On Nov 9, 2025 CAC entered a BCA with WISeSat.Space Holdings (Pubco), Merger Sub, WISeSat.Space Corp and WISeKey (Seller). At closing: Seller exchanges Company shares for Pubco shares at $250M plus any pre-close Transaction Financing ($10/share); Merger Sub merges into CAC and each non-redeemed CAC ordinary becomes one Pubco ordinary. Units detach; each CAC right converts into 1/7 CAC ordinary immediately before the Effective Time. Close path now runs through CAC shareholder vote, effective Registration Statement, Pubco Nasdaq listing and other customary conditions; Outside Date July 22, 2026, with optional monthly extensions past the Jan 22, 2026 deadline (50/50 Sponsor–Company extension cost). Cash/V still depends on redemptions and any Transaction Financing (parties to seek ≥$10M).

Conversion 1/7