$100M–$105M IPO completed May 2026; 12-month combination deadline set for May 2027

Filed June 18, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Completed $100M IPO on May 11, 2026, plus $5M over-allotment on May 27, placing $105.5M in trust ($10.05/share). Company has until May 11, 2027 to complete business combination or liquidate and return trust funds to public shareholders.

  MD&A: IPO and Trust Account verify on EDGAR →
• medium

  Working capital deficit of $ 3,000 and only $399K cash outside trust as of April 30, 2026 (pre-IPO). Sponsor may provide up to $1M in convertible working capital loans to fund operations through combination deadline.

  MD&A: Liquidity verify on EDGAR →
• medium

  Sponsor acquired 2.875M founder shares for $25K total ($0.0087/share), representing 20% post-IPO ownership. These shares are locked up 180 days and receive no proceeds if the company liquidates.

  Notes: Founder Share Structure view on EDGAR →