NOTE 4 — PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Company in a Private Placement sold 6,100,000 Private Placement Warrants at a price of $10.00 per warrant to CCM and the Sponsor, a related party. Of the 6,100,000 warrants, the Sponsor and CCM purchased 3,775,000 and 2,325,000 Private Placement Warrants, respectively. Each Private Placement Warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share (see Note 7). The Private Placement Warrants are identical to the Public Warrants, subject to certain limited exceptions. The proceeds from the sale of the Private Placement Warrants was added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete its Initial Business Combination within the Combination Period, the proceeds of the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares, and the Private Placement Warrants may expire worthless. With certain limited exceptions, the Founder Shares will not be transferable, assignable or salable by the Sponsor or its permitted transferees until 180 days after the completion of the initial Business Combination. With certain limited exceptions, the Private Placement Warrants are not transferable, assignable or salable by the Sponsor or its permitted transferees until 30 days after the completion of the initial Business Combination. As of June 22, 2026, the Company recorded a fair value of the 6,100,000 Private Placement Warrants of $1,578,810 within shareholders’ deficit on the Company’s accompanying condensed balance sheets (see Note 10).