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 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 financial statements.

As of June 30, 2026, the Founder Shares included an aggregate of up to 700,000 Class B Ordinary Shares subject to forfeiture if the remainder of the Over-Allotment Option was not exercised. On July 16, 2026, the underwriters forfeited the remaining unexercised balance of 2,100,000 additional Units in connection with the expiration of the over-allotment option. As a result of the forfeiture of the unexercised over-allotment option by the underwriters, 700,000 Founder Shares were forfeited by the Sponsor for no consideration. Accordingly, the Company removed the liability from its statement of financial position as the underlying obligation ceased to exist.

On July 17, 2026, the Company announced that, commencing on July 20, 2026, the holders of the units issued in its initial public offering, each Unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share and one right to receive one-tenth (1/10) of one Class A Ordinary Share upon the consummation of the Company’s initial business combination, may elect to separately trade the Class A Ordinary Shares and the Share Rights included in the Units. Any Units not separated will continue to trade on the Nasdaq Global Market under the symbol “BIDWU.” The Class A Ordinary Shares and the Share Rights are expected to trade on the Nasdaq Global Market under the symbols “BID” and “BIDWR,” respectively. Holders of Units will need to have their brokers contact Efficiency, INC., the Company’s transfer agent, in order to separate their respective Units into Class A Ordinary Shares and Share Rights.