Item 4 — Purpose of Transaction
In connection with the organization of the Issuer, on March 20, 2026, pursuant to a Securities Subscription Agreement, the Issuer issued an aggregate of 2,875,000 ordinary shares as Founder Shares to the Sponsor for an aggregate purchase price of $25,000. The Founder Shares included 375,000 ordinary shares that were subject to forfeiture depending on the extent to which the underwriter's over-allotment option was not exercised. On July 27, 2026, the Issuer consummated its initial public offering of 8,625,000 units, including 1,125,000 units issued pursuant to the full exercise of the underwriter's over-allotment option. Accordingly, none of the Founder Shares were forfeited. Simultaneously with the consummation of the Issuer's initial public offering, the Sponsor purchased 311,500 private placement units ("Private Placement Units") of the Issuer at $10.00 per Private Placement Unit, as more fully described in Item 6 of this Schedule 13D, which information is incorporated herein by reference. Each Private Placement Unit consists of one ordinary share and one right to receive one-tenth (1/10) of one ordinary share upon the consummation of the Issuer's initial business combination. The Ordinary Shares owned by the Reporting Person have been acquired for investment purposes. The Reporting Person 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 Person at any time depending on an ongoing evaluation of the investment in such securities, prevailing market conditions, other investment opportunities and other factors, subject to applicable lock-up restrictions. Except for the foregoing, the Reporting Person has 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 newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Under various agreements between the Issuer and the Reporting Person, the Reporting Person has agreed, among other things, (A) to vote its Founder Shares, Private Placement Shares and any public shares held by it in favor of any proposed initial business combination, if permitted by law or regulation; (B) to waive redemption rights with respect to its Founder Shares and Private Placement Shares in connection with the completion of the Issuer's initial business combination and certain amendments to the Issuer's memorandum and articles of association; and (C) to waive rights to liquidating distributions from the trust account with respect to its Founder Shares and Private Placement Shares if the Issuer fails to complete an initial business combination within 21 months from the consummation of its initial public offering. The Reporting Person may, at any time and from time to time, review or reconsider its position, change its purpose or formulate plans or proposals with respect to the Issuer.