our sponsor
our sponsor
$25,000
June 26, 2024
Sponsor paid $25,000 for 7,665,900 founder shares (later reduced to 5,750,000 founder shares).
| Name / Title | Age | Compensation | Sex | Social Media |
|---|---|---|---|---|
|
Mr. Kanishka Roy
Chairman of the Board Chief Executive Officer |
49 | - | Male | |
|
Mr. Steven Handwerker
Chief Financial Officer Director |
36 | - | Male |
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Sponsor paid $25,000 for 7,665,900 founder shares (later reduced to 5,750,000 founder shares).
Sponsor transferred 25,000 founder shares to each of three independent directors (75,000 founder shares in aggregate) at their original purchase price.
Sponsor transferred 25,000 founder shares to our fourth independent director.
Sponsor purchased 440,000 private placement units and 570,000 restricted private placement shares in a private placement at $10.00 per unit or share.
Chief Executive Officer and Chief Financial Officer are paid monthly consulting fees for services to the company, from IPO closing through business combination closing.
Sponsor agreed to loan up to $500,000 under an unsecured non-interest bearing promissory note, used for IPO expenses and repaid at IPO completion.
Company issued an unsecured promissory note to the sponsor for up to $1,500,000, drawable from time to time, non-interest bearing, with conversion option at $10.00 per share.
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