customary conditions to closing.The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors†section of the final prospectus of CAEP dated as of June 25, 2025 and filed by CAEP with the SEC on June 26, 2025, CAEP's Quarterly Reports on Form 10-Q, CAEP's Annual Report on Form 10-K and the Registration Statement that will be filed by AIR Global and AIR and the proxy statement/prospectus containe ...

Core Insights - The article discusses the author's journey from a political career to value investing, emphasizing the importance of risk management and long-term wealth growth [1] Group 1: Career Transition - The author initially pursued a career in politics but shifted to finance after facing challenges in 2019, recognizing the need for financial stability [1] - A sales role at a law firm from 2020 to 2022 allowed the author to excel and manage a team, contributing to the development of sales strategies [1] - The experience gained during this period was instrumental in assessing company prospects based on their sales strategies [1] Group 2: Investment Philosophy - The author identifies as a value investor, focusing on an owner's mindset and long-term investment horizons [1] - A position as an investment advisory representative at Fidelity from 2022 to 2023 highlighted a conflict between the author's value investing approach and Fidelity's reliance on modern portfolio theory [1] - The author ultimately left Fidelity due to the inability to align investment strategies internally, reaffirming a commitment to value investing [1] Group 3: Current Endeavors - Since November 2023, the author has been writing for Seeking Alpha, sharing investment opportunities discovered through personal research and experience [1] - The articles serve as a platform for the author to document and share the investment journey with readers, fostering a community of like-minded investors [1]

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of approximately $2.76 million, primarily from $2.95 million in interest income on investments held in the Trust Account[148]. - For the nine months ended September 30, 2025, the company had a net income of approximately $2.67 million, again mainly from interest income of $2.95 million[150]. - The company incurred general and administrative expenses of approximately $157,000 for the three months ended September 30, 2025, and $245,000 for the nine months ended September 30, 2025[148][150]. - Net income (loss) per ordinary share is calculated by dividing net income (loss) applicable to shareholders by the weighted average number of ordinary shares outstanding[161]. Initial Public Offering - The company completed its Initial Public Offering on June 27, 2025, raising $276 million from the sale of 27.6 million Class A ordinary shares at $10.00 per share, including $5.8 million from a private placement[133][134]. Cash and Working Capital - As of September 30, 2025, the company had cash of $25,000 and a working capital of approximately $63,000, compared to a working capital deficit of approximately $164,000 as of December 31, 2024[144]. - As of September 30, 2025, the company had approximately $12,000 outstanding under the Sponsor Loan, with no borrowings under Working Capital Loans or the Sponsor Note[156]. Business Combination - The company has until June 27, 2027, to complete its Business Combination, or it will liquidate and redeem public shares at a price equal to the amount in the Trust Account[136]. - The company is focusing its search for target businesses in sectors such as financial services, digital assets, healthcare, real estate services, technology, and software[132]. - The SEC adopted new rules for SPACs effective July 1, 2024, which may impact the company's ability to negotiate and complete its Business Combination[137]. - The company has received a commitment from the Sponsor to provide up to $1.75 million in loans to cover transaction costs related to the Business Combination[145]. - The company engaged Cantor Fitzgerald & Co. as an advisor for the Business Combination, with a cash fee of $10,380,000 payable upon consummation[153]. Sponsor Loans - The Sponsor has agreed to lend the company up to $4,140,000 under a promissory note, with a conversion option into Class A ordinary shares at $10.00 per share[154]. - The Sponsor has committed up to $1,750,000 in a Sponsor Loan to cover transaction costs and working capital, also convertible into Class A ordinary shares at $10.00 per share[155]. Other Financial Information - The company accounts for 27,600,000 Class A ordinary shares as temporary equity subject to possible redemption as of September 30, 2025[159]. - The company has not generated any operating revenues to date and will not do so until after the completion of the Business Combination[147]. - The company has not reported any off-balance sheet arrangements or contractual obligations as of September 30, 2025[163]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[164].

Financial Performance - The company reported a net loss of approximately $63,000 for the three months ended June 30, 2025, compared to a net loss of approximately $3,000 for the same period in 2024 [132]. - For the six months ended June 30, 2025, the company had a net loss of approximately $90,000, which included approximately $88,000 in general and administrative expenses [133]. - The net loss per ordinary share is calculated by dividing the net loss applicable to shareholders by the weighted average number of ordinary shares outstanding [144]. Initial Public Offering - The company completed its Initial Public Offering on June 27, 2025, raising $276 million from the sale of 27.6 million Class A ordinary shares at $10.00 per share, including $5.8 million from a private placement [122][123]. - The company has engaged Cantor Fitzgerald & Co. as an advisor for the Business Combination, agreeing to pay a fee of $10.38 million, which is 3.5% of the gross proceeds from the Initial Public Offering [135]. Business Combination - The company has until June 27, 2027, to complete its Business Combination, or it will liquidate and redeem Public Shares at a price equal to the amount in the Trust Account [125]. - The Sponsor has committed to provide up to $1.75 million in loans to cover transaction costs related to the Business Combination, with no amounts drawn as of June 30, 2025 [129][137]. - The SEC's new rules for SPACs, effective July 1, 2024, may impact the company's ability to negotiate and complete its Business Combination, potentially increasing costs and time [126]. Financial Position - As of June 30, 2025, the company had approximately $405,000 in cash and a working capital of approximately $357,000, compared to a working capital deficit of approximately $164,000 as of December 31, 2024 [128]. - The company has not generated any operating revenues to date and will only generate non-operating income from interest on amounts held in the Trust Account [131]. - The company has 27,600,000 Class A ordinary shares subject to possible redemption as of June 30, 2025, classified as temporary equity [142]. - There were no off-balance sheet arrangements or contractual obligations as of June 30, 2025 [146]. Target Business Focus - The company is focusing its search for target businesses in sectors such as financial services, digital assets, healthcare, real estate services, technology, and software [121].