Company Executives

Sponsor paid $25,000 to cover offering costs in exchange for 9,583,333 Founder Shares.

Sponsor purchased 495,447 Private Placement Units in the private placement at $10.00 per unit.

Company reimburses Sponsor $25,000 per month for office space, utilities and administrative support under the Administrative Services Agreement; $275,000 in fees incurred for 2025.

Sponsor loan under the IPO Promissory Note, used to cover IPO expenses and fully repaid at the IPO closing.

Sponsor transferred 75,000 Founder Shares to the three independent directors (25,000 each) for no consideration; fair value of the shares was $111,300.