (DeFi): Blockchain-based platforms that provide innovative financial services, such as lending and asset management, with growing adoption in the Asian market. ● Alternative Credit and Embedded Finance: Technology-enabled platforms that utilize artificial intelligence, big data, and alternative data sources to expand credit access, including embedded lending, leasing solutions that support underbanked and emerging consumer markets. ● Wealthtech and Asset Management Platforms: Digital wealth management, robo-advisory, and alternative investment solutions tailored to the needs of Asia-Pacific’s expanding middle class and technology-savvy investor base. ● Blockchain and Digital Assets: Selective opportunities in blockchain-enabled infrastructure, tokenization, and regulated digital asset ecosystems that can complement traditional financial services. Business Combination Criteria Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. We intend to use these criteria and guidelines in evaluating initial business combination opportunities, but we may decide to enter into our initial business combination with target business or businesses that do not meet any or all of these criteria and guidelines. <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="text-align: left; width: 0.25in">●</td> <td style="text-align: justify">Focus on fintech or technology-enabled financial service sectors</td></tr> <tr style="vertical-align: top"> <td style="text-align: left">●</td> <td style="text-align: justify">Targets positioned to leverage favorable Asia-Pacific market trends</td></tr> <tr style="vertical-align: top"> <td style="text-align: left">●</td> <td style="text-align: justify">Large addressable market with strong growth prospects</td></tr> <tr style="vertical-align: top"> <td style="text-align: left">●</td> <td style="text-align: justify">Opportunities to enhance value through active ownership</td></tr> <tr style="vertical-align: top"> <td style="text-align: left">●</td> <td style="text-align: justify">Experienced and visionary management teams</td></tr> <tr style="vertical-align: top"> <td style="text-align: left">●</td> <td style="text-align: justify">Capital market access and governance benefits</td></tr> </table> Should we seek to obtain additional financing to complete our initial business combination, either because the transaction requires more cash than is available from the proceeds held in our trust account or because we become obligated to redeem a significant number of our public shares upon completion of the business combination, we may issue additional securities or incur debt in connection with such business combination. true There is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into following consummation of this offering. The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify">Entity/Individual</td> <td> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">Amount of Compensation to be Received or Securities Issued or to be Issued</td> <td> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: justify">Consideration Paid or to be Paid</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 28%">Sponsor</td> <td style="width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 36%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDMpIEZvcmVwYXJ0LCBTcG9uc29yIENvbXBlbnNhdGlvbgA_" id="xdx_90C_espac--SecuritiesIssuedOrToBeIssuedShares_c20260708__20260708__spac--SpacSponsorAffiliateOrPromoterAxis__custom--SponsorMember__spac--CompensationNatureAxis__custom--ClassBOrdinarySharesMember_fKDEp_zIymXxfno6z">3,833,333 Class B ordinary shares(1)</td> <td style="width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 32%">$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDMpIEZvcmVwYXJ0LCBTcG9uc29yIENvbXBlbnNhdGlvbgA_" id="xdx_902_espac--PricePaidOrToBePaidForSecuritiesTotalAmount_c20260708__20260708__spac--SpacSponsorAffiliateOrPromoterAxis__custom--SponsorMember__spac--CompensationNatureAxis__custom--ClassBOrdinarySharesMember_zdQ6GC1OGGCl">25,000</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sponsor</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDMpIEZvcmVwYXJ0LCBTcG9uc29yIENvbXBlbnNhdGlvbgA_" id="xdx_902_espac--SecuritiesIssuedOrToBeIssuedShares_c20260708__20260708__spac--SpacSponsorAffiliateOrPromoterAxis__custom--SponsorMember__spac--CompensationNatureAxis__custom--PrivatePlacementUnitsMember_z29D3dyFaThj">250,000 private placement units</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGEpKDMpIEZvcmVwYXJ0LCBTcG9uc29yIENvbXBlbnNhdGlvbgA_" id="xdx_901_espac--PricePaidOrToBePaidForSecuritiesTotalAmount_c20260708__20260708__spac--SpacSponsorAffiliateOrPromoterAxis__custom--SponsorMember__spac--CompensationNatureAxis__custom--PrivatePlacementUnitsMember_zeDQx37FBhV4">2,500,000</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">AfterNext Capital Management Limited, the manager of our sponsor, or an affiliate thereof</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">$<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGIpKDYpIFByb3NwZWN0dXMgU3VtbWFyeSwgU3BvbnNvciBDb21wZW5zYXRpb24A" id="xdx_907_espac--PricePaidOrToBePaidForSecuritiesTotalAmount_c20260708__20260708_zrdNcLCJFLc">10,000 per month</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Office space and administrative services provided to us.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sponsor</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Repayment in cash</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Up to $500,000 under an unsecured, non-interest-bearing promissory note.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sponsor and our officers or directors, or affiliates thereof</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><p class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyKGIpKDYpIFByb3NwZWN0dXMgU3VtbWFyeSwgU3BvbnNvciBDb21wZW5zYXRpb24A" id="xdx_989_espac--SpacSponsorNatureOfReimbursement_c20260708__20260708_zSFUvDAe3NR3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination.</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expenses incurred in connection with identifying, investigating and completing an initial business combination.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sponsor and our officers or directors, or affiliates thereof</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Up to 150,000 private units upon conversion of up to $1,500,000 in working capital loans, if any, at $10.00 per unit</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Working capital loans to finance transaction costs in connection with an initial business combination</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sponsor and our officers or directors, or affiliates thereof</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Payment in cash or securities</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Customary consulting and other services in connection with the consummation of an initial business combination</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Initial shareholder</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Payment of customary transfer agent, rights agent, trustee, and escrow agent fees paid to Continental Stock Transfer & Trust Company, the president of which is an investor in an initial shareholder.</td> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Services provided by Continental Stock Transfer & Trust Company in connection with its services for acting as the transfer agent, rights agent, trustee, and escrow agent.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">(1)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Our sponsor currently owns an aggregate of 3,833,333 Class B ordinary shares, which were purchased for an aggregate of $25,000 (or approximately $0.007 per share), including up to 500,000 shares which will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriters’ over-allotment option is exercised and certain shares to be transferred to third party designees as described above. Certain of our officers and directors own an indirect interest in the founder shares held by our sponsor through membership interests owned by them in our sponsor.</td></tr><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Upon the closing of the initial business combination, the sponsor will transfer an aggregate of 120,000 Class B ordinary shares, which equals 20,000 Class B ordinary shares to each of our Chief Financial Officer Ms. Cao, our advisor Mr. Zen, and our independent directors Mr. Zhang, Mr. Chen, Mr. Yeo, and Ms. Nakauchi, as consideration for services rendered by them, provided that each transferee’s service has not been terminated prior to completion.</td></tr> </table> 3833333 25000 250000 2500000 10000 Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination. <p id="xdx_899_espac--SpacSponsorAndAffiliatesInformationRestrictionsOnSaleOfSpacSecuritiesTableTextBlock_dU_zCKmvNLNKmqg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: left"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left; width: 18%">Subject Securities</td> <td style="padding-bottom: 1pt; text-align: center; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 28%">Expiration Date</td> <td style="padding-bottom: 1pt; text-align: center; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; text-align: center; width: 18%">Persons and Entities Subject to Restrictions</td> <td style="padding-bottom: 1pt; text-align: center; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 30%">Exceptions to Transfer Restrictions</td></tr> <tr style="vertical-align: top; text-align: left"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top; text-align: left"> <td>Founder Shares</td> <td> </td> <td style="text-align: justify"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAzKGEpKDkpIFJlc3RyaWN0aW9ucyBvbiBTZWxsaW5nIFNlY3VyaXRpZXMA" id="xdx_901_espac--SpacSponsorDescriptionOfExpirationDatesOfRestrictionsTextBlock_c20260708__20260708__spac--SecurityClassAxis__spac--FounderSharesMember_zcLWmWyt3IKd">The earlier of (i) six months after the completion of our initial business combination or (ii) the date following the completion of our initial business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 10 trading days within any 20-trading day period, the founder shares will be released from the lockup.</td> <td> </td> <td><p class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAzKGEpKDkpIFJlc3RyaWN0aW9ucyBvbiBTZWxsaW5nIFNlY3VyaXRpZXMA" id="xdx_985_espac--SpacSponsorPersonsAndEntitiesSubjectToRestrictions_c20260708__20260708__spac--SecurityClassAxis__spac--FounderSharesMember_zDI58lLSWvIc" style="margin-top: 0; margin-bottom: 0">AfterNext Sponsor I LLC Zhiyang (Anna) Zhou Xiushan (Susan) Cao Kee Hiung (Eric) Wong James Zhao-Hui Zhang Kani Chen Yeow Hwee Yeo (Janus) Nana Nakauchi Third party transferees </td> <td> </td> <td class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAzKGEpKDkpIFJlc3RyaWN0aW9ucyBvbiBTZWxsaW5nIFNlY3VyaXRpZXMA" id="xdx_988_espac--SpacSponsorDescriptionOfExceptionsToRestrictionsTextBlock_c20260708__20260708__spac--SecurityClassAxis__spac--FounderSharesMember_zesbKGQhga2h" style="text-align: justify">Transfers permitted (a) to our officers, directors, advisors or consultants, any affiliate or family member of any of our officers, directors, advisors or consultants, any members or partners of the sponsor or their affiliates and funds and accounts advised by such members or partners, any affiliates of the sponsor, or any employees of such affiliates, (b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement, in connection with an extension of the 15-month period or in connection with the consummation of a business combination at prices no greater than the price at which the shares or units were originally purchased; (f) pro rata distributions from our sponsor to its respective members, partners or shareholders pursuant to our sponsor’s limited liability company agreement or other charter documents; (g) by virtue of the laws of the Cayman Islands or our sponsor’s limited liability company agreement upon dissolution of our sponsor, (h) in the event of our liquidation prior to our consummation of our initial business combination; (i) in the event that, subsequent to our consummation of an initial business combination, we complete a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property or (j) to a nominee or custodian of a person or entity to whom a transfer would be permissible under clauses (a) through (g); provided, however, that in the case of clauses (a) through (g) and clause (j) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreements.</td></tr> <tr style="vertical-align: top; text-align: left"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top; text-align: left"> <td style="text-align: justify">Private placement units (and underlying securities)</td> <td> </td> <td><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAzKGEpKDkpIFJlc3RyaWN0aW9ucyBvbiBTZWxsaW5nIFNlY3VyaXRpZXMA" id="xdx_902_espac--SpacSponsorDescriptionOfExpirationDatesOfRestrictionsTextBlock_c20260708__20260708__spac--SecurityClassAxis__custom--PrivateUnitsMember_z5jfhxxHgw25">Completion of our initial business combination</td> <td> </td> <td class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAzKGEpKDkpIFJlc3RyaWN0aW9ucyBvbiBTZWxsaW5nIFNlY3VyaXRpZXMA" id="xdx_985_espac--SpacSponsorPersonsAndEntitiesSubjectToRestrictions_c20260708__20260708__spac--SecurityClassAxis__custom--PrivateUnitsMember_zUyHyLgkcYrk" style="text-align: justify">AfterNext Sponsor I LLC and transferees EBC</td> <td> </td> <td class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAzKGEpKDkpIFJlc3RyaWN0aW9ucyBvbiBTZWxsaW5nIFNlY3VyaXRpZXMA" id="xdx_98A_espac--SpacSponsorDescriptionOfExceptionsToRestrictionsTextBlock_c20260708__20260708__spac--SecurityClassAxis__custom--PrivateUnitsMember_zuwf9cNvtY0a">Same as above</td></tr> </table> The earlier of (i) six months after the completion of our initial business combination or (ii) the date following the completion of our initial business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 10 trading days within any 20-trading day period, the founder shares will be released from the lockup. AfterNext Sponsor I LLC Transfers permitted (a) to our officers, directors, advisors or consultants, any affiliate or family member of any of our officers, directors, advisors or consultants, any members or partners of the sponsor or their affiliates and funds and accounts advised by such members or partners, any affiliates of the sponsor, or any employees of such affiliates, (b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement, in connection with an extension of the 15-month period or in connection with the consummation of a business combination at prices no greater than the price at which the shares or units were originally purchased; (f) pro rata distributions from our sponsor to its respective members, partners or shareholders pursuant to our sponsor’s limited liability company agreement or other charter documents; (g) by virtue of the laws of the Cayman Islands or our sponsor’s limited liability company agreement upon dissolution of our sponsor, (h) in the event of our liquidation prior to our consummation of our initial business combination; (i) in the event that, subsequent to our consummation of an initial business combination, we complete a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property or (j) to a nominee or custodian of a person or entity to whom a transfer would be permissible under clauses (a) through (g); provided, however, that in the case of clauses (a) through (g) and clause (j) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreements. Completion of our initial business combination AfterNext Sponsor I LLC and transferees EBC Same as above In addition, in order to facilitate our initial business combination (including in connection with a related private placement financing) or for any other reason determined by our sponsor in its sole discretion, our sponsor may surrender or forfeit, transfer or exchange the founder shares, private placement units or any of our other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions, or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities. 10,000,000 units, at $10.00 per unit (or 11,500,000 units if the underwriters’ option to purchase additional units is exercised in full), each unit consisting of:one Class A ordinary share; one right; andone warrant. The rules of NASDAQ provide that at least <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFMtSyAxNjAyLCBTUEFDIFJlZ2lzdGVyZWQgT2ZmZXJpbmdzAA__" id="xdx_903_espac--SpacTrustOrEscrowAccountGrossOfferingProceedsPlacedPercent_dp_uPure_c20260708__20260708_zYO820iSPMA4">90% of the gross proceeds from this offering and the sale of the private units be deposited in a trust account. Of the net proceeds of this offering and the sale of the private units, $100,000,000 or $115,000,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case) will be placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company, acting as trustee.Except with respect to interest earned on the funds held in the trust account that may be released to us pursuant to permitted withdrawals, the proceeds from this offering and the sale of the private units that are deposited in the trust account will not be released from the trust account until the earliest of (a) the completion of our initial business combination, (b) the redemption of any public shares properly submitted in connection with a shareholder vote to approve certain amendments to our amended and restated memorandum and articles of association (i) to delay or modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 15 months from the closing of this offering or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity and (c) the redemption of our public shares if we are unable to complete our initial business combination within 15 months from the closing of this offering, subject to applicable law. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any, which could have priority over the claims of our public shareholders. 0.90 Our officers and directors have agreed to offer all suitable business combination opportunities to us before any other person or company until we enter into a definitive agreement with respect to a business combination, subject to any pre-existing contractual or fiduciary obligations they may have. As described in “Management — Conflicts of Interest,” and “Risk Factors,” certain of our directors and officers presently have fiduciary or contractual obligations to other entities pursuant to which such officer or director is required to present a business combination opportunity to such entity. Accordingly, if any of our directors or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she has pre-existing fiduciary or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present such business combination opportunity to such entity, or in the case of a non-compete restriction, may not present such opportunity to us at all, subject to his or her fiduciary duties under Cayman Islands law.Our amended and restated memorandum and articles of association provide that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may be a corporate opportunity for any director or officer, on the one hand, and us, on the other, or (b) the presentation of which would breach an existing legal obligation of a director or officer to any other entity.In addition, our sponsor, members of our management team and our board of directors will directly or indirectly own founder shares and/or private units following this offering, as set forth in “Principal Shareholders,” and, accordingly, may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination, including the fact that they may lose their entire investment in us if our initial business combination is not completed, except to the extent they receive liquidating distributions from assets outside the trust account.Upon the closing of this offering, our sponsor and management team will have invested in us an aggregate of $2,525,000, comprised of the $25,000 purchase price for the founder shares (or approximately $0.007 per share) and the $2,500,000 purchase price for the private units. Accordingly, our management team may be more willing to pursue a business combination with a riskier or less-established target business than would be the case if our sponsor had paid the same per share price for the founder shares as our public shareholders paid for their public shares in this offering, as our sponsor and members of our management team would likely not receive any financial benefit unless we consummated such business combination. These interests of our executive officers and directors may affect the consideration paid, terms, conditions and timing relating to a business combination in a way that conflicts with the interests of our public shareholders.Additionally, the personal and financial interests of our directors and executive officers may influence their motivation in timely identifying and pursuing an initial business combination or completing our initial business combination. We will also reimburse AfterNext Capital Management Limited, the manager of our sponsor, or an affiliate thereof $10,000 per month for office space and administrative services made available to us, each as described elsewhere in this prospectus. See “— The Offering — Our Sponsor” above for further discussion on our sponsor’s and our affiliates’ shares and compensation. 0.90 103500000 7.29 6.70 3.30 5.76 4.24 4.09 5.91 0.24 9.76 7.27 6.68 3.32 5.74 4.26 4.07 5.93 0.26 9.74 <p id="xdx_89F_espac--SpacAdjustedNetTangibleBookValuePerShareWithSourcesOfDilutionTableTextBlock_dU_z1SvLEZVVyg9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 24pt"> The following tables illustrate the dilution to the public shareholders on a per-share basis, assuming no value is attributed to the rights included in the public units or the private units: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; font-weight: bold; text-indent: 0pt">Full exercise of over-allotment option</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--NoRedemptionMember_z1ooGmZEIv1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">No Redemption</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember_z2Idl0KgP3e6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">25% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember_z2E6AVC1QhU1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">50% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember_zxiIK9sde6u2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">75% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember_zFR1meHeRLZ5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-indent: 0pt; padding-left: 0pt">Public offering price</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_espac--NetTangibleBookValuePreTransactionPerShare_pid_zSqKsQTH3TNi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Net tangible book value before this offering</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.12</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.12</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.12</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.12</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.12</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Increase attributable to public shareholders and sale of the private placement units</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7.41</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6.82</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5.88</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4.21</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">0.36</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_espac--NetTangibleBookValueAdjustedPerShare_pid_z1mpjc8iiZVa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Pro forma net tangible book value after this offering</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7.29</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6.70</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5.76</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4.09</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">0.24</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_espac--NetTangibleBookValueAmountOfDilutionPerShare_pid_zOcp9F96wsh4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Dilution to public shareholders</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">2.71</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3.30</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">4.24</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">5.91</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">9.76</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Percentage of dilution to public shareholders</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">27.10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">33.00</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">42.40</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">59.10</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">97.60</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding-left: 0pt; font-weight: bold; text-indent: 0pt">No exercise of over-allotment option</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--NoRedemptionMember_zJr2WxTtKtNf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">No Redemption</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember_zuaVNM9ZOdx3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">25% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember_zfewdonvIUMe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">50% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember_z7bR6p99DS9j" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">75% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember_zDZNpqZNvO48" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-indent: 0pt; padding-left: 0pt">Public offering price</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">10.00</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_espac--NetTangibleBookValuePreTransactionPerShare_pid_zLyaEwPx0OSi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Net tangible book value before this offering</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.14</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.14</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.14</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.14</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(0.14</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Increase attributable to public shareholders and sale of the private placement units</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7.41</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6.82</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5.88</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4.21</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">0.40</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_espac--NetTangibleBookValueAdjustedPerShare_pid_zZBL8ACHXld7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Pro forma net tangible book value after this offering</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7.27</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6.68</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5.74</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4.07</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">0.26</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_espac--NetTangibleBookValueAmountOfDilutionPerShare_pid_zRZQiZSFHKdj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Dilution to public shareholders</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">2.73</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">3.32</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">4.26</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">5.93</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">9.74</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Percentage of dilution to public shareholders</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">27.30</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">33.20</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">42.60</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">59.30</td><td style="padding-bottom: 1pt; text-align: left">%</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">97.40</td><td style="padding-bottom: 1pt; text-align: left">%</td></tr> </table> For purposes of presentation, we have reduced our pro forma net tangible book value after this offering (assuming no exercise of the underwriters’ over-allotment option) by $100,000,000 because holders of up to 100% of our public shares may redeem their shares for a pro rata share of the aggregate amount then on deposit in the trust account at a per share redemption price equal to the amount in the trust account as set forth in our tender offer or proxy materials (initially anticipated to be the aggregate amount held in trust two days prior to the commencement of our tender offer or shareholders meeting, including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals), divided by the number of ordinary shares sold in this offering. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--NoRedemptionMember_z25oQ1DQAroe" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--NoRedemptionMember_zrjF6tW2QEy6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember_zyCGl17JtoLg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt25PercentOfMaximumMember_zIgixJOitV6l" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember_z8wKZ1fGjQEk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt50PercentOfMaximumMember_znaXZgFVKGq" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember_zgreBxIBiQ6b" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt75PercentOfMaximumMember_zUNWTLk5c141" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260101__20260630__spac--SecurityClassAxis__custom--NoOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember_zq7wPp5Y0fjj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20260101__20260630__spac--SecurityClassAxis__custom--FullOverAllotmentMember__spac--RedemptionLevelAxis__spac--RedemptionAt100PercentOfMaximumMember_zKKrAoCzQSOl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">No Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">25% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">50% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">75% of Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Maximum Redemptions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Without Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">With Over- Allotment</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-indent: 0pt; padding-left: 0pt">Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_espac--NetTangibleBookValue_zNqx1DoCquE8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Net tangible book deficit before this offering</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">(465,310</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40A_espac--NetTangibleBookValueAdjusted_hspac--DilutionSourceAxis__custom--NetProceedsFromThisOfferingAndTheSaleOfPrivateUnitsMember_zlYeH6anBY3e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Net proceeds from this offering and the sale of the private placement units</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100,900,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">115,900,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_espac--NetTangibleBookValueAdjusted_hspac--DilutionSourceAxis__custom--OfferingCostsAccruedForAndPaidInAdvanceExcludedFromTangibleBookValueMember_z0ur4Do1WJNc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Plus: Offering costs accrued for or paid in advance, excluded from tangible book value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">639,228</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_espac--NetTangibleBookValueAdjusted_hspac--DilutionSourceAxis__custom--OverallotmentLiabilityMember_zd9Jek9bQ9E" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Over-allotment liability</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(79,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_espac--NetTangibleBookValueAdjusted_hspac--DilutionSourceAxis__custom--RedemptionsMember_zOYo376I4L9a" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Less: Amounts paid for redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(25,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(28,750,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(50,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(57,500,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(75,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(86,250,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(100,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(115,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40D_espac--NetTangibleBookValueAdjusted_zlbEBDu9yO16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-indent: 0pt; padding-left: 0pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">100,994,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">116,073,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">75,994,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">87,323,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">50,994,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">58,573,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">25,994,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">29,823,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">994,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,073,918</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-indent: 0pt; padding-left: 0pt">Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_espac--NumberOfSharesUsedAdjustment_hspac--DilutionSourceAxis__custom--OrdinarySharesOutstandingPriorToThisOfferingMember_zH4WpJ7F1WSb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Ordinary shares outstanding prior to this offering</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,833,333</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_espac--NumberOfSharesUsedAdjustment_hspac--DilutionSourceAxis__custom--OrdinarySharesForfeitedIfOverAllotmentIsNotExercisedMember_zJTPM2yJCik8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Ordinary shares forfeited if over-allotment is not exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(500,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(500,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(500,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(500,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(500,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_espac--NumberOfSharesUsedAdjustment_hspac--DilutionSourceAxis__custom--EBCFounderSharesMember_zV4NvgtnTJud" style="vertical-align: bottom; background-color: White"> <td style="text-indent: 0pt; padding-left: 0pt">EBC founder shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_espac--NumberOfSharesUsedAdjustment_hspac--DilutionSourceAxis__custom--OrdinarySharesOfferedMember_zibXsbHiQLg2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Ordinary shares offered and sale of private placement units</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,500,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,500,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_espac--NumberOfSharesUsedAdjustment_hspac--DilutionSourceAxis__custom--PrivateSharesMember_z3qDNEyiRg2j" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt">Private placement units</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">350,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">380,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">350,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">380,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">350,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">380,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">350,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">380,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">350,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">380,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_espac--NumberOfSharesUsedAdjustment_hspac--DilutionSourceAxis__custom--OrdinarySharesRedeemedMember_zn3NLEiWuxyb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; text-indent: 0pt; padding-left: 0pt">Less: Ordinary shares redeemed</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,500,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(2,875,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(5,750,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,500,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(8,625,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(10,000,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(11,500,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40F_espac--NumberOfSharesUsedAdjustment_znHzH299EEVd" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-indent: 0pt; padding-left: 0pt">Total </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">13,883,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">15,913,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">11,383,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">13,038,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">8,883,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">10,163,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">6,383,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">7,288,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">3,883,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,413,333</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> -0.12 -0.12 -0.12 -0.12 -0.12 7.29 6.70 5.76 4.09 0.24 2.71 3.30 4.24 5.91 9.76 -0.14 -0.14 -0.14 -0.14 -0.14 7.27 6.68 5.74 4.07 0.26 2.73 3.32 4.26 5.93 9.74 -465310 -465310 -465310 -465310 -465310 -465310 -465310 -465310 -465310 -465310 100900000 115900000 100900000 115900000 100900000 115900000 100900000 115900000 100900000 115900000 639228 639228 639228 639228 639228 639228 639228 639228 639228 639228 -79000 -79000 -79000 -79000 -79000 -25000000 -28750000 -50000000 -57500000 -75000000 -86250000 -100000000 -115000000 100994918 116073918 75994918 87323918 50994918 58573918 25994918 29823918 994918 1073918 3833333 3833333 3833333 3833333 3833333 3833333 3833333 3833333 3833333 3833333 -500000 -500000 -500000 -500000 -500000 200000 200000 200000 200000 200000 200000 200000 200000 200000 200000 10000000 11500000 10000000 11500000 10000000 11500000 10000000 11500000 10000000 11500000 350000 380000 350000 380000 350000 380000 350000 380000 350000 380000 -2500000 -2875000 -5000000 -5750000 -7500000 -8625000 -10000000 -11500000 13883333 15913333 11383333 13038333 8883333 10163333 6383333 7288333 3883333 4413333 Redemption Rights for Public Shareholders upon Completion of our Initial Business Combination We will provide our public shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account as of two business days prior to the consummation of the initial business combination including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals, divided by the number of then outstanding public shares, subject to the limitations described herein. The amount in the trust account is initially anticipated to be approximately $10.00 per public share. Our initial shareholders have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares, private shares and any public shares held by them in connection with the completion of our initial business combination. Manner of Conducting Redemptions We will provide our public shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion of our initial business combination either (i) in connection with a general meeting called to approve the business combination or (ii) by means of a tender offer. The decision as to whether we will seek shareholder approval of a proposed business combination or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would require us to seek shareholder approval under the law or stock exchange listing requirement. Asset acquisitions and stock purchases would not typically require shareholder approval while direct mergers with our company and any transactions where we issue more than 20% of our outstanding ordinary shares or seek to amend our amended and restated memorandum and articles of association would require shareholder approval. If we structure a business combination transaction with a target company in a manner that requires shareholder approval, we will not have discretion as to whether to seek a shareholder vote to approve the proposed business combination. If a shareholder vote is not required and we do not decide to hold a shareholder vote for business or other legal reasons, we will, pursuant to our amended and restated memorandum and articles of association: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 20pt; text-align: left">●</td><td style="text-align: justify">conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E under the Exchange Act, which regulate issuer tender offers, and</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 20pt; text-align: left">●</td><td style="text-align: justify">file tender offer documents with the SEC prior to completing our initial business combination which contain substantially the same financial and other information about the initial business combination and the redemption rights as is required under Regulation 14A under the Exchange Act, which regulates the solicitation of proxies.</td> </tr></table> In the event that we conduct redemptions pursuant to the tender offer rules, our offer to redeem will remain open for at least 20 business days, in accordance with Rule 14e-1(a) under the Exchange Act, and we will not be permitted to complete our initial business combination until the expiration of the tender offer period. If public shareholders tender more shares than we have offered to purchase, we will withdraw the tender offer and not complete the initial business combination. If, however, shareholder approval of the transaction is required by law or stock exchange listing requirement, or we decide to obtain shareholder approval for business or other legal reasons, we will, pursuant to our amended and restated memorandum and articles of association: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 20pt; text-align: left">●</td><td style="text-align: justify">conduct the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A under the Exchange Act, which regulates the solicitation of proxies, and not pursuant to the tender offer rules, and</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"></td><td style="width: 20pt; text-align: left">●</td><td style="text-align: justify">file proxy materials with the SEC.</td> </tr></table> In the event that we seek shareholder approval of our initial business combination, we will distribute proxy materials and, in connection therewith, provide our public shareholders with the redemption rights described above upon completion of the initial business combination. If we seek shareholder approval, we will complete our initial business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority of the shareholders who hold the outstanding ordinary shares and who attend and vote in favor of the business combination, at a general meeting of our company, unless a greater vote is required under our amended and restated memorandum and articles of association or Cayman Islands law (such as, without limitation, for statutory mergers and transfers by way of continuation to other jurisdictions). A quorum for such meeting will consist of the holders present in person or by proxy of issued and outstanding shares of the company representing a simple majority of the voting power of all issued and outstanding ordinary shares of the company entitled to vote at such meeting. Our initial shareholders will count toward this quorum and have agreed to vote their founder shares, private shares and any public shares purchased during or after this offering in favor of our initial business combination. For purposes of seeking approval of an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the company, abstentions and broker non-votes will have no effect on the approval of our initial business combination once a quorum is obtained. As a result, in addition to our initial shareholders’ founder shares and private shares, (i) we would need 3,058,335 or 30.58%, of the 10,000,000 public shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business combination approved (assuming all outstanding shares are voted, including the EBC founder shares and EBC’s private shares, the EBC founder shares and private shares are voted in favor of the proposed initial business combination (although the holders are not required to do so) and the over-allotment option is not exercised), or (ii) we would not need public shareholders to vote assuming that only the minimum number of shares representing a quorum are voted, the EBC founder shares are voted in favor of the proposed initial business combination (although the holders are not required to do so) and the over-allotment option is not exercised). We will give at least 20 days prior written notice of any such meeting, if required, at which a vote shall be taken to approve our initial business combination. These quorums and voting thresholds, and the voting agreements of our initial shareholders, may make it more likely that we will consummate our initial business combination. Each public shareholder may elect to redeem its public shares irrespective of whether it votes for or against the proposed transaction, and irrespective of whether it does not vote or abstains from voting its shares. In the event the aggregate cash consideration we would be required to pay for all Class A ordinary shares that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the proposed business combination exceed the aggregate amount of cash available to us, we will not complete the business combination or redeem any shares, and all Class A ordinary shares submitted for redemption will be returned to the holders thereof. Our current executive officers, directors and director nominees, their ages and positions are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 30%; padding-right: 0pt">Name</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; width: 2%; padding-bottom: 1pt; padding-right: 0pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 6%; text-align: center; padding-right: 0pt">Age</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; width: 2%; padding-bottom: 1pt; padding-right: 0pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 60%; text-align: center; padding-right: 0pt">Position</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Zhiyang (Anna) Zhou</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">39</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Chief Executive Officer and Director</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Xiushan (Susan) Cao </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">41</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Chief Financial Officer </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Kee Hiung (Eric) Wong </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">43</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Director, Chairman of the Board of Directors</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">James Zhao-Hui Zhang</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">59</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Independent Director Nominee </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Kani Chen</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">59</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Independent Director Nominee</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Yeow Hwee Yeo (Janus)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">47</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Independent Director Nominee</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Nana Nakauchi</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: center; padding-right: 0pt">43</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; white-space: nowrap; padding-bottom: 0pt; padding-right: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-bottom: 0pt; text-align: justify; padding-right: 0pt">Independent Director Nominee</td></tr> </table> Below is a summary of the business experience of each of our executive officers, directors and director nominees: Zhiyang (Anna) Zhou. Ms. Zhou is our Chief Executive Officer and director. She has over a decade of experience in the financial services industry, including working on initial public offerings and listings. Ms. Zhou is the founder of AfterNext Capital Management Limited and has served as a managing director since July 2024. She leads the firm’s origination and execution efforts, is responsible for identifying and structuring cross-border investment opportunities, and oversees end-to-end transaction execution across the firm’s platform. Since January 2025, she has been serving as the chief financial officer of Ribbon Acquisition Corp (NASDAQ: RIBB), a blank check company seeking to consummate an initial business combination, where her primary responsibility is project sourcing and execution. From April 2021 to June 2024, Ms. Zhou was the chief financial officer of Chenghe Group Limited and Chenghe Capital Management Limited, where she worked on asset management and financial advisory services. She previously served as the chief financial officer of Chenghe Acquisition Co. (NASDAQ: CHEA) from April 2021 until its business combination with Taiwan Color Optics, Inc. (“TCO”), a Taiwan-based provider of LiDAR and ADB components and solutions, and their newly formed holding company, Semilux International Ltd. (“Semilux”), in February 2024, the chief executive officer and the chief financial officer of Chenghe Acquisition I Co. (NASDAQ: LATG) from October 2023 until its business combination with FST Corp. and Femco Steel Technology Co., Ltd., an innovative golf shaft manufacturer, in January 2025, as well as director and chief executive officer of Chenghe Acquisition II Co. (NASDAQ: CHEB) from January 2024 until June 2024, prior to its business combination. From April 2019 to April 2021, she worked as a senior research associate at Mighty Divine Asset Management, where she was responsible for equity research and portfolio management. Ms. Zhou holds a Bachelor in Mathematics and Computer Science from Universite Rene Descartes and a Master of Science in Mathematics and Statistics in Finance from the Hong Kong University of Science and Technology. Xiushan (Susan) Cao. Ms. Cao is our Chief Financial Officer. Since November 2017, she has served as Senior Manager of Investment and Financing at Wai Kee Holdings Limited (HKEX:0610) and its subsidiary Road King Infrastructure Limited (HKEX: 1098), where she has led SPAC sponsorship and pre-IPO capital raising initiatives, conducted target company evaluations, and managed investor relations. Her role also includes overseeing subsidiary-level operations and compliance, structuring offshore financing transactions, and coordinating with regulatory authorities and professional advisors in Hong Kong. From October 2016 to November 2017, Ms. Cao was a Marketing Investment Director at Dao Da (Shanghai) Real Estate Marketing Planning Co., Ltd., where she was responsible for conducting feasibility studies, brand development, and operational oversight. Between June 2015 and October 2016, she served as a Senior Manager at Unisplendour Corporation Limited, where she led venture capital, and angel investment projects. Prior to that, from June 2013 to May 2015, Ms. Cao was a Project Manager at Ganglong Holding Group, where she oversaw sales performance, marketing strategy, and project operations, including team supervision and implementation of business plans. From June 2007 to June 2013, Ms. Cao was a Sales Manager at L.Gem Group (HKEX: 00095), where she led frontline sales operations, driving revenue growth through daily performance tracking, customer acquisition, relationship management, and issue resolution. Ms. Cao is a member of The Hong Kong Institute of Chartered Governance, International Chamber of Sustainable Development and The Hong Kong Institute of Environmental, Social, and Governance. Ms. Cao holds a Bachelor in Sales and Marketing Operations from Suzhou University of Science and Technology and a Master in Corporate Governance and Compliance from Hong Kong Metropolitan University. She has also obtained an Executive MBA from Shanghai Advanced Institute of Finance SAIF, Shanghai Jiao Tong University and another master of science in real estate and urban land economics from the University of Wisconsin-Madison. Ms. Cao has also completed the Executive Program of Advanced Finance in the Wharton School. Kee Hiung (Eric) Wong. Mr. Wong is the Chairman of our board of directors. He has a decade of experience advising on capital markets transactions, mergers and acquisitions, and private equity investments. His transactional experience focuses on initial public offerings in Hong Kong and the United States, with most of these involving companies in the banking and financial services, technology, healthcare, retail and consumer, and real estate sectors. He currently serves as a managing director of AfterNext Capital Management Limited, where he leads the legal and compliance department, a role he has been holding since January 2025. In 2015, Mr. Wong joined Paul Hastings, LLP, a leading U.S.-headquartered international law firm, where he practiced as a corporate lawyer. He was promoted to counsel in 2022 and continued in that role until 2024. During his time at the firm, he advised a broad spectrum of financial institutions, including global and regional investment banks, private equity sponsors, venture capital firms, as well as corporate issuers at varying stages of growth. Mr. Wong holds a Bachelor of Engineering from the University of Birmingham and a Bachelor of Laws from University of Law in United Kingdom (previously known as College of Law). We believe that Mr. Wong is qualified to serve on our board due to his extensive experience in capital markets, mergers and acquisitions, and leadership in legal and compliance matters. James Zhao-Hui Zhang. Dr. Zhang will become one of our independent directors upon the effectiveness of the registration statement of which this prospectus forms a part. He has significant experience in entrepreneurship and venture capitalist in both the U.S. and greater China. From August 2021 to June 2024, Dr. Zhang was the chief investment officer, technologies and venture capital, of Great Eagle Holdings Limited (HKEX: 00041), a multinational corporation with rich experiences in technology investment, property development, and hotel and property management. Since June 2024, he has been serving as advisor to the chairman of Great Eagle Holdings Limited, providing strategic advice on investment. Dr. Zhang has been an Adjunct Associate Professor of Finance since August 2019 and an Associate Professor of Science Practice since February 2022 at Hong Kong University of Science and Technology, where he teaches venture capital and entrepreneurship. Dr. Zhang has also been an advisor of Venture University and a partner at VU Venture Partners since 2020, where he co-founded the Asian Office based in Hong Kong. Dr. Zhang also serves as co-founder and director of WaterCare Technologies Limited. Dr. Zhang served as director of Base Therapeutics Group Holding Limited, and director of Great Eagle Venture Capital (HK) Limited. Dr. Zhang served as an independent director of Chenghe Acquisition II Co (NASDAQ: CHEB), which consummated its business combination with Polibeli Group Ltd., a B2B e-commerce platform headquartered in Indonesia, between June 2024 and August 2025, and has served as an independent director of Ribbon Acquisition Corp (NASDAQ: RIBB) since January 2025. He was an independent director of Chenghe Acquisition I Co. (NASDAQ: LATG) from October 2023 to January 2025. Dr. Zhang was a venture partner of the GRC Fund from September 2014 to July 2021, co-founder, chief executive officer and director of Modular Bioscience Inc. from March 2018 to December 2021, director of Centrillion Technologies Taiwan from February 2016 to June 2023, founding partner of Formation 8 (currently named 8VC) from 2012 to 2015, venture partner of Softbank China Venture Capital from 2010 to 2012, and entrepreneur in residence at Khosla Ventures from 2009 to 2010. Prior to becoming a venture capitalist, Dr. Zhang was an entrepreneur in Silicon Valley for over ten years, and co-founder of several startup companies. Dr. Zhang received his Ph.D. in Genetics from the University of California, Davis, and has completed post-doctoral and business trainings from Stanford University and Stanford Graduate School of Business, respectively. We believe that Dr. Zhang is qualified to serve on our board due to his significant experience in finance and investment. Kani Chen. Dr. Chen will become one of our independent directors upon the effectiveness of the registration statement of which this prospectus forms a part. Dr. Chen has extensive fintech experience, leading academic programs and research labs focused on financial technology and mathematics, while contributing significantly to statistical research. Since 1995, Dr. Chen has held various academic positions at the Hong Kong University of Science and Technology (“HKUST”). Since August 2017, he has been the program director of the MSc Program of Financial Mathematics at HKUST; and since October 2018, he has also been the director of the CryptoFinTech Lab of HKUST where he supervises various fintech related projects. From September 2019 to April 2021, he was the co-director of the MSc Program of Financial Technology at HKUST. From September 2017 to August 2020, Dr. Chen served as the co-director of the Program of Risk Management and Business Intelligence at HKUST. Dr. Chen has co-authored over 60 papers on statistics and is currently leading several research projects. Dr. Chen holds a Bachelor of Science and Master of Science from Beijing University and a PhD from Columbia University. Dr. Chen’s extensive knowledge in fintech, statistics and business intelligence make him an ideal fit for our board. Yeow Hwee Yeo (Janus). Mr. Yeo will become one of our independent directors upon the effectiveness of the registration statement of which this prospectus forms a part. Mr. Yeo has over two decades of investment and fund management experiences. He joined CAP 1 Financial Group in 2013 and currently serves as the group chief executive officer and equity partner, where he identifies and invests into companies which exhibits strong growth potential and with the necessary network and strategic alliances. Prior to that, Mr. Yeo held investment roles at Deutsche Bank AG, DBS Private Bank, and the Canadian Imperial Bank of Commerce (CIBC), where he advised family offices and sovereign wealth funds. He is also a senior accredited director, accredited by the Singapore Institute of Directors, and holds directorships on various investment boards as permissible fund manager. Mr. Yeo holds a Bachelor in Business Administration (Banking and Finance) from the National University of Singapore. We believe Mr. Yeo’s extensive experience in investment and fund management will be valuable for our board. Nana Nakauchi. Ms. Nakauchi will become one of our independent directors upon the effectiveness of the registration statement of which this prospectus forms a part. She brings 18 years of expertise in corporate strategy, cross-border mergers and acquisitions, and private investment, specializing in guiding Japanese companies’ expansion into Asian markets. Ms. Nakauchi founded BigSmall Co., Ltd. and has been serving as its chief executive officer since December 2021, specializing in financial advisory, investment and consulting. She was also the founder of Total Solution Co., Ltd., a Japan-based business consulting firm, and has been acting as its chief executive officer since 2009. These firms have advised numerous companies on their path to public listing, providing support on strategic planning, market entry, investor introductions, and structuring. Ms. Nakauchi has extensive experience in advising clients on cross-border expansion, strategic partnerships, and mergers and acquisitions across Asia, notably guiding a Japanese food and beverage chain in acquiring a regional hospitality group, supporting a major convenience store operator’s market entry into a key Asian city, and facilitating a financial services partnership between a Japanese credit card company and a leading Asian investment firm. She also actively involves in private investments and supporting local companies in Japan in achieving successful IPOs on the Tokyo Stock Exchange, and NASDAQ. She holds a Bachelor of Arts in Economics from Boston College. We believe that Ms. Nakauchi is qualified to serve on our board due to her extensive experience in corporate strategy, cross-border mergers and acquisitions, and advising on Asian market expansions and IPOs. Advisor We may seek guidance and advice from the following advisor. We have no formal arrangement or agreement with this advisor to provide services to us and he has no fiduciary obligation to present business opportunities to us. This special advisor will provide advice, introductions to potential targets, and assistance to us, at our request, only if he is able to do so. Nevertheless, we believe with his business background and extensive contacts, he will be helpful to our search for a target business and our consummation of a business combination. Wei Pao William Zen. Mr. Zen has over 55 years of experience in civil engineering industry. He is the former chairman of Wai Kee Holdings Limited (HKEX: 0610) and had been with the group since 1971, where he was responsible for the overall strategic planning and corporate marketing and development of the group and oversees the operations of the group’s highway and expressway, property development and bio-technology divisions. He recently stepped down from its board after more than five decades of leadership and service. Mr. Zen also founded Road King Infrastructure Limited (HKEX: 1098) in 1994 and was its co-chairman until 2021. He holds a Bachelor of Science from The Chinese University of Hong Kong and a Master of Business Administration from Asia International Open University (Macau). He also attended Executive Education Program at Harvard University. He is a member of both the Hong Kong Institution of Engineers and the Institute of Quarrying, UK. We believe Mr. Zen’s half-century of leadership in listed companies, capital markets transactions, and cross-industry expansion makes him a highly valuable advisor to us, as his governance expertise, strategic judgment, and regional network enhance our credibility and ability to execute a successful business combination. Conflicts of InterestEach of our officers and directors presently has, and any of them in the future may have additional, fiduciary, or contractual obligations to other entities pursuant to which such officer or director is or will be required to present business combination opportunities to such entity. Below is a table summarizing the entities to which our officers and directors currently have fiduciary duties or contractual obligations:<div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt; width: 24%">Individual</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt; width: 44%">Entity</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt; width: 28%">Affiliation </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Zhiyang (Anna) Zhou</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">AfterNext Capital Management Limited Ribbon Acquisition Corp (NASDAQ: RIBB)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Founder and Managing Director CFO</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Xiushan (Susan) Cao</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">N/A</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">N/A </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Kee Hiung (Eric) Wong </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">AfterNext Capital Management Limited </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Managing Director </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">James Zhao-Hui Zhang</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Great Eagle Holding Limited </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Advisor to the chairman </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Hong Kong University of Science and Technology</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Adjunct Associate Professor</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">VU Venture Partners</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Partner</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">WaterCare Technologies Limited</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Co-founder</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Base Therapeutics Group Holding Limited</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Director</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Ribbon Acquisition Corp</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Director</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Kani Chen</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">CryptoFinTech Lab of HKUST</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> Director </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Yeow Hwee Yeo (Janus)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">CAP 1 FINANCIAL GROUP Casa Raudha (non-profit organization)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Partner and CEO Investment Committee</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"></td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Nana Nakauchi</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">BigSmall Co., Ltd. Total Solution Co., Ltd.</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0pt; text-indent: 0pt">Founder and CEO Founder and CEO </td></tr> </table> </div> Potential investors should also be aware of the following other potential conflicts of interest: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Members of our management team directly or indirectly own founder shares and, accordingly may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The per share price that the members of management team paid for the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if the Company selects an acquisition target that subsequently declines in value and is unprofitable for public investors.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20pt; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">In the event we do not consummate a business combination within the completion window, the founder shares, the rights, the warrants, the private units, and their underlying securities will expire worthless, which could create an incentive for our officers and directors to complete any transaction, regardless of its ultimate value.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20pt; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">None of our officers or directors is required to commit his or her full time to our affairs and, accordingly, may have conflicts of interest in allocating his or her time among various business activities.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20pt; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">In the course of their other business activities, our officers and directors may become aware of investment and business opportunities which may be appropriate for presentation to us as well as the other entities with which they are affiliated.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20pt; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Our shareholders prior to this offering have agreed to waive their redemption rights with respect to any founder shares, EBC founder shares, private shares and any public shares held by them in connection with the consummation of our initial business combination. Additionally, they have agreed to waive their redemption rights with respect to any founder shares, EBC founder shares and private shares held by them if we fail to consummate our initial business combination within 15 months from the closing of this offering. If we do not complete our initial business combination within such applicable time period, the funds held in the trust account will be used to fund the redemption of only our public shares, and the private units and underlying securities will not be redeemed. The founder shares held by our sponsor and management team will not, subject to certain exceptions, be transferred, assigned, sold or released from escrow until six months after the date of the consummation of the initial business combination, or earlier, if, subsequent to our initial business combination, we consummate a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of our shareholders having the right to exchange their shares for cash, securities or other property; provided that 50% of the founder shares shall be released from the foregoing lockup provisions if the closing price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 10 trading days within any 20-trading day period. Since members of our management may directly or indirectly own ordinary shares, rights and warrants following this offering, our officers and directors may have a conflict of interest in determining whether a particular target business is an appropriate business with which to complete our initial business combination.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our initial business combination.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 20pt; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Our initial shareholders may have a conflict of interest with respect to evaluating a business combination and financing arrangements as we may obtain loans from our initial shareholders, officers, directors or their affiliates to finance transaction costs in connection with an intended initial business combination. Up to $1,500,000 of such loans may be convertible into working capital units at a price of $10.00 per unit at the option of the lender. Such working capital units would be identical to the private units sold in the private placement.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">We will reimburse AfterNext Capital Management Limited, the manager of our sponsor, or an affiliate thereof in an amount equal to $10,000 per month for office space and administrative services made available to us, as described elsewhere in this prospectus.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Upon consummation of this offering, we will repay up to $500,000 in loans that may be made to us by our sponsor to cover a portion of the expenses of this offering. Additionally, members of our management team will be entitled to reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination. As a result, there may be actual or potential material conflicts of interest between members of our management team, our sponsor and its affiliates on one hand, and purchasers in this offering on the other.</td></tr></table> The conflicts described above may not be resolved in our favor. In general, officers and directors of a company incorporated under the laws of Cayman Islands are required to present business opportunities to a company if: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">the company could financially undertake the opportunity;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">the opportunity is within the company’s line of business; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.5in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">it would not be fair to our company and its shareholders for the opportunity not to be brought to the attention of the company.</td></tr></table> On August 29, 2025, the sponsor entered into a certain subscription agreement with the company, paying $25,000, or approximately $0.007 per share, to cover certain of our offering costs in exchange for the issuance of 3,833,333 founder shares in the sponsor. Our sponsor intends to transfer an aggregate of 1,050,000 founder shares on the closing of this offering to third party designees of the sponsor that are purchasing certain of the private placement units and to transfer an additional number of shares to such designees after the consummation of our initial business combination upon certain events occurring. On September 17, 2025, we issued to EarlyBirdCapital, Inc. 200,000 Class A Ordinary Shares for a total of $1,304.35 or approximately $0.007 per share. Prior to the initial investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 11,500,000 units if the underwriters’ over-allotment option is exercised in full, and therefore that such founder shares would represent 33% of the Class A ordinary shares issued in this offering. Up to 500,000 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment is exercised. The post-offering percentages in the following table assume that the underwriters do not exercise its over-allotment option, that 500,000 founder shares have been surrendered to us for no consideration, and that there are 13,883,333 ordinary shares issued and outstanding after this offering. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Class A Ordinary SharesBeneficially Owned</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Approximate Percentage of Outstanding Class A Ordinary Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of Class B Ordinary Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Approximate Percentage of Outstanding Class B Ordinary Shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">Name and Address of Beneficial Owner(1)</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Before Offering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">After Offering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Before Offering</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">After Offering</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Beneficially Owned(2)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Before Offering</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">After Offering</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left">AfterNext Sponsor I LLC(3)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">250,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">2.4</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">3,333,333</td><td style="width: 1%; text-align: left"></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 5%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Zhiyang (Anna) Zhou</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">250,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.4</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,333,333</td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Xiushan (Susan) Cao</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Kee Hiung (Eric) Wong</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">250,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.4</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,333,333</td><td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">James Zhao-Hui Zhang</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Kani Chen</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Yeow Hwee Yeo (Janus)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Nana Nakauchi</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">All executive officers, directors and director nominees as a group (seven individuals)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">EarlyBirdCapital, Inc.(4)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">200,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">300,000</td><td style="text-align: left"> (5)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.8</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; width: 0.5in">(1)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Unless otherwise noted, the business address of each of the following is c/o AfterNext Acquisition I Corp., 13 Stamford Road, #02-11, Singapore 178905.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; width: 0.5in">(2)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Interests shown consist solely of founder shares, classified as Class B ordinary shares. Such shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment, as described in the section entitled “Description of Securities.”</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">(3)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">AfterNext Sponsor I LLC, our sponsor, is the record holder of such shares. Ms. Zhou and Mr. Wong are the managing members of AfterNext Sponsor I LLC and hold voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Ms. Zhou and Mr. Wong disclaim any beneficial ownership of the securities held by the sponsor other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Does not give effect to the transfer of 1,050,000 shares to third party designees of the sponsor upon consummation of this offering that are purchasing certain of the private placement units and the potential transfer of up to an aggregate of an additional 1,000,000 shares to such designees after the consummation of our initial business combination upon certain events occurring.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">(4)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The address of EarlyBirdCapital, Inc. is 366 Madison Avenue, 8th Floor, New York, NY 10017.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">(5)</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Includes 100,000 Class A ordinary shares included in private units to be purchased by EarlyBirdCapital or its designees simultaneously with this offering. David Nussbaum and Steven Levine share voting and dispositive power over the shares held by EarlyBirdCapital, Inc.</td></tr></table> Our sponsor currently owns an aggregate of 3,833,333 Class B ordinary shares, which were purchased for an aggregate of $25,000 (or approximately $0.007 per share), including up to 500,000 shares which will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriters’ over-allotment option is exercised and certain shares to be transferred to third party designees as described above. Certain of our officers and directors own an indirect interest in the founder shares held by our sponsor through membership interests owned by them in our sponsor.