Original Sponsor purchased founder shares (Class B ordinary shares) for an aggregate purchase price of $25,000.
| Name / Title | Age | Compensation | Sex | Social Media |
|---|---|---|---|---|
|
Mr. Surendra Ajjarapu
Executive Chairman of the Board Chief Executive Officer |
53 | - | Male | |
|
Mr. Howard Doss
Chief Financial Officer |
70 | - | Male |
The proxy filed May 8, 2026 does not list the board, and no earlier proxy on record does.
Open the proxyOriginal Sponsor purchased founder shares (Class B ordinary shares) for an aggregate purchase price of $25,000.
Original Sponsor purchased private placement warrants in a private placement at $1.50 per warrant.
Original Sponsor loaned up to $300,000 to fund a portion of initial public offering expenses; repaid at IPO closing.
Additional loans from Original Sponsor, Sponsor or affiliates that may be convertible into warrants at $1.50 per warrant, up to a ceiling.
Sponsor agreed to purchase 4,317,500 Class A ordinary shares and 6,834,333 private placement warrants from the Original Sponsor for an aggregate purchase price of $1.00.
SSVK loaned $250,000 to the Sponsor, which loaned the same amount to the Company under a Loan and Transfer Agreement.
Apogee loaned $50,000 to the Sponsor, which loaned the same amount to the Company under a Loan and Transfer Agreement.
Lender Jinal Sheth loaned $150,000 to the Sponsor, which loaned the same amount to the Company under a Loan and Transfer Agreement.
Blackstone may loan up to $500,000 to the Company under a subscription agreement and promissory note, with a 20% original issue discount.
Company assumed liabilities due to the sponsor of PowerUp for administrative services fees and a residual balance from IPO proceeds; balance outstanding and due on demand.
Company agreed to pay Sponsor a modified promissory note fee of $1,000,000 upon closing of a business combination.
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