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spac:RedemptionAt100PercentOfMaximumMember emac:LessOrdinarySharesRedeemedMember 2026-06-30 2026-06-30 0002143060 emac:FullOverAllotmentMember spac:RedemptionAt100PercentOfMaximumMember emac:LessOrdinarySharesRedeemedMember 2026-06-30 2026-06-30 iso4217:USD shares iso4217:USD shares pure AMENDMENT NO. 2 Essential Minerals Acquisition Corp E9 Non-accelerated Filer true true false true true 5750000 750000 25000 0.004 We will have until the date that is 21 months from the closing of this offering or until such earlier liquidation date as our board of directors may approve to consummate our initial business combination, which we refer to herein as the "completion window". If we anticipate that we may be unable to consummate our initial business combination within the completion window, we may seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination. P21M true <table cellpadding="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td colspan="34" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">As of June 30, 2026</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Offering <br/> Price of <br/> $10.00 per <br/> Unit</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">25% of Maximum <br/> Redemption</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">50% of Maximum <br/> Redemption</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">75% of Maximum <br/> Redemption</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Maximum <br/> Redemption</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Adjusted <br/> NTBVPS</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Adjusted <br/> NTBVPS</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Difference <br/> between <br/> Adjusted <br/> NTBVPS <br/> and <br/> Offering <br/> Price</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Adjusted <br/> NTBVPS</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Difference <br/> between <br/> Adjusted <br/> NTBVPS <br/> and <br/> Offering <br/> Price</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Adjusted <br/> NTBVPS</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Difference <br/> between <br/> Adjusted <br/> NTBVPS <br/> and <br/> Offering <br/> Price</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Adjusted <br/> NTBVPS</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td><td style="font-weight: bold; padding-bottom: 1pt"><span style="-keep: true"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><span style="-keep: true">Difference <br/> between <br/> Adjusted <br/> NTBVPS <br/> and <br/> Offering <br/> Price</span></td><td style="padding-bottom: 1pt; font-weight: bold"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td colspan="34" style="font-style: italic; text-align: center"><span style="-keep: true">Assuming Full Exercise of Over-Allotment Option</span></td><td style="font-style: italic"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 9%; text-align: right"><span style="-keep: true">7.11</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 9%; text-align: right"><span style="-keep: true">6.53</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">3.47</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">5.63</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">4.37</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">4.00</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-hidden: hidden-fact-2">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">6.00</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">0.21</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td><td style="width: 1%"><span style="-keep: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-keep: true">$</span></td><td style="width: 8%; text-align: right"><span style="-keep: true">9.79</span></td><td style="width: 1%; text-align: left"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="font-style: italic; text-align: left"><span style="-keep: true"> </span></td><td colspan="33" style="font-style: italic; text-align: center"><span style="-keep: true">Assuming No Exercise of Over-Allotment Option</span></td><td style="text-align: left"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">7.10</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">6.52</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">3.48</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">5.62</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">4.38</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">3.99</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">6.01</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">0.21</span></td><td style="text-align: left"><span style="-keep: true"> </span></td><td><span style="-keep: true"> </span></td> <td style="text-align: left"><span style="-keep: true">$</span></td><td style="text-align: right"><span style="-keep: true">9.79</span></td><td style="text-align: left"><span style="-keep: true"> </span></td></tr> </table> $10.00 7.11 6.53 3.47 5.63 4.37 4 0.21 9.79 7.1 6.52 3.48 5.62 4.38 3.99 6.01 0.21 9.79 true Essential Minerals Sponsor LLC Although our sponsor is permitted to undertake any activities permitted under applicable law, our sponsor’s business is focused on investing in our company. Mr. Hayes As of the date hereof, other than Mr. Hayes, no other entity or person has a direct or indirect material interest in our sponsor. Our independent directors will each receive, for their services as a director, an indirect interest in 30,000 founder shares through membership interests in our sponsor but will have no right to control the sponsor or participate in any decision regarding the disposal of any security held by our sponsor, or otherwise. Following this offering, Mr. Hayes will have an approximately 59.6% indirect interest in our founder shares through a membership interest in our sponsor. Our independent directors and our Chief Financial Officer will have an aggregate 2.4% indirect interest in our founder shares through membership interests in our sponsor. Other third-party accredited investors with pre-existing business relationships with our management team and sponsor will have an aggregate 38.0% indirect interest in our founder shares through membership interests in our sponsor. Other than our management team, none of the other members of our sponsor will participate in our company’s activities. Aside from Mr. Hayes, no one will have the right to control or manage the sponsor, or the right to vote or dispose of the founder shares that they hold indirectly through their membership interests in the sponsor. Additionally, Mr. Hayes will have an indirect interest in 11,250 private placement units through a membership interest in our sponsor. Of the total membership interests in our sponsor, an employee of CCM will purchase membership interests representing 15,000 private placement units and be allocated membership interests representing an indirect interest in 60,000 founder shares. See “<i>Summary - The Offering - Private placement units and constituent securities</i>. <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:</p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; border-bottom: black 1pt solid; width: 18%; text-align: center"><span style="font-size: 10pt"><b>Entity/Individual</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; width: 52%; text-align: center"><span style="font-size: 10pt"><b>Amount of Compensation to be Received <br/> or Securities Issued or to be Issued</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; width: 28%; text-align: center"><span style="font-size: 10pt"><b>Consideration Paid or to be Paid</b></span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"><span style="font-size: 10pt">Essential Minerals Sponsor LLC or an affiliate of Essential Minerals Sponsor LLC</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">$10,000 per month</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Office space, administrative and shared personnel support services</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">5,750,000 Class B ordinary shares (of which 750,000 are subject to forfeiture)</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">$25,000</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"><span style="-keep: true"> </span></td> <td style="white-space: nowrap"><span style="-keep: true"> </span></td> <td style="text-align: justify"><span style="font-size: 10pt">475,000 private placement units to be purchased simultaneously with the closing of this offering (or up to 514,375 private placement units if the underwriters’ over-allotment option is exercised in full)</span></td> <td style="white-space: nowrap"><span style="-keep: true"> </span></td> <td><span style="font-size: 10pt">$4,750,000 (or up to <span style="-sec-ix-hidden: hidden-fact-1">$5,143,750</span> if the underwriters’ over-allotment option is exercised in full)</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td style="text-align: justify"> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Up to $300,000 in loans</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Repayment of loans made to us to cover offering related and organizational expenses</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td style="text-align: justify"><span style="font-size: 10pt">Private units of the post-business combination entity, which may be issued upon conversion of up to $1,500,000 in working capital loans (borrowed from Essential Minerals Sponsor LLC or an affiliate of Essential Minerals Sponsor LLC), at a price of $10.00 per unit at the option of the lender</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Working capital loans to finance transaction costs in connection with an initial business combination</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td style="text-align: justify"> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Services in connection with identifying, investigating and completing an initial business combination</span></td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 18%"><span style="font-size: 10pt">Holders of Class B ordinary shares</span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 52%"><span style="font-size: 10pt">Anti-dilution protection upon conversion into Class A ordinary shares at a greater than one-to-one ratio</span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 28%"><span style="font-size: 10pt">Issuance of the Class A ordinary shares issuable in connection with the conversion of the founder shares on a greater than one-to-one basis upon conversion</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"><span style="font-size: 10pt">Our sponsor, our officers, directors, or our or their affiliates</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Finder’s fees, advisory fees, consulting fees, success fees</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Any services in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account</span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"> </td> <td style="white-space: nowrap"> </td> <td> </td> <td style="white-space: nowrap"> </td> <td> </td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"><span style="font-size: 10pt">Our sponsor and its affiliates</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Salary or fee in an amount that constitutes a market standard for comparable transactions in connection with our initial business combination</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Services in connection with identifying, investigating and completing an initial business combination which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account</span></td></tr> </table> 10000 5750000 750000 25000 475000 514375 4750000 300000 1500000 10 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to a letter agreement to be entered with us, each of our sponsor, directors and officers has agreed to restrictions on its ability to transfer, assign, or sell the founder shares and private placement units (including its underlying securities), as summarized in the table below.</p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 10%"><span style="font-size: 10pt"><b>Subject Securities</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 35%"><span style="font-size: 10pt"><b>Expiration Date</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 15%"><span style="font-size: 10pt"><b>Natural Persons and Entities <br/> Subject to Restrictions</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 37%"><span style="font-size: 10pt"><b>Exceptions to Transfer <br/> Restrictions</b></span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"><span style="font-size: 10pt">Founder shares</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">The earlier of (A) six months after he completion of our initial business combination or earlier if, subsequent to our initial business combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period and (B) the date following the completion of our initial business combination on which liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.</span></td> <td style="white-space: nowrap"> </td> <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Essential Minerals Sponsor LLC</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Matthew Hayes</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Michael Loughnan</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brett Hamilton</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Timothy Mackellar</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Adam Jakovich</p></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Transfers permitted (a) to our officers, directors, advisors or consultants, any affiliate or family member of any of our officers, directors, advisors or consultants, any members of the sponsor or its affiliates and funds and accounts advised by such members, any affiliates of the sponsor, or any employees of such affiliates; (b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement, in connection with an extension of the completion window or in connection with the consummation of a business combination at prices no greater than the price at which the shares or Share Rights were originally purchased; (f) pro rata distributions from our sponsor to its respective members pursuant to our sponsor’s limited liability company agreement or other charter documents; (g) by virtue of the laws of the Cayman Islands or our sponsor’s limited liability company agreement upon dissolution of our sponsor; (h) in the event of our liquidation prior to our consummation of our initial business combination; (i) in the event that, subsequent to our consummation of an initial business combination, we complete a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property; or (j) to a nominee or custodian of a person or entity to whom a transfer would be permissible under clauses (a) through (g); provided, however, that in the case of clauses (a) through (g) and clause (j) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreement.</span></td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 10%"><span style="font-size: 10pt"><b>Subject Securities</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 35%"><span style="font-size: 10pt"><b>Expiration Date</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 15%"><span style="font-size: 10pt"><b>Natural Persons and Entities <br/> Subject to Restrictions</b></span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 37%"><span style="font-size: 10pt"><b>Exceptions to Transfer <br/> Restrictions</b></span></td></tr> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in"><span style="font-size: 10pt">Private placement units (including underlying securities)</span></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">30 days after the completion of our initial business combination</span></td> <td style="white-space: nowrap"> </td> <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Essential Minerals Sponsor LLC</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Matthew Hayes</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Michael Loughnan</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brett Hamilton</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Timothy Mackellar</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Adam Jakovich</p></td> <td style="white-space: nowrap"> </td> <td><span style="font-size: 10pt">Same as above, except the underwriters shall also be permitted to make the same type of transfers to their affiliates as the sponsor can make to its affiliates as described above.</span></td></tr> </table><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="text-indent: -0.125in; padding-left: 0.125in; width: 10%"><span style="font-size: 10pt">Any units, Share Rights, ordinary shares or any other securities convertible into, or exercisable or exchangeable for, any units, ordinary shares, founder shares or rights</span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 35%"><span style="font-size: 10pt">180 days from the date of this prospectus</span></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 15%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Essential Minerals Sponsor LLC</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Matthew Hayes</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Michael Loughnan</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brett Hamilton</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Timothy Mackellar</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Adam Jakovich</p></td> <td style="white-space: nowrap; width: 1%"> </td> <td style="width: 37%"><span style="font-size: 10pt">We, our sponsor and our officers and directors have agreed that, for a period of 180 days from the date of this prospectus, we and they will not, without the prior written consent of the representative of the underwriters, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, Share Rights, shares or any other securities convertible into, or exercisable, or exchangeable for, shares, subject to certain exceptions. The representative in its sole discretion may release any of the securities subject to these lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall be with notice. Our sponsor, officers and directors are also subject to separate transfer restrictions on their founder shares and private placement units pursuant to the letter agreement described in the immediately preceding paragraphs.</span></td></tr> </table> In addition, in order to facilitate our initial business combination as determined by our sponsor in its discretion, our sponsor may surrender or forfeit, transfer or exchange our founder shares, private placement units or any of our other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions, or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities. <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Initial Business Combination</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We are not presently engaged in, and we will not engage in, any operations for an indefinite period of time following this offering. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the private placement of the private placement units, the proceeds of the sale of our shares in connection with our initial business combination (including pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing. We may seek to complete our initial business combination with a company or business in its early stages of development or growth, which would subject us to the numerous risks inherent in such companies and businesses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We will provide our public shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion of our initial business combination either (i) in connection with a general meeting called to approve the business combination or (ii) without a shareholder vote by means of a tender offer. If we seek shareholder approval, we will complete our initial business combination only if we receive approval by way of an ordinary resolution under Cayman Islands law and our amended and restated memorandum and articles of association, which requires the affirmative vote of a simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. The decision as to whether we will seek shareholder approval of a proposed business combination or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law or stock exchange listing requirement.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We will have 21 months from the closing of this offering to consummate an initial business combination or until such earlier liquidation date as our board of directors may approve, to consummate an initial business combination, which we refer to herein as the completion window. If we anticipate that we may be unable to consummate our initial business combination within such 21-month period, we may seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination. If we seek shareholder approval for an extension, holders of public shares will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less taxes payable, other than excise taxes, if any), divided by the number of then issued and outstanding public shares, subject to applicable law. If we are unable to complete our initial business combination within the completion window we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less taxes, other than excise taxes, if any and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law and certain conditions as further described herein.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><span style="-keep: true">If we are unable to complete our initial business combination within the completion window and do not hold a shareholder vote to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, or by such earlier liquidation date as our board of directors may approve, from the closing of this offering, we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less taxes payable, other than excise taxes, if any and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law and certain conditions as further described herein. We expect the pro rata redemption price to be approximately $10.10 per public share (regardless of whether or not the underwriters exercise their over-allotment option), without taking into account any interest or other income earned on such funds. However, we cannot assure you that we will in fact be able to distribute such amounts as a result of claims of creditors, which may take priority over the claims of our public shareholders.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">If we do not complete our initial business combination within the completion window, while we do not currently intend to seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, we may elect to do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing of this offering. If we determine not to or are unable to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend the completion window, our sponsor’s investment in our founder shares and our private placement units will be worthless.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Nasdaq rules require that we must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the assets held in the trust account (excluding the deferred underwriting commissions and taxes payable on the interest earned on the trust account) at the time of the signing of the definitive agreement to enter into such business combination. Our board of directors will make the determination as to the fair market value of our initial business combination. If our board of directors is not able to independently determine the fair market value of our initial business combination, we will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While we consider it likely that our board of directors will be able to make an independent determination of the fair market value of our initial business combination, it may be unable to do so if it is less familiar or experienced with the business of a particular target or if there is a significant amount of uncertainty as to the value of the target’s assets or prospects. Additionally, pursuant to Nasdaq rules, any initial business combination must be approved by a majority of our independent directors.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We anticipate structuring our initial business combination so that the post-transaction company in which our public shareholders own shares will own or acquire 100% of the equity interests or assets of the target business or businesses. We may, however, structure our initial business combination such that the post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons, but we will only complete such business combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our shareholders prior to the business combination may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and us in the business combination. For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding capital stock, shares or other equity interests of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, our shareholders immediately prior to our initial business combination could own less than a majority of our issued and outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be taken into account for purposes of the 80% of net assets test described above. If the business combination involves more than one target business, the 80% of net assets test will be based on the aggregate value of all of the target businesses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, officers or directors or advisors. In the event we seek to complete our initial business combination with a company that is affiliated (as defined in our amended and restated memorandum and articles of association) with our sponsor, officers or directors, we, or a committee of independent directors, will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions, stating that the consideration to be paid by us in such an initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Members of our management team and our independent directors will directly or indirectly own founder shares and/or private placement units following this offering and, accordingly, may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination. The low price that our sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders. If we are unable to complete our initial business combination within the completion window, the founder shares and the private placement units (and the securities comprising such units) may expire worthless, except to the extent they receive liquidating distributions from assets outside the trust account, which could create an incentive for our sponsor, executive officers and directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders. Further, each of our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our initial business combination.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities. Accordingly, if any of our officers or directors becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then current fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such business combination opportunity to such other entity, subject to their fiduciary duties under Cayman Islands law (unless such opportunity was presented to such individuals in his or her capacity as an officer or director of our company). Our amended and restated memorandum and articles of association provide that, to the fullest extent permitted by law: (i) no individual serving as a director or an officer shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may be a corporate opportunity for any director or officer, on the one hand, and us, on the other or (b) the presentation of which would breach an existing legal obligation of a director or officer to any other entity. As a result, the fiduciary duties or contractual obligations of our officers or directors could materially affect our ability to complete our initial business combination.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">In addition, our sponsor and our officers and directors may sponsor or form other SPACs similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other SPAC with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. Accordingly, if any of our officers or directors becomes aware of a business combination opportunity which is suitable for one or more entities to which he or she has fiduciary, contractual or other obligations or duties, he or she may honor these obligations and duties to present such business combination opportunity to such other entities first. It is the intention that they will first present to us any potential business combination opportunities suitable for a SPAC prior to any similar entity (subject to any future obligations or duties) unless such opportunity is presented to them in their capacity as an officer or director of such other entity or if such other special purpose entity has a different capitalization size or target focus. Such other fiduciary duties or contractual obligations of our officers or directors could materially affect our ability to complete our initial business combination.</p><p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0">In recent years, the number of SPACs that have been formed has increased. Many potential targets for SPACs have already entered into an initial business combination, and there are numerous SPACs preparing for an initial public offering, as well as many such companies currently in registration. As a result, fewer attractive targets may be available to consummate an initial business combination. In addition, because there are numerous SPACs seeking to enter into an initial business combination with available targets, the competition for available targets with attractive fundamentals or business models may increase, which could cause target companies to demand improved financial terms. Attractive deals could also become scarcer for other reasons, such as economic or industry sector downturns (including a negative public perception of mergers involving SPACs), geopolitical tensions, or increases in the cost of additional capital needed to close business combinations or operate targets post-business combination. This could increase the cost of, delay or otherwise complicate or frustrate our ability to find and consummate an initial business combination and may result in our inability to consummate an initial business combination on terms favorable to our investors or at all.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Prior to the date of this prospectus, we will file a Registration Statement on Form 8-A with the SEC to voluntarily register our securities under Section 12 of the Securities Exchange Act of 1934, as amended, or the Exchange Act. As a result, we will be subject to the rules and regulations promulgated under the Exchange Act. We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange Act prior or subsequent to the consummation of our initial business combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">If we do not complete our initial business combination within the completion window, while we do not currently intend to seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, we may elect to do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing of this offering. If we determine not to or are unable to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend the completion window, our sponsor’s investment in our founder shares and our private placement units will be worthless.</p> while we do not currently intend to seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, we may elect to do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing of this offering. If we determine not to or are unable to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend the completion window, our sponsor’s investment in our founder shares and our private placement units will be worthless. true There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing of this offering. P36M <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manner of conducting redemptions:</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will provide our public shareholders with the opportunity to redeem all or a portion of their public shares, regardless of whether they abstain, vote for, or vote against, our initial business combination, upon the completion of our initial business combination either (i) in connection with a general meeting called to approve the initial business combination or (ii) without a shareholder vote by means of a tender offer. The decision as to whether we will seek shareholder approval of a proposed initial business combination or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law or stock exchange listing requirements. Asset acquisitions and share purchases would not typically require shareholder approval while direct mergers with our company (other than with a 90% subsidiary of ours) and any transactions where we issue more than 20% of our issued and outstanding Class A ordinary shares or seek to amend our amended and restated memorandum and articles of association would require shareholder approval. So long as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply with Nasdaq’s shareholder approval rules.</span> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><span style="-keep: true">Nasdaq rules provide that at least 90% of the gross proceeds from this offering and the sale of the private placement units be deposited in a trust account. Of the $156,625,000 in gross proceeds we receive from this offering and the sale of the private placement units described in this prospectus, or $179,800,000 if the underwriters’ over-allotment option is exercised in full, $151,500,000 ($10.10 per unit), or $174,225,000 if the underwriters’ over-allotment option is exercised in full ($10.10 per unit), will be deposited into a trust account in the United States with Continental Stock Transfer &amp; Trust Company acting as trustee, after deducting $3,000,000 in underwriting discounts and commissions payable upon the closing of this offering (or up to $3,450,000 if the underwriters’ over-allotment option is exercised in full) and an aggregate of $2,125,000 to pay fees and expenses in connection with the closing of this offering and for working capital following the closing of this offering. The proceeds held in the trust account will initially be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank. We expect that the interest earned on the trust account will be sufficient to pay taxes. We will not be permitted to withdraw any of the principal or interest held in the trust account, except for the withdrawal of interest to pay our taxes, other than excise taxes, if any, and up to $100,000 to pay dissolution expenses, as applicable, if any, until the earliest of (i) the completion of our initial business combination, (ii) the redemption of our public shares if we are unable to complete our initial business combination within the completion window, subject to applicable law, or (iii) the redemption of our public shares properly submitted in connection with a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we have not consummated our initial business combination within the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-initial business combination activity, upon approval of any such amendment.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The net proceeds released to us from the trust account upon the closing of our initial business combination may be used as consideration to pay the sellers of a target business with which we complete our initial business combination. If our initial business combination is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the consideration in connection with our initial business combination, we may use the balance of the cash released from the trust account following the closing for general corporate purposes, including for maintenance or expansion of operations of the post-transaction company, the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. There is no limitation on our ability to raise funds through the issuance of equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop arrangements we may enter into following consummation of this offering. However, our amended and restated memorandum and articles of association provides that, following this offering and prior to the consummation of our initial business combination, except in connection with the conversion of Class B ordinary shares into Class A ordinary shares where the holders of such shares have waived any rights to receive funds from the trust account, we will be prohibited from issuing additional shares or any other securities that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote as a class with public shares on any initial business combination.</span></p> 0.90 156625000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For each of the redemption scenarios above, the Adjusted NTBVPS was calculated as follows:</span></p><table cellpadding="0" style="font: 9pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="30" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>As of June 30, 2026</b></span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>25% of Maximum<br/> Redemption</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>50% of Maximum<br/> Redemption</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>75% of Maximum<br/> Redemption</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>100% of Maximum<br/> Redemption</b></span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>No Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Full Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>No Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Full Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>No Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Full Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>No Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Full Over-<br/> Allotment</b></span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Public offering price</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td> <td style="width: 0.5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="width: 7%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10.00</span></td> <td style="width: 0.5%"><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Net tangible book value deficit before this offering</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(0.01</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Increase attributable to public shareholders</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6.53</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6.54</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5.63</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5.64</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">4.00</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">4.01</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">0.22</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">0.22</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Pro forma net tangible book value after this offering</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6.52</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6.53</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5.62</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5.63</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">3.99</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">4.00</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">0.21</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">0.21</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Dilution to public shareholders</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">3.48</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">3.47</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">4.38</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">4.37</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6.01</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6.00</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">9.79</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">9.79</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b><i>% Dilution to public shareholders</i></b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">34.80</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">34.70</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">43.80</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">43.70</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">60.10</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">60.00</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">97.90</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">97.90</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">%</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Net tangible book value</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Numerator:</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Net tangible book value deficit before this offering</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(46,311</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net proceeds from this offering and the sale of private placement units⁽¹⁾</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">152,825,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">175,550,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">152,825,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">175,550,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">152,825,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">175,550,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">152,825,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">175,550,000</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Plus: Offering costs accrued for or paid in advance, excluded from tangible book value</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">52,500</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Less: Overallotment liability</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(134,700</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-4">—</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(134,700</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-5">—</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(134,700</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-6">—</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(134,700</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-7">—</span></span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Less: Deferred underwriting commission</span></td> <td><span style="-keep: true"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(4,500,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(5,175,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(3,000,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(3,450,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(1,500,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(1,725,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-8">—</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-9">—</span></span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Less: Redemptions</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(37,875,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(43,556,250</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(75,750,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(87,112,500</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(113,625,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(130,668,750</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(151,500,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(174,225,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Total</b></span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">$</span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">110,321,489</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">126,824,939</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">73,946,489</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">84,993,689</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">37,571,489</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">43,162,439</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">1,196,489</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">1,331,189</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Denominator:</b></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Ordinary shares outstanding prior to this offering</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,750,000</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Ordinary shares forfeited if over-allotment is not exercised</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(750,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-10">-</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(750,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-11">-</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(750,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-12">-</span></span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(750,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><span style="-sec-ix-hidden: hidden-fact-13">-</span></span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Ordinary shares offered</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">15,000,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">17,250,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">15,000,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">17,250,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">15,000,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">17,250,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">15,000,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">17,250,000</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Private Placement shares</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">662,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">730,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">662,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">730,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">662,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">730,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">662,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">730,000</span></td> <td><span style="-keep: true"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">Less: Ordinary shares <br/> redeemed</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(3,750,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(4,312,500</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(7,500,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(8,625,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(11,250,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(12,937,500</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(15,000,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid"><span style="-keep: true"> </span></td> <td style="border-bottom: black 1pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">(17,250,000</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">)</span></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt"><b>Total</b></span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">16,912,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">19,417,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">13,162,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">15,105,000</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">9,412,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">10,792,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">5,662,500</span></td> <td><span style="-keep: true"> </span></td> <td><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double"><span style="-keep: true"> </span></td> <td style="border-bottom: black 2.25pt double; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 9pt">6,480,000</span></td> <td><span style="-keep: true"> </span></td></tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0%"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenses applied against gross proceeds include offering expenses of approximately $800,000 and underwriting commissions of $0.20 per unit (including any units sold pursuant to the underwriters’ option to purchase additional units), or $3,000,000 in the aggregate (or up to $3,450,000 if the underwriters’ over-allotment option is exercised in full), payable to the underwriters (excluding deferred underwriting commissions). See “Use of Proceeds.”</span></td></tr></table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0%"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon the consummation of our initial business combination, the deferred underwriting commissions would be paid as follows: $0.40 per unit on all units sold including those sold pursuant to the underwriters’ option to purchase additional units, or up to $6,000,000 in the aggregate (or up to $6,900,000 in the aggregate if the underwriters’ over-allotment option is exercised in full) payable to the underwriters for deferred underwriting commissions, but such $0.40 per unit shall be due solely on amounts remaining in the trust account following all properly submitted shareholder redemptions in connection with the consummation of our initial business combination. See also “Underwriting” for a description of compensation and other items of value payable to the underwriters.</span></td></tr></table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0%"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our sponsor, initial shareholders, directors, executive officers or their affiliates may purchase shares or Share Rights in privately negotiated transactions or in the open market either prior to or following the completion of our initial business combination. In the event of any such purchases of our shares prior to the completion of our initial business combination, the number of ordinary shares subject to redemption will be reduced by the amount of any such purchases, increasing the pro forma net tangible book value per share. See “Proposed Business - Effecting Our Initial Business Combination - Permitted Purchases of Our Securities.”</span></td></tr></table> 10 10 10 10 10 10 10 10 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 6.53 6.54 5.63 5.64 4 4.01 0.22 0.22 0.22 6.52 6.53 5.62 5.63 3.99 4 0.21 0.21 3.48 3.47 4.38 4.37 6.01 6 9.79 9.79 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 -46311 152825000 175550000 152825000 175550000 152825000 175550000 152825000 175550000 52500 52500 52500 52500 52500 52500 52500 52500 -134700 -134700 -134700 -134700 -4500000 -5175000 -3000000 -3450000 -1500000 -1725000 -37875000 -43556250 -75750000 -87112500 -113625000 -130668750 -151500000 -174225000 110321489 126824939 73946489 84993689 37571489 43162439 1196489 1331189 5750000 5750000 5750000 5750000 5750000 5750000 5750000 5750000 -750000 -750000 -750000 -750000 15000000 17250000 15000000 17250000 15000000 17250000 15000000 17250000 662500 730000 662500 730000 662500 730000 662500 730000 -3750000 -4312500 -7500000 -8625000 -11250000 -12937500 -15000000 -17250000 16912500 19417500 13162500 15105000 9412500 10792500 5662500 6480000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover, we may need to obtain additional financing to complete our initial business combination, either because the transaction requires more cash than is available from the proceeds held in our trust account or because we become obligated to redeem a significant number of our public shares upon completion of the business combination, in which case we may issue additional securities or incur debt in connection with such business combination. In addition, we intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering and the sale of the private placement units, and, as a result, if the cash portion of the purchase price exceeds the amount available from the trust account, net of amounts needed to satisfy any redemptions by public shareholders, we may be required to seek additional financing to complete such proposed initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our working capital needs and transaction costs in connection with our search for and completion of our initial business combination. There is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop agreements we may enter into following consummation of this offering. Subject to compliance with applicable securities laws, we would only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account. In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Below is a table summarizing the entities to which our officers and directors currently have fiduciary duties or contractual obligations:</span></p><table cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; width: 17%; border-bottom: black 1pt solid; padding-right: 3pt; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Individual</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 28%; border-bottom: black 1pt solid; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Entity</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 28%; border-bottom: black 1pt solid; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Entity’s Business</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 24%; border-bottom: black 1pt solid; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Affiliation</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Matthew Hayes</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wagtail Capital Pty Ltd</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Corporate advisory</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Managing Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bison Resources Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public mineral exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lead Manager</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Black Bear Minerals Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public mineral exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Founder, Executive Chairman</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sun Silver Ltd</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public mineral exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Founder and Corporate Advisor</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Michael Loughnan</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Oakline Group, LLC</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private financial advisory firm</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Principal</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sunbelt Uranium Pty Ltd</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private uranium exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chandana Holdings Pty Ltd</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private sandalwood production and processing company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Copperhead (WA) Pty Ltd </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private sandalwood production and processing company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Brett Hamilton</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Propeller Head Films Pty Ltd</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private film and video production company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Producer and Managing Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Online Speechie Pty Ltd</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private speech pathology company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Co-Founder</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Timothy Mackellar</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bison Resources Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public precious metals exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trellis Holdings Pty Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private investment company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Black Bear Minerals Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public mineral exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Strategic Advisor</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Adam Jakovich</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jako Industries Pty Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Private mechanical services and engineering company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Managing Director</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; padding-left: 10pt; text-indent: -10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bison Resources Ltd.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Public precious metals exploration company</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-bottom: 2.25pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.25pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-Executive Chairman and Director</span></td></tr> <tr style="vertical-align: top"> <td style="padding-left: 10pt; text-indent: -10pt"> </td> <td style="white-space: nowrap"> </td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Villa Dalmacia Association</span></td> <td style="white-space: nowrap"> </td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nonprofit</span></td> <td style="white-space: nowrap"> </td> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman of the Board</span></td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our officers and directors are not required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations and our search for a business combination and their other businesses. We do not intend to have any full-time employees prior to the completion of our initial business combination. Each of our officers is engaged in several other business endeavors for which he may be entitled to substantial compensation, and our officers are not obligated to contribute any specific number of hours per week to our affairs.</span><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="-keep: true"> </span></td> <td style="width: 0.25in; font: 12pt Arial, Helvetica, Sans-Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 12pt Arial, Helvetica, Sans-Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our sponsor and members of our management team will directly or indirectly own our securities following this offering, and accordingly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination, including the fact that they may lose their entire investment in us if our initial business combination is not completed, except to the extent they receive liquidating distributions from assets outside the trust account or are entitled to receive liquidating distributions from the trust account in the event they choose to purchase public shares. Our initial shareholders purchased founder shares prior to the date of this prospectus and will purchase private placement units in a transaction that will close simultaneously with the closing of this offering. Upon the closing of this offering, assuming the underwriters’ overallotment option is not exercised, our sponsor will have invested in us an aggregate of $4,775,000, comprised of the $25,000 purchase price for the founder shares (or approximately $0.005 per share) and the $4,750,000 purchase price for the private placement units (or $10.00 per unit). Accordingly, our management team may be more willing to pursue a business combination with a riskier or less-established target business than would be the case if our sponsor had paid the same per share price for the founder shares as our public shareholders paid for their public shares in this offering or if our sponsor were required to pay cash to exercise the private placement units, as our sponsor and members of our management team would likely not receive any financial benefit unless we consummated such business combination. These interests of our executive officers and directors may affect the consideration paid, terms, conditions and timing relating to a business combination in a way that conflicts with the interests of our public shareholders.</span></td></tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to their founder shares, private placement shares and public shares in connection with the completion of our initial business combination. Additionally, our sponsor, officers and directors have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares and private placement shares if we fail to complete our initial business combination within the prescribed time frame, although they will be entitled to liquidating distributions from assets outside the trust account. If we do not complete our initial business combination within the prescribed time frame, the private placement units (and the securities comprising such units) will expire worthless. Furthermore, our sponsor, officers and directors have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion thereof until the earlier to occur of: (i) six months after the completion of our initial business combination or earlier if, subsequent to our initial business combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period or (ii) the date following the completion of our initial business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property. The private placement units (including the securities comprising such units) will not be transferable until 30 days following the completion of our initial business combination. Because each of our officers and director nominees will own ordinary shares or Share Rights directly or indirectly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.</span></td></tr></table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our initial business combination.</span></td></tr></table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the event our sponsor or members of our management team provide loans to us to finance transaction costs and/or incur expenses on our behalf in connection with an initial business combination, such persons may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination as such loans may not be repaid and/or such expenses may not be reimbursed unless we consummate such business combination. Upon the consummation of our initial business combination, we will repay up to an aggregate of $300,000 in loans made to us by our sponsor to cover offering-related and organizational expenses. Additionally, up to $1,500,000 of working capital loans made to us by the sponsor or an affiliate of the sponsor may be convertible into private placement units of the post-business combination entity at a price of $10.00 per unit at the option of the lender. Such units would be identical to the private placement units. Except for the foregoing, the terms of such working capital loans, if any, have not been determined and no written agreements exist with respect to such loans.</span></td></tr></table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will reimburse our sponsor or an affiliate of our sponsor for office space, utilities and secretarial and administrative support made available to us by our sponsor, in an amount equal to $10,000 per month. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.</span></td></tr></table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will reimburse the sponsor for any out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial business combination.</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">We, our sponsor and our officers and directors have agreed that, for a period of 180 days from the date of this prospectus, we and they will not, without the prior written consent of CCM, as representative of the underwriters, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, Share Rights, shares or any other securities convertible into, or exercisable, or exchangeable for, shares, subject to certain exceptions. The representative in its sole discretion may release any of the securities subject to these lock-up agreements at any time without notice, other than in the case of the officers and directors, which shall be with notice. Our sponsor, officers and directors are also subject to separate transfer restrictions on their founder shares and private placement units pursuant to the letter agreement as described herein.</p>Our initial shareholders have agreed not to transfer, assign or sell any of their founder shares or any Class A ordinary shares issuable upon conversion thereof until the earlier of: (A) six months following the completion of our initial business combination or earlier if, subsequent to our initial business combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period, and (B) subsequent to the consummation of our initial business combination, the date on which we consummate a transaction which results in all of our shareholders having the right to exchange their shares for cash, securities, or other property (except as described herein under “<i>Principal Shareholders - Restrictions on Transfers of Founder Shares and Private Placement Units</i>”). S-1/A 5143750 6.00 Limited Liability Company 0002143060 true