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10-K true 2026-08-31 --08-31 2026 false 001-43164 APEX TECH ACQUISITION INC. E9 00-0000000 13501 Katy Freeway Houston TX 77079 (840) 244-9122 Units, each consisting of one ordinary share, $0.0001 par value, and one right to receive one-fourth (1/4) of one ordinary share TRADU NYSE Ordinary shares, par value $0.0001 per share TRAD NYSE Rights, each entitling the holder to receive one-fourth (1/4) of one ordinary share TRADR NYSE No No Yes Yes Non-accelerated Filer true true false false false true 0 14637000 0.0001 None Item 1C. Cybersecurity We are a blank check company with no operations, no employees other than our two executive officers, and no information technology systems of our own beyond the personal computing devices and third-party email and cloud services used by our officers and directors. Because we do not operate a business, we do not currently maintain a formal enterprise cybersecurity program. Our management, and in particular our Chief Financial Officer, is responsible for assessing and managing the risks from cybersecurity threats that could affect us, principally the risk of unauthorized access to information concerning potential business combination targets and the risk of fraudulent payment instructions directed at funds held outside the trust account. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskBoardOfDirectorsOversightTextBlock_c20250901__20260831_zit1qDsoUob1">Our board of directors, through its<span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250901__20260831_zWxkqahbMMH5"> audit committee, oversees these risks and receives reports from management as needed. We rely on the cybersecurity practices of the <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_906_ecyd--CybersecurityRiskManagementThirdPartyEngagedFlag_dbT_c20250901__20260831_zVKfNesWaqX3">third-party service providers on which we depend, including our transfer agent and rights agent, the trustee of the trust account and our financial reporting and filing agents, and we have not engaged any assessor, consultant or auditor with respect to cybersecurity. As of the date of this Annual Report, we are not aware of any cybersecurity incident that has <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90E_ecyd--CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_dbF_c20250901__20260831_zjTkNU7KZUH6">materially affected, or is reasonably likely to materially affect, us, including our business strategy, results of operations or financial condition. In connection with our evaluation of any target business, we expect to assess the cybersecurity risks of that business as part of our due diligence. Our board of directors, through its<span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_c20250901__20260831_zWxkqahbMMH5"> audit committee, oversees these risks and receives reports from management as needed audit committee, oversees these risks and receives reports from management true false false false false false false false true 2485 We have audited the accompanying balance sheets of APEX Tech Acquisition Inc. (the “Company”) as of August 31, 2026 and 2025, and the related statements of operations, changes in shareholders’ (deficit) equity, and cash flows for the years ended August 31, 2026 and for the period from August 29, 2025 (inception) through August 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of August 31, 2026 and 2025, and the results of its operations and its cash flows for the year ended August 31, 2026 and for the period from August 29, 2025 (inception) through August 31, 2025, in conformity with accounting principles generally accepted in the United States of America. Simon & Edward, LLP Rowland Heights, California

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<p id="xdx_804_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_zBWSPxW1xcY3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Note 1 — Organization, Business Operations APEX Tech Acquisition Inc. (the “Company”) is a blank check company incorporated under the laws of the Cayman Islands as an exempted company with limited liability on August 29, 2025. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities (“Business Combination”). The Company’s efforts to identify a prospective target business were not limited to a particular industry or geographic region. On October 20, 2026, the Company entered into the Merger Agreement with Korai described in Note 9. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. The Company has selected August 31 as its fiscal year end. The Company’s founder and sponsor is APEX INNOVATION ACQUISITION CORP., a Delaware corporation (the “Sponsor”). As of August 31, 2026, the Company had not commenced any operations. For the period from August 29, 2025 (inception) through August 31, 2026, the Company’s efforts have been limited to organizational activities as well as activities related to completing the Initial Public Offering (“IPO”), as described below, and subsequent to the IPO, identifying a target company for a Business Combination. The Company will not generate any operating revenue until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of dividend and/or interest income from the proceeds derived from the IPO and sale of Private Shares (as defined below). The registration statement for the Company’s IPO became effective on February 25, 2026. On February 27, 2026, the Company consummated the IPO of 11,197,131 units (the “Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”) including the partial exercise of the over-allotment option of <span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pid_c20260226__20260227__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zi2TkWzHOYHe" title="Number of units issued during period">1,197,131 Units granted to the underwriters. Each Unit consists of one ordinary share and one right to receive one-fourth (1/4) of one ordinary share upon the completion of the initial Business Combination. The Units were sold at an offering price of $10.00 per unit, generating gross proceeds of $111,971,310. Simultaneously with the closing of the IPO and the sale of the Units, the Company consummated the private placement of <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20260226__20260227__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zcWBIXgj6AL" title="Private placement units issued during period">208,971 units (the “Private Units”) to the Sponsor at a price of $10.00 per Private Unit, generating total proceeds of $<span id="xdx_903_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20260226__20260227__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zIM61I7hXBdd" title="Proceeds from issuance of private placement">2,089,710, which is described in Note 4. On April 10, 2026, the underwriters notified the Company of their exercise of the remaining balance of the over-allotment option to purchase an additional 302,869 Units at a price of $10.00 per Unit. The closing of the over-allotment option occurred on April 15, 2026, generating additional gross proceeds of $3,028,690. Simultaneously with the closing of the over-allotment option, the Company consummated the private placement of an aggregate of 3,029 Private Units to the Sponsor, at a price of $10.00 per Private Unit, generating gross proceeds of $30,290. As a result, the Company sold an aggregate of 11,500,000 Public Units and 212,000 Private Units. Transaction costs amounted to $1,582,000 consisting of $1,150,000 of underwriting commissions which was paid in cash at the closing date of the IPO and over-allotment, $77,800 estimated fair value of the Representative Shares (discussed below), and $354,200 of legal and other offering costs. At the IPO date, cash of $584,080 was held outside of the Trust Account (as defined below) and was available for working capital purposes. In conjunction with the IPO, the Company issued to the underwriter 50,000 ordinary shares for no consideration (the “Representative Shares”). The fair value of the Representative Shares accounted for as compensation under Accounting Standards Codification (“ASC”) 718, “Compensation – Stock Compensation” (“ASC 718”) is included in the offering costs. The estimated fair value of the Representative Shares as of the IPO date totaled $77,800. Following the closing of the IPO on February 27, 2026 and over-allotment option on April 15, 2026, an amount of $115,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units and Private Units in the IPO and over-allotment was placed in a trust account (the “Trust Account”), with Continental Stock Transfer & Trust Company acting as trustee. The funds placed in the Trust Account are initially to be held in cash, including demand deposit accounts at a bank, or invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, with a maturity of 185 days or less, or in money market funds meeting certain conditions of Rule 2a-7 of the Investment Company Act of 1940 which invest only in direct U.S. government treasury obligations, as determined by the Company. The proceeds from this offering held in the Trust Account will not be released from the Trust Account (1) to the Company, until the completion of the initial business combination, or (2) to public shareholders, until the earliest of: (a) the completion of the initial Business Combination, (b) the redemption of the public shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial business combination or to redeem 100% of the Company’s public shares if the Company has not consummated an initial business combination within the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity, or (c) the Company’s failure to complete an initial Business Combination within the Combination Period, subject to any valid extension. Interest may also be released to pay taxes as permitted by the trust agreement. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public shareholders. The Company’s initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the balance in the Trust Account (as defined below) (less any taxes payable on interest earned) at the time of execution of the definitive agreement in connection with its initial Business Combination. However, the Company will only complete a 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 the post-transaction company not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Company does not believe that its anticipated principal activities will subject the Company to the Investment Company Act. There is no assurance that the Company will be able to complete a Business Combination successfully. The ordinary shares subject to redemption are recorded at a redemption value and classified as temporary equity following completion of the IPO and over-allotment, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $<span id="xdx_902_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_c20260831_zqYwOhuu2Qx2" title="Net tangible assets required for business combination">5,000,001 upon such consummation of a Business Combination and, if the Company seeks shareholder approval, it will obtain the approval of an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a simple majority of the votes cast by shareholders entitled to vote in person or by proxy at a general meeting of the Company. The Company will have 15 months from the effective date of the registration statement on Form S-1 to consummate its initial Business Combination (the “Combination Period”). If the Company anticipates that it may be unable to consummate the initial Business Combination within 15 months, it may seek shareholder approval to amend its second amended and restated memorandum and articles of association to extend the deadline (“Extension Period”) by which it must complete the initial Business Combination. If the Company is unable to complete the initial Business Combination within the Combination Period, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 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 on the funds held in the Trust Account and not previously released to the Company (less taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and its board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s rights, which will expire worthless if the Company fails to complete the Business Combination within Combination Period or during any extension period. The Founder Shares (as defined in Note 5) except as described below, are identical to the ordinary shares included in the units being sold in this offering, and holders of Founder Shares have the same shareholder rights as public shareholders, except that (a) the Founder Shares are subject to certain transfer restrictions, as described in more detail below; (b) the Company’s initial shareholders have entered into an agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their Founder Shares and Private Shares in connection with the completion of the initial Business Combination, (ii) waive their redemption rights with respect to their Founder Shares, Private Shares and Public Shares held by them in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to provide for the redemption of the Company’s public shares in connection with an initial business combination or to redeem 100% of the public shares if the Company has not consummated the Company’s initial business combination within the timeframe set forth therein or (B) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, and (iii) to waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares and Private Shares if the Company fails to complete its initial business combination within 15 months from the effective date of the registration statement on Form S-1 or during any extension period (although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete the Company’s initial business combination within the prescribed time frame) and (c) are entitled to certain registration rights to provide for the resale of such shares under the Securities Act. If the Company submits its initial Business Combination to its public shareholders for a vote, its founder has agreed (and its permitted transferees will agree) to vote their Founder Shares, Private Shares and any Public Shares purchased during or after this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the business combination transaction) in favor of its initial Business Combination. The other members of the Company’s management team have entered into agreements similar to the one entered into by the Company’s Sponsor with respect to any public shares acquired by them in or after this offering. Furthermore, the Sponsor has agreed (A) to vote the ordinary shares underlying the private units, or “private shares,” in favor of any proposed business combination, (B) not to propose, or vote in favor of, an amendment to the Company’s post-offering amended and restated memorandum and articles of association that would stop the Company’s public shareholders from converting or selling their shares to the Company in connection with a business combination or affect the substance or timing of the Company’s obligation to redeem 100% of the public shares if the Company does not complete a business combination within 15 months from the effective date of the registration statement for the IPO, unless the Company provides public shareholders with the opportunity to redeem their public shares from the trust account in connection with any such vote, (C) not to convert any private shares for cash from the trust account in connection with a shareholder vote to approve the Company’s proposed initial business combination or a vote to amend the provisions of the Company’s post-offering amended and restated memorandum and articles of association relating to shareholders’ rights or pre-business combination activity, and (D) that the private shares shall not participate in any liquidating distribution upon winding up if a business combination is not consummated. The Sponsor has also agreed not to transfer, assign or sell any of the private units or underlying securities (except to the same permitted transferees as the founder shares and provided that the transferees agree to the same terms and restrictions as the permitted transferees of the founder shares must agree to, each as described above) until 30 days after the completion of its initial business combination. The Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party (other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or by a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (i) $10.00 per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per public share due to reductions in the value of the trust assets, in each case net of the interest which may be withdrawn to pay taxes. This liability will not apply with respect to any claims by a third party or prospective target business who executed a waiver of any and all rights to seek access to the Trust Account nor will it apply to any claims under the Company’s indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, then the Company’s Sponsor will not be responsible to the extent of any liability for such third-party claims. Going Concern Consideration As of August 31, 2026, the Company had cash of $1,148 and a working capital deficit of $338,372. The Sponsor has agreed to loan the Company up to $500,000 to be used for a portion of the expenses of the IPO. The loan is non-interest bearing, unsecured and shall be payable promptly after the date on which the Company consummates an initial public offering of its securities or the date on which the Company determines not to conduct an initial public offering of its securities. The loan was repaid upon the closing of the IPO out of the offering proceeds not held in the Trust Account. Subsequent to the consummation of the IPO, the Company’s liquidity has been satisfied through the net proceeds from the IPO and Private Placement. The Company has incurred and expects to continue to incur significant professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination. The Company initially has 15 months from the effective date of the registration statement to consummate the initial Business Combination (assuming no extensions). If the Company does not complete a Business Combination, the Company will wind up, dissolve and liquidate pursuant to the terms of its second amended and restated memorandum and articles of association. There is a possibility that the Business Combination may not be consummated within the 15-month period from the effective date of the registration statement. Management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, together with the Company’s limited liquidity outside the Trust Account, raises substantial doubt about the Company’s ability to continue as a going concern. Management’s plans to address this uncertainty consist of completing the Business Combination with Korai (see Note 9) within the Combination Period or obtaining shareholder approval of an extension, and obtaining loans from the Sponsor or its affiliates to fund operating costs, none of which is assured. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after the Combination Period (assuming no extensions). Risks and Uncertainties Various social and political circumstances in the U.S. and around the world (including rising trade tensions between the U.S. and China, and other uncertainties regarding actual and potential shifts in the U.S. and foreign, trade, economic and other policies with other countries), may contribute to increased market volatility and economic uncertainties or deterioration in the U.S. and worldwide. As a result of the ongoing global conflicts and/or other future global conflicts, the Company’s ability to consummate a Business Combination, or the operations of a target business with which the Company ultimately consummates a Business Combination, may be materially and adversely affected. In addition, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this action and potential future sanctions on the world economy and the specific impact on the Company’s financial position, results of operations or ability to consummate a Business Combination are not yet determinable. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

11197131

1197131

10.00

111971310

208971

10.00

2089710

302869

10.00

3028690

3029

10.00

30290

11500000

212000

1582000

1150000

77800

354200

584080

50000

77800

115000000

10.00

5000001

100000

10.00

1148

338372

500000

Note 2 — Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $1,148 and $0 in cash as of August 31, 2026 and 2025, respectively. The Company did not have cash equivalents for both periods. Investments Held in Trust Account At August 31, 2026, substantially all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in the Trust Account are included in interest earned on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in Trust Account are determined using available market information. Fair values of these investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash held in an operating account at East West Bank and money market fund investments held in the Trust Account at J.P. Morgan Securities LLC. As of August 31, 2026, the operating account balance of $1,148 was below the standard Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000. As of August 31, 2026, the Trust Account balance of $116,695,841 exceeded the standard Securities Investor Protection Corporation (“SIPC”) protection limit of $500,000 by $116,195,841. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows. The Company has not experienced losses on these accounts. Offering Costs The Company complies with the requirements of FASB ASC Topic 340-10-S99-1, “Other Assets and Deferred Costs – SEC Materials” (“ASC 340-10-S99”) and SEC Staff Accounting Bulletin Topic 5A, “Expenses of Offering”. Deferred offering costs were $1,582,000 consisting of $1,150,000 underwriting commissions, $77,800 estimated fair value of the Representative Shares and $354,200 legal and other offering expenses that are directly related to the IPO . Upon completion of the IPO, $1,542,450 was allocated to ordinary shares subject to possible redemption and $39,550 was allocated to the Public Rights and charged to shareholders’ equity. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet, primarily due to its short-term nature. The Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances. Level 1—Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities. Level 2—Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3—Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities. <p id="xdx_84A_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_z9noaFKL4x29" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Ordinary Shares Subject to Possible Redemption The Company accounts for ordinary shares subject to possible redemption in accordance with the guidance in ASC 480. Ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. Ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. In accordance with the SEC and its guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control of a company require ordinary shares subject to redemption to be classified outside of permanent equity. Given that the 11,500,000 ordinary shares sold as part of the Company’s IPO were issued with other freestanding instruments (i.e., Public Rights), the initial carrying value of ordinary shares classified as temporary equity has been allocated to the proceeds determined in accordance with ASC 470-20. The Company’s ordinary shares are subject to ASC 480-10-S99. If it is probable that the equity instrument will become redeemable, the Company has the option to either (i) accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize the changes immediately. The initial accretion and subsequent remeasurements will be treated as a deemed dividend (i.e., a reduction to additional paid-in capital and, to the extent additional paid-in capital is exhausted, accumulated deficit). Accordingly, as of August 31, 2026, ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. As of August 31, 2026, the ordinary shares subject to redemption reflected in the balance sheet are reconciled in the following table: Schedule of Ordinary Shares Subject to Possible Redemption Reflected in the Unaudited Condensed Balance Sheets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20250901__20260831_zjRvGNojGy9g" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_zhky7Ciddmx1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 84%; text-align: left">Gross proceeds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">115,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Less:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--TemporaryEquityProceedsAllocatedToPublicShareRights_iN_di_zFHkYuFb6TSj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Proceeds allocated to public share rights</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,875,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--TemporaryEquityPublicSharesIssuanceCosts_iN_di_zC1nEaDyiPph" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Public shares issuance costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,542,450</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plus:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AccretionOfCarryingValueOfRedemptionsValue_zg6nTxpphe43" style="vertical-align: bottom; background-color: White"> <td>Accretion of carrying value of redemption value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,417,450</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--TemporaryEquityAccretionToRedemptionValueAdjustment_zQjjfWiuFXml" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Subsequent remeasurement of carrying value to redemption value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,695,841</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iE_zAeS59TP40F1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Ordinary shares subject to possible redemption as of August 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">116,695,841</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Net Income (Loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. The statements of operations include a presentation of net income per redeemable share and net income per non-redeemable share following the two-class method of net income per share because redemption of the redeemable shares is not at fair value pursuant to the guidance in ASC 480-10-S99. Net income per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the period. The Company has elected to treat only the portion of the periodic adjustment to the carrying amount of the redeemable shares that reflects a redemption in excess of fair value like a dividend. As such, income or loss allocable to each class of ordinary share is not adjusted for the accretion of carrying value to redemption value. The calculation of diluted net income per ordinary share does not consider the effect of the rights issued in connection with the IPO and the Private Units since the exercise of the rights is contingent upon the occurrence of future events. As of August 31, 2026 and 2025, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares that then share in the earnings of the Company. As a result, diluted net income per ordinary share is the same as basic net income per ordinary share for the periods presented. The net income per share presented in the statements of operations is based on the following: Schedule of Basic and Diluted Net Income Per Ordinary Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250901__20260831_zuZ6UxsxKim2" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250829__20250831_zB1foKXQ3sMh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zZzRSjdHWDd7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 2.5pt">Net income (loss)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">733,717</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">(17,047</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zaFz5eEAzfN1" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zIRY26FNIpB1" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zbgbJdOQTcj5" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zGDeJF37hEWc" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic and diluted net income per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zq9iPMyZeV15" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: left; padding-bottom: 2.5pt">Allocation of net income (loss)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">482,888</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">250,829</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right"> -</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">(17,047</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Basic and diluted weighted average shares outstanding</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_z6VpLCt6XKYb" title="Basic weighted average shares outstanding"><span id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zgCAXMJayA42" title="Diluted weighted average shares outstanding">5,789,768</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_907_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_z7eMPfrvMvf7" title="Diluted weighted average shares outstanding"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zeOIkZE0txIe" title="Basic weighted average shares outstanding">3,007,404</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_z4PIesxggcTc" title="Basic weighted average shares outstanding"><span id="xdx_90A_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zpHTuCihpSlh" title="Diluted weighted average shares outstanding">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zUX7LGOm5AO2" title="Basic weighted average shares outstanding"><span id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zoDY4wE34Ns" title="Diluted weighted average shares outstanding">2,500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Basic and diluted net income (loss) per ordinary share</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--EarningsPerShareBasic_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zgAP2Ud3Ezbl" title="Basic net income (loss) per ordinary share"><span id="xdx_909_eus-gaap--EarningsPerShareDiluted_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zlkMMLYl93Y8" title="Diluted net income (loss) per ordinary share">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--EarningsPerShareBasic_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zPRjdnKFV2Z9" title="Basic net income (loss) per ordinary share"><span id="xdx_90F_eus-gaap--EarningsPerShareDiluted_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zhUqxBGNfct7" title="Diluted net income (loss) per ordinary share">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--EarningsPerShareBasic_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zvvu0a1aKDJ4" title="Basic net income (loss) per ordinary share"><span id="xdx_909_eus-gaap--EarningsPerShareDiluted_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zS5fiv1zRHWl" title="Diluted net income (loss) per ordinary share">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--EarningsPerShareBasic_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zaLbXqE6c1P9" title="Basic net income (loss) per ordinary share"><span id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zkLgTB2UYfDa" title="Diluted net income (loss) per ordinary share">(0.01</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> Rights Accounting The Company accounts for rights as either equity-classified or liability-classified instrument based on an assessment of the right’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the rights are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the rights meet all of the requirements for equity classification under ASC 815, including whether the rights are indexed to the Company’s own ordinary shares and whether the right holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of right issuance and as of each subsequent quarterly period end date while the rights are outstanding. For issued or modified rights that meet all of the criteria for equity classification, the rights are required to be recorded as a component of equity at the time of issuance. For issued or modified rights that do not meet all the criteria for equity classification, the rights are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the rights are recognized as a non-cash gain or loss on the statements of operations. As the rights to be issued upon the closing of the IPO and sale of Private Units meet the criteria for equity classification under ASC 815, therefore, the rights are classified as equity. Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of August 31, 2026 and 2025. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is considered to be an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. Under current Cayman Islands law, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on August 29, 2025, date of incorporation. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosure” (“ASU 2023-09”). ASU 2023-09 mostly requires, on an annual basis, disclosure of specific categories in an entity’s effective tax rate reconciliation and income taxes paid disaggregated by jurisdiction. The incremental disclosures may be presented on a prospective or retrospective basis. The ASU is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company adopted the ASU 2023-09 on September 1, 2025, the beginning of its fiscal year. As a Cayman Island entity, the Company is not subject to income taxes, as such, the Company did not have any material impact of adopting ASU 2023-09 on its financial statements. Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Basis of Presentation The accompanying financial statements are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).

Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $1,148 and $0 in cash as of August 31, 2026 and 2025, respectively. The Company did not have cash equivalents for both periods.

1148

Investments Held in Trust Account At August 31, 2026, substantially all of the assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in the Trust Account are included in interest earned on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in Trust Account are determined using available market information. Fair values of these investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets.

Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash held in an operating account at East West Bank and money market fund investments held in the Trust Account at J.P. Morgan Securities LLC. As of August 31, 2026, the operating account balance of $1,148 was below the standard Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000. As of August 31, 2026, the Trust Account balance of $116,695,841 exceeded the standard Securities Investor Protection Corporation (“SIPC”) protection limit of $500,000 by $116,195,841. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows. The Company has not experienced losses on these accounts.

1148

250000

116695841

500000

116195841

Offering Costs The Company complies with the requirements of FASB ASC Topic 340-10-S99-1, “Other Assets and Deferred Costs – SEC Materials” (“ASC 340-10-S99”) and SEC Staff Accounting Bulletin Topic 5A, “Expenses of Offering”. Deferred offering costs were $1,582,000 consisting of $1,150,000 underwriting commissions, $77,800 estimated fair value of the Representative Shares and $354,200 legal and other offering expenses that are directly related to the IPO . Upon completion of the IPO, $1,542,450 was allocated to ordinary shares subject to possible redemption and $39,550 was allocated to the Public Rights and charged to shareholders’ equity.

1582000

1150000

77800

354200

1542450 39550

Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet, primarily due to its short-term nature. The Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances. Level 1—Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities. Level 2—Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3—Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities.

<p id="xdx_84A_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_z9noaFKL4x29" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Ordinary Shares Subject to Possible Redemption The Company accounts for ordinary shares subject to possible redemption in accordance with the guidance in ASC 480. Ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. Ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. In accordance with the SEC and its guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control of a company require ordinary shares subject to redemption to be classified outside of permanent equity. Given that the 11,500,000 ordinary shares sold as part of the Company’s IPO were issued with other freestanding instruments (i.e., Public Rights), the initial carrying value of ordinary shares classified as temporary equity has been allocated to the proceeds determined in accordance with ASC 470-20. The Company’s ordinary shares are subject to ASC 480-10-S99. If it is probable that the equity instrument will become redeemable, the Company has the option to either (i) accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize the changes immediately. The initial accretion and subsequent remeasurements will be treated as a deemed dividend (i.e., a reduction to additional paid-in capital and, to the extent additional paid-in capital is exhausted, accumulated deficit). Accordingly, as of August 31, 2026, ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. As of August 31, 2026, the ordinary shares subject to redemption reflected in the balance sheet are reconciled in the following table: Schedule of Ordinary Shares Subject to Possible Redemption Reflected in the Unaudited Condensed Balance Sheets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20250901__20260831_zjRvGNojGy9g" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_zhky7Ciddmx1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 84%; text-align: left">Gross proceeds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">115,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Less:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--TemporaryEquityProceedsAllocatedToPublicShareRights_iN_di_zFHkYuFb6TSj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Proceeds allocated to public share rights</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,875,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--TemporaryEquityPublicSharesIssuanceCosts_iN_di_zC1nEaDyiPph" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Public shares issuance costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,542,450</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plus:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AccretionOfCarryingValueOfRedemptionsValue_zg6nTxpphe43" style="vertical-align: bottom; background-color: White"> <td>Accretion of carrying value of redemption value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,417,450</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--TemporaryEquityAccretionToRedemptionValueAdjustment_zQjjfWiuFXml" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Subsequent remeasurement of carrying value to redemption value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,695,841</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iE_zAeS59TP40F1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Ordinary shares subject to possible redemption as of August 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">116,695,841</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

Schedule of Ordinary Shares Subject to Possible Redemption Reflected in the Unaudited Condensed Balance Sheets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20250901__20260831_zjRvGNojGy9g" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_zhky7Ciddmx1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 84%; text-align: left">Gross proceeds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">115,000,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Less:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--TemporaryEquityProceedsAllocatedToPublicShareRights_iN_di_zFHkYuFb6TSj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Proceeds allocated to public share rights</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,875,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--TemporaryEquityPublicSharesIssuanceCosts_iN_di_zC1nEaDyiPph" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Public shares issuance costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,542,450</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Plus:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AccretionOfCarryingValueOfRedemptionsValue_zg6nTxpphe43" style="vertical-align: bottom; background-color: White"> <td>Accretion of carrying value of redemption value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,417,450</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--TemporaryEquityAccretionToRedemptionValueAdjustment_zQjjfWiuFXml" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Subsequent remeasurement of carrying value to redemption value</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,695,841</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iE_zAeS59TP40F1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Ordinary shares subject to possible redemption as of August 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">116,695,841</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

115000000

2875000 1542450 4417450

1695841

116695841

Net Income (Loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. The statements of operations include a presentation of net income per redeemable share and net income per non-redeemable share following the two-class method of net income per share because redemption of the redeemable shares is not at fair value pursuant to the guidance in ASC 480-10-S99. Net income per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the period. The Company has elected to treat only the portion of the periodic adjustment to the carrying amount of the redeemable shares that reflects a redemption in excess of fair value like a dividend. As such, income or loss allocable to each class of ordinary share is not adjusted for the accretion of carrying value to redemption value. The calculation of diluted net income per ordinary share does not consider the effect of the rights issued in connection with the IPO and the Private Units since the exercise of the rights is contingent upon the occurrence of future events. As of August 31, 2026 and 2025, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares that then share in the earnings of the Company. As a result, diluted net income per ordinary share is the same as basic net income per ordinary share for the periods presented. The net income per share presented in the statements of operations is based on the following: Schedule of Basic and Diluted Net Income Per Ordinary Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250901__20260831_zuZ6UxsxKim2" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250829__20250831_zB1foKXQ3sMh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zZzRSjdHWDd7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 2.5pt">Net income (loss)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">733,717</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">(17,047</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zaFz5eEAzfN1" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zIRY26FNIpB1" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zbgbJdOQTcj5" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zGDeJF37hEWc" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic and diluted net income per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zq9iPMyZeV15" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: left; padding-bottom: 2.5pt">Allocation of net income (loss)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">482,888</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">250,829</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right"> -</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">(17,047</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Basic and diluted weighted average shares outstanding</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_z6VpLCt6XKYb" title="Basic weighted average shares outstanding"><span id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zgCAXMJayA42" title="Diluted weighted average shares outstanding">5,789,768</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_907_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_z7eMPfrvMvf7" title="Diluted weighted average shares outstanding"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zeOIkZE0txIe" title="Basic weighted average shares outstanding">3,007,404</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_z4PIesxggcTc" title="Basic weighted average shares outstanding"><span id="xdx_90A_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zpHTuCihpSlh" title="Diluted weighted average shares outstanding">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zUX7LGOm5AO2" title="Basic weighted average shares outstanding"><span id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zoDY4wE34Ns" title="Diluted weighted average shares outstanding">2,500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Basic and diluted net income (loss) per ordinary share</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--EarningsPerShareBasic_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zgAP2Ud3Ezbl" title="Basic net income (loss) per ordinary share"><span id="xdx_909_eus-gaap--EarningsPerShareDiluted_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zlkMMLYl93Y8" title="Diluted net income (loss) per ordinary share">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--EarningsPerShareBasic_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zPRjdnKFV2Z9" title="Basic net income (loss) per ordinary share"><span id="xdx_90F_eus-gaap--EarningsPerShareDiluted_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zhUqxBGNfct7" title="Diluted net income (loss) per ordinary share">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--EarningsPerShareBasic_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zvvu0a1aKDJ4" title="Basic net income (loss) per ordinary share"><span id="xdx_909_eus-gaap--EarningsPerShareDiluted_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zS5fiv1zRHWl" title="Diluted net income (loss) per ordinary share">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--EarningsPerShareBasic_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zaLbXqE6c1P9" title="Basic net income (loss) per ordinary share"><span id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zkLgTB2UYfDa" title="Diluted net income (loss) per ordinary share">(0.01</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

The net income per share presented in the statements of operations is based on the following: Schedule of Basic and Diluted Net Income Per Ordinary Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250901__20260831_zuZ6UxsxKim2" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250829__20250831_zB1foKXQ3sMh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLoss_zZzRSjdHWDd7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 2.5pt">Net income (loss)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">733,717</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">(17,047</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zaFz5eEAzfN1" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zIRY26FNIpB1" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zbgbJdOQTcj5" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zGDeJF37hEWc" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Non-redeemable Ordinary Shares</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic and diluted net income per ordinary share</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Numerator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--NetIncomeLoss_zq9iPMyZeV15" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 32%; text-align: left; padding-bottom: 2.5pt">Allocation of net income (loss)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">482,888</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">250,829</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right"> -</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 13%; text-align: right">(17,047</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Basic and diluted weighted average shares outstanding</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_z6VpLCt6XKYb" title="Basic weighted average shares outstanding"><span id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zgCAXMJayA42" title="Diluted weighted average shares outstanding">5,789,768</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_907_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_z7eMPfrvMvf7" title="Diluted weighted average shares outstanding"><span id="xdx_90C_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zeOIkZE0txIe" title="Basic weighted average shares outstanding">3,007,404</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_908_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_z4PIesxggcTc" title="Basic weighted average shares outstanding"><span id="xdx_90A_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zpHTuCihpSlh" title="Diluted weighted average shares outstanding">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zUX7LGOm5AO2" title="Basic weighted average shares outstanding"><span id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zoDY4wE34Ns" title="Diluted weighted average shares outstanding">2,500,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Basic and diluted net income (loss) per ordinary share</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90B_eus-gaap--EarningsPerShareBasic_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zgAP2Ud3Ezbl" title="Basic net income (loss) per ordinary share"><span id="xdx_909_eus-gaap--EarningsPerShareDiluted_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zlkMMLYl93Y8" title="Diluted net income (loss) per ordinary share">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_906_eus-gaap--EarningsPerShareBasic_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zPRjdnKFV2Z9" title="Basic net income (loss) per ordinary share"><span id="xdx_90F_eus-gaap--EarningsPerShareDiluted_c20250901__20260831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zhUqxBGNfct7" title="Diluted net income (loss) per ordinary share">0.08</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--EarningsPerShareBasic_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zvvu0a1aKDJ4" title="Basic net income (loss) per ordinary share"><span id="xdx_909_eus-gaap--EarningsPerShareDiluted_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--RedeemableOrdinarySharesMember_zS5fiv1zRHWl" title="Diluted net income (loss) per ordinary share">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_905_eus-gaap--EarningsPerShareBasic_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zaLbXqE6c1P9" title="Basic net income (loss) per ordinary share"><span id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20250829__20250831__us-gaap--StatementClassOfStockAxis__custom--NonRedeemableOrdinaryShareMember_zkLgTB2UYfDa" title="Diluted net income (loss) per ordinary share">(0.01</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

733717

-17047

482888

250829

-17047

5789768

3007404

2500000

0.08

-0.01

Rights Accounting The Company accounts for rights as either equity-classified or liability-classified instrument based on an assessment of the right’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the rights are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the rights meet all of the requirements for equity classification under ASC 815, including whether the rights are indexed to the Company’s own ordinary shares and whether the right holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of right issuance and as of each subsequent quarterly period end date while the rights are outstanding. For issued or modified rights that meet all of the criteria for equity classification, the rights are required to be recorded as a component of equity at the time of issuance. For issued or modified rights that do not meet all the criteria for equity classification, the rights are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the rights are recognized as a non-cash gain or loss on the statements of operations. As the rights to be issued upon the closing of the IPO and sale of Private Units meet the criteria for equity classification under ASC 815, therefore, the rights are classified as equity.

Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of August 31, 2026 and 2025. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is considered to be an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. Under current Cayman Islands law, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements.

Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on August 29, 2025, date of incorporation. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosure” (“ASU 2023-09”). ASU 2023-09 mostly requires, on an annual basis, disclosure of specific categories in an entity’s effective tax rate reconciliation and income taxes paid disaggregated by jurisdiction. The incremental disclosures may be presented on a prospective or retrospective basis. The ASU is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company adopted the ASU 2023-09 on September 1, 2025, the beginning of its fiscal year. As a Cayman Island entity, the Company is not subject to income taxes, as such, the Company did not have any material impact of adopting ASU 2023-09 on its financial statements. Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Note 3 — Initial Public Offering On February 27, 2026, the Company sold <span id="xdx_904_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20260226__20260227__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zLz8Xl6AW5md" title="Number of units issued during period">11,197,131 Units at a price of $10.00 per Unit including the partial exercise of the over-allotment option of <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_pid_c20260206__20260227__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_z5agR529dUjf" title="Number of units issued during period">1,197,131 Units granted to the underwriters. Each Unit consists of one ordinary share with $0.0001 par value and one right (the “Public Right”). Each Public Right entitles the holder to receive one-fourth (1/4) of one ordinary share upon the consummation of the Company’s initial Business Combination. The Company will not issue fractional shares upon conversion of the rights, as disclosed in Note 7. On April 10, 2026, the underwriters notified the Company of their exercise of the remaining balance of the over-allotment option to purchase an additional <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_pid_c20260409__20260410__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zuyJSqMGGo57" title="Number of units issued during period">302,869 Units at a price of $10.00 per Unit. The closing of the over-allotment option occurred on April 15, 2026, generating additional gross proceeds of $3,028,690. Simultaneously with the closing of the over-allotment option, the Company consummated the private placement of an aggregate of <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20260409__20260410__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_ze5nojY2kYAf" title="Number of units issued during period">3,029 units (the “Private Placement Units”) to the Sponsor, at a price of $10.00 per Private Placement Unit, generating gross proceeds of $30,290. As a result, the Company sold an aggregate of 11,500,000 Public Units in the IPO and over-allotment, generating aggregate gross proceeds of $115,000,000.

11197131

10.00

1197131

0.0001

302869

10.00

3028690

3029

10.00

30290

11500000

115000000

Note 4 — Private Placement Simultaneously with the closing of the IPO and over-allotment, the Sponsor purchased an aggregate of <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20250901__20260831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zNVxnhO7RqY4" title="Private placement units issued during period">212,000 Private Units in a private placement for an aggregate purchase price of $<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20250901__20260831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zsqS25vWolna" title="Proceeds from issuance of private placement">2,120,000. Each Private Unit consists of one ordinary share (“Private Share”) and one right to receive one-fourth (1/4) of one ordinary share upon the consummation of a Business Combination (“Private Right”). The proceeds from the Private Units were added to the proceeds from the IPO to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Units and all underlying securities will expire worthless. The Private Units, Private Shares, Private Rights and the ordinary shares underlying such rights will not be transferable, assignable or salable by the Sponsor until 30 days after the completion of the Company’s initial Business Combination, except to permitted transferees.

212000

2120000

Note 5 — Related Party Transactions Founder Shares On August 29, 2025, the Sponsor agreed to acquire <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20250829__20250829__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember_zd0Z9tJkKhk2" title="Private placement units issued during period">1,725,000 ordinary shares (the “Founder Shares”) for an aggregate purchase price of $25,000, or approximately $0.0145 per share. Such ordinary shares were subsequently issued to the Sponsor on September 4, 2025. On January 21, 2026, the Company entered into an amendment to the subscription agreement with the Sponsor for the purchase of an additional 1,150,000 founder shares, resulting in a total acquisition of 2,875,000 ordinary shares for an aggregate consideration of $<span id="xdx_902_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20260101__20260131__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember_zvuqlhvVbfai" title="Proceeds from issuance of common stock">25,000, or approximately $0.009 per ordinary share. Up to 375,000 founder shares were initially subject to forfeiture to the extent the underwriters’ over-allotment option was not exercised in full. Following the full exercise of the underwriters’ over-allotment option, the Sponsor holds 2,875,000 founder shares, none of which remains subject to forfeiture. The initial shareholders have agreed, not to transfer, assign or sell 100% of its Founder Shares until the earlier of (x) 180 days after the date of the consummation of the Company’s initial business combination or (y) the date on which the last reported sale price of the Company’s ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share surrenders, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 90 days after its initial business combination, or (z) the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction after its initial Business Combination which results in all of its public shareholders having the right to exchange their ordinary shares for cash, securities or other property. Promissory Note — Related Party On August 31, 2025, the Sponsor agreed to loan the Company up to $500,000 (the “Promissory Note”) to be used for a portion of the expenses of the IPO. The Promissory Note is non-interest bearing, unsecured and is due at the earlier of (1) March 31, 2026 or (2) the closing of the IPO, unless accelerated upon the occurrence of an event of default. The Promissory Note was repaid upon the closing of the IPO out of the offering proceeds not held in the Trust Account. As of August 31, 2026 and 2025, borrowings outstanding under the Promissory Note were $0 and $47, respectively. Working Capital Loans In addition, in order to finance transaction costs in connection with an intended initial Business Combination, the Sponsor, the Company’s officers and directors, or their affiliates/designees may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion. If the Company completes the initial Business Combination, it would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to $<span id="xdx_903_eus-gaap--StockIssuedDuringPeriodValueConversionOfUnits_c20250901__20260831__us-gaap--RelatedPartyTransactionAxis__custom--SponsorMember_zeJlbkQuppa7" title="Working capital loans converted into private units">2,000,000 of such working capital loans (“Working Capital Loans”) may be convertible into Private Units, at a price of $10.00 per Unit at the option of the lender, upon consummation of its initial Business Combination. As of August 31, 2026 and 2025, the Company had no borrowings under the Working Capital Loans. Amounts Due to Related Party During the year ended August 31, 2026, the Sponsor paid $176,167 of operating costs on behalf of the Company and loaned the Company $5,000 in cash on August 20, 2026. These amounts are non-interest bearing and due on demand. Amounts due to the related party were $181,167 and $0 as of August 31, 2026 and 2025, respectively.

1725000

25000

0.0145

1150000

2875000

25000

0.009

375000 2875000 1

12.00

500000

0 47

2000000

10.00

176167

5000

181167

Note 6 — Commitments and Contingencies Registration Rights The holders of the Founder Shares and Private Units (and in each case holders of their component securities, as applicable) will be entitled to registration rights pursuant to a registration rights agreement dated February 25, 2026 requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the ordinary shares). The holders of these securities are entitled to make up to two demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable Lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriter Agreement The Company has granted the underwriter, a 45-day option from the date of the registration statement to purchase up to 1,500,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The underwriter partially exercised its over-allotment option on February 27, 2026, and exercised the remaining balance in full on April 15, 2026. The underwriter was paid a cash underwriting discount of $1,150,000, or 1.0% of the gross proceeds of the IPO, including the exercises of its over-allotment option, upon the closing of IPO on February 27, 2026 and on April 15, 2026. Representative’s Shares The Company also issued 50,000 ordinary shares (including partial exercise of the over-allotment option) to the underwriter upon the consummation of the IPO. These shares were registered in connection with the IPO. The underwriters have agreed not to transfer, assign or sell any such shares until 180 days immediately following the commencement of sales of the IPO pursuant to FINRA Rule 5110(e)(1), subject to exceptions pursuant to FINRA Rule 5110(e)(2). Additionally, the Company will issue to A.G.P. and/or its designee 230,000 ordinary shares upon the closing of an initial business combination of the Company valued at $10.00 per share as deferred compensation, without an additional cash payment by A.G.P., which are referred to herein as the “deferred compensation shares”. The representative has agreed not to transfer, assign or sell any such shares until 180 days immediately following the commencement of sales of the IPO pursuant to FINRA Rule 5110(e)(1), subject to exceptions pursuant to FINRA Rule 5110(e)(2). In addition, the representative has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion of the initial business combination and (ii) to waive its rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete its initial business combination within the Combination Period. The representative and deferred compensation shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the date of commencement of sales of this offering pursuant to FINRA Rule 5110(e)(1). Pursuant to FINRA Rule 5110(e)(1), these securities will not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the commencement of sales of the public offering, subject to exceptions pursuant to FINRA Rule 5110(e)(2). Right of First Refusal The Company granted A.G.P., subject to certain conditions, for a period of twelve (12) months following the consummation of the initial business combination, an irrevocable right of first refusal to act as sole investment banker, sole book runner, and/or sole placement agent, at A.G.P.’s sole discretion, for each and every future public and private equity and debt offering, including all equity linked financings for us or any of our successors or subsidiaries, on terms customary to A.G.P. A.G.P. shall have the sole right to determine whether or not any other broker dealer shall have the right to participate in any such offering and the economic terms of any such participation. In accordance with FINRA Rule 5110(g)(6)(A), such right of first refusal shall not have a duration of more than three years from the effective date of the registration statement. Finder’s Engagement Agreement On March 15, 2026, the Company entered into a non-exclusive Finder’s Engagement Agreement (the “Finder Agreement”) with California Hedge Fund Inc. (the “Finder”), pursuant to which the Finder agreed to identify and introduce potential business combination targets to the Company and facilitate preliminary discussions in connection with a potential initial business combination. Under the Finder Agreement, the Company agreed to pay the Finder a non-refundable retainer and, upon the consummation of an initial business combination with a target introduced or identified by the Finder, a cash success fee. The Company also agreed to reimburse the Finder for certain reasonable, documented out-of-pocket expenses, subject to specified limitations. The Finder Agreement contains customary termination, confidentiality and other customary provisions. On May 15, 2026, the Company and the Finder entered into Amendment No. 1 to the Finder Agreement, which increased the aggregate non-refundable retainer payable to the Finder from $250,000 to $500,000, with the remaining $250,000 becoming payable upon execution of the amendment in May 2026. Additionally, the cash success fee payable upon the consummation of a Transaction as defined in the Finder Agreement was increased from $3.75 million to $4.5 million. Except as modified by Amendment No. 1, the remaining terms of the Finder Agreement remained unchanged. As of August 31, 2026, the $500,000 non-refundable retainer was fully paid. Service Agreement with Chief Executive Officer On July 20, 2026, the Company appointed Florence Ng as Chief Executive Officer and entered into a Service Agreement providing a base salary of $5,000 per month, reimbursement of reasonable business expenses and a one-time $400,000 bonus payable within 30 days after successful completion of the initial Business Combination, in cash, equity or a combination thereof. The agreement may be terminated by either party on 30 days’ written notice without affecting accrued compensation. The Business Combination had not closed at August 31, 2026 and the completion bonus had not become payable.

1500000

1150000

0.010 50000 230000

10.00

Amendment No. 1 to the Finder Agreement, which increased the aggregate non-refundable retainer payable to the Finder from $250,000 to $500,000, with the remaining $250,000 becoming payable upon execution of the amendment in May 2026. Additionally, the cash success fee payable upon the consummation of a Transaction as defined in the Finder Agreement was increased from $3.75 million to $4.5 million. Except as modified by Amendment No. 1, the remaining terms of the Finder Agreement remained unchanged. As of August 31, 2026, the $500,000 non-refundable retainer was fully paid

5000

400000

Note 7 — Shareholders’ Equity Ordinary Share— The Company is authorized to issue 600,000,000 ordinary shares with $0.0001 par value. On August 29, 2025, the Company agreed to issue <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20250829__20250829__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember_zP2vFKJlt4Rl" title="Private placement units issued during period">1,725,000 Founder Shares to the Sponsor for an aggregate purchase price of $25,000, or $0.0145 per share. Such ordinary shares were subsequently issued to the Sponsor on September 4, 2025. In January 2026, the Company entered into an amendment to the subscription agreement with the Sponsor for the purchase of an additional 1,150,000 ordinary shares, resulting in a total acquisition of 2,875,000 ordinary shares for an aggregated consideration of $<span id="xdx_908_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20260101__20260131__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember_zp7gFUV6OGw4" title="Proceeds from issuance of common stock">25,000, or approximately $0.009 per ordinary share. As of August 31, 2026, there were 2,875,000 Founder Shares, 50,000 Representative Shares, and 212,000 Private Shares issued and outstanding (excluding <span id="xdx_909_eus-gaap--TemporaryEquitySharesIssued_iI_pid_c20260831__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember_z0ySzI1BGQXg" title="Ordinary shares subject to possible redemption, shares">11,500,000 shares subject to possible redemption). As of August 31, 2025, there were <span id="xdx_907_eus-gaap--SharesOutstanding_iI_pid_c20250831__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zYg9ZjtOrcdl" title="Private share outstanding">2,875,000 Founder Shares outstanding. Founder Shares have been retroactively restated to reflect an amendment to the Subscription Agreement mentioned above. Rights — Except in cases where the Company is not the surviving company in a business combination, each holder of a right will receive one-fourth (1/4) of an ordinary share upon consummation of the initial business combination. In the event the Company will not be the surviving company upon completion of its initial business combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-fourth (1/4) of a share underlying each right upon consummation of the business combination unless otherwise waived in the course of the business combination. No fractional shares will be issued upon exchange of rights. No additional consideration will be required to be paid by a holder of rights in order to receive its additional shares upon consummation of a business combination. Fractional shares will be rounded down to the nearest whole share. If the Company is unable to complete an initial Business Combination within the required time period and the Company liquidates the funds held in the Trust Account, holders of rights will not receive any such funds with respect to their rights, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless. As of August 31, 2026, there were 11,712,000 rights outstanding, consisting of <span id="xdx_905_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pid_c20260831__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember__us-gaap--AwardTypeAxis__custom--PublicRightsMember_zZsVa1hMXfp" title="Rights outstanding">11,500,000 public rights and <span id="xdx_900_eus-gaap--ClassOfWarrantOrRightOutstanding_iI_pid_c20260831__us-gaap--StatementClassOfStockAxis__custom--FounderSharesMember__us-gaap--AwardTypeAxis__custom--PrivateRightsMember_z2ASuz6sl1T1" title="Rights outstanding">212,000 private rights. As of August 31, 2025, there were no rights outstanding.

600000000

0.0001

1725000

25000 0.0145

1150000

2875000

25000

0.009

2875000

50000

212000

11500000

2875000

11712000

11500000

212000

Note 8 — Segment Information ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statements’ information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company has adopted the guidance in ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in the accompanying financial statements. Through July 20, 2026, the Company’s chief operating decision maker (“CODM”) was its Chief Executive Officer, Chief Financial Officer and Chairman, which positions were then held by a single individual. Since July 20, 2026, the CODM consists of the Company’s Chief Executive Officer and its Chief Financial Officer and Chairman, who together review the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment. <p id="xdx_897_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_gL3SOSRIBSTB-DYW_zPdCHnaR5R8e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following: Schedule of Performance and Making Key Decisions Regarding Resource Allocation <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250701__20260831__us-gaap--StatementBusinessSegmentsAxis__us-gaap--AllOtherSegmentsMember_zgUoytpCLN08" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250829__20250831__us-gaap--StatementBusinessSegmentsAxis__us-gaap--AllOtherSegmentsMember_zD3gOm6D4Pd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--GeneralAndAdministrativeExpense_zOzXlC0uo8Y9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">General and administrative expenses</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">962,124</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">17,047</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--InvestmentTaxCredit_zMks8f9BsxHl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest earned on investments held in Trust Account</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,695,841</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> </table> The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses. General and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination within the business combination period. The CODM also reviews general and administrative expenses to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Interest earned on investments held in Trust Account are reviewed to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement. The CODM also assesses performance for the single segment and decides how to allocate resources. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics included in total assets, which include the following: <div id="xdx_C01_gL3SOSRIBSTB-DYW_z7v5Hw7NbwCi"> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260831__us-gaap--StatementBusinessSegmentsAxis__us-gaap--AllOtherSegmentsMember_zhy4JHvUFG75" style="border-bottom: Black 1pt solid; text-align: center">August 31, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFBlcmZvcm1hbmNlIGFuZCBNYWtpbmcgS2V5IERlY2lzaW9ucyBSZWdhcmRpbmcgUmVzb3VyY2UgQWxsb2NhdGlvbiAoRGV0YWlscykA" id="xdx_400_eus-gaap--AssetsHeldInTrust_iI_zjh1kMMUj1gk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left">Investments held in Trust Account</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">116,695,841</td><td style="width: 1%; text-align: left"> </td></tr> </table> </div> The CODM reviews the position of total assets available with the Company to assess if the Company has sufficient resources available to discharge its liabilities.

<p id="xdx_897_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_gL3SOSRIBSTB-DYW_zPdCHnaR5R8e" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following: Schedule of Performance and Making Key Decisions Regarding Resource Allocation <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20250701__20260831__us-gaap--StatementBusinessSegmentsAxis__us-gaap--AllOtherSegmentsMember_zgUoytpCLN08" style="border-bottom: Black 1pt solid; text-align: center">For the Year Ended August 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20250829__20250831__us-gaap--StatementBusinessSegmentsAxis__us-gaap--AllOtherSegmentsMember_zD3gOm6D4Pd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Period from August 29, 2025 (Inception) through August 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--GeneralAndAdministrativeExpense_zOzXlC0uo8Y9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">General and administrative expenses</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">962,124</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">17,047</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--InvestmentTaxCredit_zMks8f9BsxHl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Interest earned on investments held in Trust Account</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,695,841</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20260831__us-gaap--StatementBusinessSegmentsAxis__us-gaap--AllOtherSegmentsMember_zhy4JHvUFG75" style="border-bottom: Black 1pt solid; text-align: center">August 31, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr class="xdx_phnt_RGlzY2xvc3VyZSAtIFNjaGVkdWxlIG9mIFBlcmZvcm1hbmNlIGFuZCBNYWtpbmcgS2V5IERlY2lzaW9ucyBSZWdhcmRpbmcgUmVzb3VyY2UgQWxsb2NhdGlvbiAoRGV0YWlscykA" id="xdx_400_eus-gaap--AssetsHeldInTrust_iI_zjh1kMMUj1gk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left">Investments held in Trust Account</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">116,695,841</td><td style="width: 1%; text-align: left"> </td></tr> </table>

962124

17047

1695841

116695841

Note 9 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. On October 20, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with APEX Tech Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company, the Sponsor, in its capacity as Purchaser Representative, Korai Flix, Inc., a Delaware corporation (“Korai”), and Hongdae Lee, in his capacity as Company Representative. Pursuant to the Merger Agreement, the Company will re-domicile as a Delaware corporation, and Merger Sub will merge with and into Korai, with Korai surviving as a wholly-owned subsidiary of the Company, in exchange for aggregate merger consideration of $<span id="xdx_906_eus-gaap--BusinessCombinationConsiderationTransferred1_c20261020__20261020__us-gaap--BusinessAcquisitionAxis__custom--KoraiFlixIncMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zuk2HHgn5gGj" title="Consideration payable">3,500,000,000 payable in newly issued shares of the Company valued at $<span id="xdx_90C_eus-gaap--SharesIssuedPricePerShare_iI_c20261020__us-gaap--BusinessAcquisitionAxis__custom--KoraiFlixIncMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zXnHmpLoikEe" title="Newly issued price per shares">10.00 per share. The closing is subject to shareholder approval and other customary conditions. In connection with the Merger Agreement, the Company also entered into a Sponsor Support Agreement and a Voting Agreement.

3500000000

10.00

Ordinary shares have been retroactively restated to reflect an amendment to the Subscription Agreement, pursuant to which the Sponsor increased its founder shares from 1,725,000 to 2,875,000 shares for an aggregate purchase price of $25,000. Initially, up to 375,000 founder shares were subject to forfeiture to the extent the underwriters’ over-allotment option was not exercised in full. Ordinary shares have been retroactively restated to reflect an amendment to the Subscription Agreement, pursuant to which the Sponsor increased its founder shares from 1,725,000 to 2,875,000 shares for an aggregate purchase price of $25,000. Initially, up to 375,000 founder shares were subject to forfeiture to the extent the underwriters’ over-allotment option was not exercised in full. Ordinary shares have been retroactively restated to reflect an amendment to the Subscription Agreement, pursuant to which the Sponsor increased its founder shares from 1,725,000 to 2,875,000 shares for an aggregate purchase price of $25,000. Initially, up to 375,000 founder shares were subject to forfeiture to the extent the underwriters’ over-allotment option was not exercised in full.