NOTE 3 - INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering consummated in June 2026, the Company sold 11,500,000 units at a price of $10.00 per unit, generating gross proceeds of $115,000,000. Each unit consists of one Class A ordinary share, one right to receive one-fourth (1/4) of one Class A ordinary share (each, a “Public Share Right”) upon the consummation of an initial Business Combination, and one redeemable warrant (each, a “Public Warrant”).

Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment, and will become exercisable on the later of 30 days after the completion of a Business Combination or 12 months from the closing of the Initial Public Offering. The warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The Public Share Rights will automatically convert into Class A ordinary shares upon the consummation of a Business Combination at a ratio of one-fourth (1/4) of one Class A ordinary share for each right, subject to adjustment. If the Company does not complete a Business Combination within the prescribed time period, the rights will expire worthless.

No fractional shares will be issued upon conversion of the Public Share Rights, and holders will not receive cash in lieu of fractional shares.