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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 8 — SUBSEQUENT EVENTS

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were available to be issued. Based upon this review, the Company identified the following subsequent events that would have required adjustment or disclosure in the financial statements.

 

On December 12, 2025, the Company held another extraordinary general meeting to approve a proposal to extend the time the Company had to consummate its initial Business Combination to up to June 14, 2026. In connection with the meeting, an aggregate of 54,475 Public Shares were redeemed at a price of approximately $11.38 per share. Following the redemptions, the Company has 673,396 Public Shares, and $7,660,670 remaining in Trust Account.

 

As previously disclosed, the Company received notices from Nasdaq indicating noncompliance with multiple Nasdaq Global Market continued listing requirements. The Company appealed the Delisting Determination Letter and a hearing on the matter was held on August 21, 2025. As a result of such hearing, on September 4, 2025, the Nasdaq Hearings Panel (the “Panel”) granted the Company’s request to continue its listing on Nasdaq provided that the Company consummate its previously announced business combination by October 15, 2025. The Company failed to consummate its previously announced business combination by such date. As a result, on October 30, 2025, the Company received a Nasdaq listing qualifications hearing decision letter (the “Hearing Decision Letter”) notifying the Company that the Panel had determined to delist the securities of the Company at the open of trading on November 3, 2025 due to the Company’s failure to complete its business combination by the October 15, 2025 deadline.

 

The Hearing Decision Letter indicated that the Company could request a review of the Panel’s decision by the Nasdaq Listing and Hearing Review Council (the “Council”) pursuant to the procedures set forth in the Nasdaq Listing Rule 5820(a). Accordingly, the Company timely made the request for the hearing before the Council to review the decision made by the Panel. On December 16, 2025, the Council notified the Company that it was affirming the Panel’s decision to delist the Company.