NOTE 10. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that 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 21, 2026, the Company entered into an agreement with a service provider in which a portion of the cash fee payable to the service provider would be equal to the product of 125,000 multiplied by the redemption price of the Class A ordinary shares of the Company in connection with the Air Water Business Combination subject to the service provider providing evidence within five business days of the closing of the Air Water Business Combination that the service provider held 125,000 Class A ordinary shares of the Company as of immediately prior to the closing of the Air Water Business Combination that were not redeemed.

On July 29, 2026, the Company held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”), at which shareholders approved the previously announced Air Water Business Combination Agreement and the transactions contemplated thereby, including the proposed Air Water Business Combination among the Company, Air Water, PubCo and Merger Sub. Shareholders also approved the related merger proposal and other proposals necessary to effect the Air Water Business Combination.

In connection with the Extraordinary General Meeting, the Company received redemption requests from holders of 24,548,661 Class A ordinary shares of the Company.