v3.26.1
PRIVATE PLACEMENT
6 Months Ended
Jun. 30, 2026
Disclosure Of Private Placement Abstract  
PRIVATE PLACEMENT

NOTE 4. PRIVATE PLACEMENT

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 512,500 Private Placement Units at a price of $10.00 per unit, generating gross proceeds of $5,125,000 as follows: (i) by and between the Company and the Sponsor to purchase an aggregate of 247,500 Private Placement Units for an aggregate purchase price of $2,475,000, (ii) by and between the Company and EBC and its designees to purchase an aggregate of 137,500 Private Placement Units for an aggregate purchase price of $1,375,000, and (iii) by and between the Company and the third-party investors to purchase an aggregate of 127,500 Private Placement Units for an aggregate purchase price of $1,275,000. Simultaneously with the June 10, 2026 closing of the Underwriters’ partial exercise of their Over-Allotment Option, the Company sold an additional 55,125 Private Placement Units to the Sponsor and EBC and its designees, at a price of $10.00 per Private Placement Unit, generating gross proceeds of $551,250. The proceeds from the sale of the Private Placement Units were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Units will expire worthless.