Q3 10-Q for period ended 9/30/25. As of 9/30 company had not commenced operations; activity limited to formation and IPO prep. Subsequent event: IPO and full overallotment closed 11/10/25 — 17.25mm units at $10, $172.5mm placed in trust. Filing states no Business Combination target selected and no substantive discussions with any target. Rights entitle holder to one-fifth of one Class A share upon initial business combination. Pre-DA; no close-path catalyst. Trust cash $10.00/unit.

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