Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through October 1, 2026, the date that the financial statements were available to be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements, other than those disclosed below.

On July 17, 2026, the Sponsor transferred 500,000 founder shares to ArgoSat at a price of $0.003 per share pursuant to the consulting agreement between the Sponsor and ArgoSat. ArgoSat also had the right, but not the obligation, to subscribe for and acquire additional founder shares for an aggregate purchase price of up to $250,000 at a purchase price of $0.50 per share (the “ArgoSat Right”), which amount may be increased by mutual written agreement of the Sponsor and ArgoSat pursuant to the ArgoSat Consulting Agreement.

On August 8, 2026, ArgoSat purchased an additional 250,000 founder shares for $125,000 (or $0.50 per share) pursuant to the right in the ArgoSat Consulting Agreement. The right to purchase the remaining founder shares pursuant to the ArgoSat Consulting Agreement expired one week prior to the pricing of the Company’s Initial Public Offering.

In addition, the Sponsor transferred, immediately prior to effectiveness of the registration statement, 20,000 founder shares (or 60,000 in the aggregate) to the director nominees, at the price of $0.003 per share.

On August 19, 2026, the Company consummated the Initial Public Offering of 20,000,000 Units generating gross proceeds of $200,000,000. Each Unit consists of one Public Share, and one-half of one Public Warrant.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 650,000 Private Units at a price of $10.00 per Private Unit, in a private placement to the Company’s Sponsor and certain underwriters, including Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“CCM”), and Clear Street LLC (“Clear Street”), generating gross proceeds of $6,500,000. Each Private Unit consists of one Private Placement Share and one-half of one Private Placement Warrant.

The underwriter was paid a cash underwriting discount of 2.00% of the gross proceeds of the Units offered in the Initial Public Offering, or $4,000,000 in the aggregate. The underwriter used $2,000,000 of such funds to purchase from the Company 200,000 Private Units at $10.00 per Unit.

Transaction costs amounted to $12,574,886, consisting of $4,000,000 of cash underwriting fee, up to $8,000,000 of deferred underwriting fee (based on the percentage of funds remaining in the Trust Account after redemptions of Public Shares in accordance with the Underwriting Agreement between the Company and the Underwriters), and $574,886 of other offering costs.

Following the closing of the Initial Public Offering, an aggregate of $10.00 per Unit sold in the Initial Public Offering, or $200,000,000, from the net proceeds of the sale of the Units and the Private Units, was placed in a Trust Account and is initially invested in cash.

On August 18, 2026, the underwriters forfeited the over-allotment option to purchase up to an additional 3,000,000 Units. As a result, the Company forfeited 1,000,000 Class B ordinary shares, resulting in 6,666,667 Class B ordinary shares issued and outstanding.

On August 21, 2026, the Company assigned the Administrative Services Agreement with the Sponsor to SCA, a Delaware limited liability company wholly and solely owned by Vikas Mittal, the Managing Member of the Company’s Sponsor. Accordingly, SCA is a related party of the Company within the meaning of Item 404 of Regulation S-K. The assignment includes no changes other than as described above.

On August 21, 2026, the Company repaid the Sponsor $267,597 to settle the outstanding balance of the Promissory Note in full.