Item 4 — Purpose of Transaction
In connection with the organization of the Issuer, on January 19, 2026, the Sponsor paid $25,000, or approximately $0.004 per share, to cover certain of the Issuer's offering costs in exchange for 5,750,000 Class B Ordinary Shares (the "Founder Shares"), pursuant to the Securities Subscription Agreement dated as of January 19, 2026 between the Sponsor and the Issuer (the "Founder Share Purchase Agreement") as more fully described in Item 6 of this Section 13D, which information is incorporated by reference. On May 26, 2026, prior to the consummation of the IPO, the Sponsor surrendered 1,100,000 Class B Ordinary Shares, and certain at-risk capital investors purchased, 1,100,000 founder shares, which resulted in the Sponsor owning 4,650,000 Class B Ordinary Shares. On May 28, 2026, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 175,000 units ("Placement Units") of the Issuer at $10.00 per Placement Unit, pursuant to a Private Placement Units Purchase Agreement, dated as of May 26, 2026, by and between the Issuer and the Sponsor (the "Placement Units Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D, which information is incorporated herein by reference. On June 4, 2026, the underwriter purchased an additional 750,000 Option Units pursuant to the partial exercise of its Over-Allotment Option, with such notice of partial exercise provided to the Company on June 2, 2026. The Option Units were sold at an offering price of $10.00 per Unit, generating additional gross proceeds to the Company of $7,500,000. In connection with the underwriter's exercise of its Over-Allotment Option, the underwriter purchased an additional 3,000 Placement Units and 33,750 Representative Shares. In addition, the Sponsor purchased an additional 6,750 Placement Units. Following the exercise of the Over-Allotment Option, 500,000 Founder Shares remain subject to forfeiture if the underwriter does not exercise Over-Allotment Option to purchase additional Units within 45 days of May 26, 2026. Each Placement Unit consists of one Class A Ordinary Share and one right to receive one-fourth (1/4) of a Class A ordinary share upon the consummation of an initial business combination (as described more fully in the Issuer's Final Prospectus dated May 26, 2026). The Ordinary Shares owned by the Reporting Persons have been acquired for investment purposes. The Reporting Persons may make further acquisitions of the Ordinary Shares from time to time and, subject to certain restrictions, may dispose of any or all of the Ordinary Shares held by the Reporting Persons at any time depending on an ongoing evaluation of the investment in such securities, prevailing market conditions, other investment opportunities and other factors. However, certain of such shares are subject to certain lock-up restrictions as further described in Item 6 below. Except for the foregoing, the Reporting Persons have no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) and (c) through (j) of Item 4 of Schedule 13D. With respect to paragraph (b) of Item 4, the Issuer is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Under various agreements between the Issuer and the Reporting Persons as further described in Item 6 below, the Reporting Persons have agreed (A) to vote their shares in favor of any proposed business combination and (B) not to redeem any shares in connection with a shareholder vote (or tender offer) to approve (or in connection with) a proposed initial business combination. The Reporting Persons may, at any time and from time to time, review or reconsider their position, change their purpose or formulate plans or proposals with respect to the Issuer.