Item 4 — Purpose of Transaction
In connection with the organization of the Issuer, on April 7, 2026, the Sponsor paid $25,000 to purchase 7,187,500 Class B Ordinary Shares (the "Founder Shares"), pursuant to a Securities Subscription Agreement, dated as of April 7, 2026, by and between the Sponsor and the Issuer (the "Founder Share Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D which information is incorporated herein by reference. On July 21, 2026, the Sponsor surrendered 1,437,500 Founder Shares for no consideration and holds 5,750,000 Founder Shares. On August 10, 2026, simultaneously with the consummation of the IPO, the Sponsor purchased 225,000 units ("Placement Units") of the Issuer at $10.00 per Placement Unit, pursuant to a Private Placement Units Purchase Agreement, dated as of August 6, 2026, by and between the Issuer and the Sponsor (the "Private Placement Units Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D, which information is incorporated herein by reference. Each Placement Unit consists of one Class A Ordinary Share and a right to automatically receive one-eighth (1/8) of one Class A Ordinary Share upon consummation of the Issuer's initial business combination, subject to adjustment, commencing immediately following the consummation of the Issuer's initial business combination (as described more fully in the Issuer's Final Prospectus dated August 6, 2026). AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, a director of the Issuer, is the co-managing member of the Sponsor and shares the control and management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor. Andrew Rechtschaffen, a director of the Issuer, has voting and investment discretion over the securities held by AVR Capital Holdings, LLC. AVR Capital Holdings, LLC disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest it may have therein, directly or indirectly. On August 10, 2026, AVR Capital Holdings, LLC purchased 1,000,000 Public Units in the IPO. The Ordinary Shares beneficially 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.