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Private Placement
9 Months Ended
Sep. 30, 2026
Class of Stock Disclosures [Abstract]  
PRIVATE PLACEMENT

NOTE 4. PRIVATE PLACEMENT

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 712,500 Private Units, at a price of $10.00 per Private Unit, in the Private Placement to the Sponsor and BTIG, generating gross proceeds of $7,125,000. Of those 712,500 Private Units, the Sponsor purchased 452,500 Private Units, and BTIG purchased 260,000 Private Units. Each Private Unit consists of one Private Share and one-half (1/2) of one Private Warrant. Each whole Private Warrant entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment.

 

The Private Units are identical to the Units sold in the Initial Public Offering except that, so long as they are held by the Sponsor, the Underwriters or their permitted transferees, the Private Units (i) may not (including the Class A Ordinary Shares issuable upon exercise of the Private Warrants contained in the Private Units), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) will be entitled to registration rights and (iii) with respect to Private Warrants contained in the Private Units held by BTIG and/or their designees, will not be exercisable more than five years from the commencement of sales in the Initial Public Offering in accordance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110(g)(8).