NOTE 9. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions that occurred after the condensed consolidated balance sheet date up to the date on which the unaudited condensed consolidated financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

On July 16, 2026, the PAD Business Combination Agreement was terminated in accordance with its terms. No termination fee was payable by either party. As a result of the Termination, the voting and support agreement, dated November 26, 2025, by and among Sponsor HoldCo, the Company and PAD (the “Sponsor Support Agreement”), terminated in accordance with its terms, and the voting and support agreements, dated January 6, 2026 and January 19, 2026, by and among PAD, the Company and certain stockholders of PAD (the “PAD Stockholder Support Agreements,” and together with the Sponsor Support Agreement, the “PAD Support Agreements”), terminated in accordance with their respective terms.

Following the Termination, the Company intends to continue to identify and evaluate opportunities to consummate an initial Business Combination. The Company must complete an initial Business Combination by November 27, 2026, unless the period within which it must complete an initial Business Combination is extended pursuant to the Company’s Amended and Restated Memorandum and Articles of Association.