Shareholder Actions - Evergreen Corporation held an Extraordinary General Meeting on July 18, 2023, where shareholders approved the redemption of 4,004,330 ordinary shares[122]. Business Combination and Financials - The company has the right to extend the period to complete a business combination by up to twelve times for an additional one month each time, with a deposit of $160,000 or $0.055 per Class A ordinary share[121]. - As of February 28, 2025, Evergreen Corporation had investments of $26,693,780 held in Trust Accounts, intended for the initial business combination[134]. - The company entered into a Merger Agreement on September 5, 2024, with an aggregate consideration of $105,000,000 for the Acquisition Merger, payable in 10,500,000 newly issued shares[128]. - For the three months ended February 28, 2025, the company reported a net income of $83,608, with interest earned on investments of $488,246[131]. - Cash used in operating activities for the three months ended February 28, 2025, was $358,977, compared to $80,776 for the same period in 2024[133]. - As of February 28, 2025, the company had cash of $10,576 outside of Trust Accounts, primarily for identifying and evaluating target businesses[135]. - The company has borrowed $1,848,500 under working capital loans as of February 28, 2025, with up to $1,500,000 of such loans potentially convertible into units[136]. Revenue and Liquidity Concerns - The company has not generated any revenues to date and does not expect to do so until after the completion of its initial business combination[130]. - The liquidity condition raises substantial doubt about the company's ability to continue as a going concern until the consummation of the Business Combination or mandatory liquidation[138].

Financial Performance - The company had a net income of $1,768,961 for the year ended November 30, 2024, compared to $3,673,548 for the year ended November 30, 2023[74]. - The company incurred formation and operating costs of $1,697,682 for the year ended November 30, 2024, up from $1,343,438 for the year ended November 30, 2023[74]. - Cash used in operating activities was $975,880 for the year ended November 30, 2024, compared to $804,295 for the year ended November 30, 2023[76]. Investments and Financing - As of November 30, 2024, the company had investments of $55,412,140 held in the Trust Accounts[77]. - The company generated gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit[75]. - The company has borrowed $1,483,500 under working capital loans as of November 30, 2024[80]. - The company has no off-balance sheet financing arrangements or obligations[86]. Mergers and Acquisitions - The company entered into a Merger Agreement on September 5, 2024, with an aggregate consideration of $105,000,000 for the Acquisition Merger[72]. Shareholder Activity - Shareholders elected to redeem an aggregate of 4,004,330 ordinary shares on July 18, 2023, and 2,831,713 ordinary shares on May 9, 2024[65][68]. Business Combination - The company has the right to extend the period to complete a business combination by up to twelve times for an additional one month each time, with a deposit of $160,000 or $0.055 per Class A ordinary share[64].

Financial Performance - Evergreen Corporation had a net income of $834,222 for the three months ended May 31, 2024, with interest earned on investments held amounting to $1,033,580[108]. - For the six months ended May 31, 2024, the net income was $1,667,915, consisting of formation and operating costs of $445,750 and interest earned of $2,113,665[108]. - Cash used in operating activities for the six months ended May 31, 2024, was $303,257, compared to $340,292 for the same period in 2023[110]. Investments and Financing - As of May 31, 2024, Evergreen Corporation had investments of $53,579,162 held in Trust Accounts, intended for the initial business combination[111]. - The company raised gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit[109]. - The company has borrowed $810,500 under working capital loans as of May 31, 2024, with the option for up to $1,500,000 of such loans to be convertible into units[113]. Shareholder Actions - Shareholders elected to redeem an aggregate of 4,004,330 ordinary shares on July 18, 2023, and 2,831,713 ordinary shares on May 9, 2024[103][106]. Business Operations and Future Outlook - The company has not generated any operating revenues to date and does not expect to do so until after the completion of its initial business combination[107]. - The liquidity condition raises substantial doubt about the company's ability to continue as a going concern until the consummation of the business combination or mandatory liquidation[115]. - Evergreen Corporation has the right to extend the period to complete a business combination by up to twelve times for an additional month each time, with a deposit of $160,000 or $0.055 per Class A ordinary share[102].

Financial Performance - For the three months ended February 29, 2024, the company reported a net income of $833,693, down from $1,027,128 for the same period in 2023, reflecting a decrease of approximately 18.9%[112] - The company incurred formation and operating costs of $246,392 for the three months ended February 29, 2024, compared to $166,295 for the same period in 2023, indicating an increase of approximately 48.1%[112] - The company has not generated any operating revenues to date and relies on non-operating income from interest on marketable securities[111] Cash and Investments - The company had cash of $25,157 outside of the Trust Accounts as of February 29, 2024, which will be used primarily for identifying and evaluating target businesses[116] - As of February 29, 2023, the company held investments of $84,509,975 in Trust Accounts, intended for the completion of the initial business combination[115] Debt and Financing - The company has borrowed $609,000 under working capital loans as of February 29, 2024, with the potential for up to $1,500,000 of such loans to be convertible into units at the lender's option[117] Business Combination and Shareholder Actions - The company intends to extend the period to complete a business combination by up to twelve times for an additional month each time, with a deposit of either $160,000 or $0.055 per Class A ordinary share outstanding[109] - A total of 4,004,330 ordinary shares were redeemed by shareholders in connection with the General Meeting held on July 18, 2023[110] Going Concern - The company faces substantial doubt about its ability to continue as a going concern until the completion of its business combination or mandatory liquidation[119] Initial Public Offering - The company generated gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit[113]

Financial Performance - As of November 30, 2023, the company reported a net income of $3,673,548, an increase from $906,058 in the previous year, driven by interest earned on investments held[59]. - For the year ended November 30, 2023, cash used in operating activities was $804,295, compared to $515,885 in the previous year[61]. - The company incurred formation and operating costs of $1,343,438 for the year ended November 30, 2023[59]. - The company has not generated any operating revenues to date and does not expect to do so until after completing the initial business combination[58]. Cash and Investments - The company had cash of $146,933 outside of Trust Accounts as of November 30, 2023, which will be used for identifying and evaluating target businesses[64]. - The company has investments of $82,949,890 held in Trust Accounts, intended for completing the initial business combination[62]. - The company has borrowed $650,000 under working capital loans as of November 30, 2023, with the potential for up to $1,500,000 to be convertible into units[65]. Business Operations - The company completed its Initial Public Offering on February 11, 2022, raising gross proceeds of $115,000,000 from 11,500,000 Units sold at $10.00 per Unit[60]. - Shareholders elected to redeem an aggregate of 4,004,330 ordinary shares during the Extraordinary General Meeting[57]. - The company has the right to extend the period to complete a business combination by up to twelve times for an additional month each time, with a cost of $160,000 or $0.055 per Class A ordinary share[56].

Financial Performance - For the nine months ended August 31, 2023, the company reported a net income of $3,100,901, compared to $123,532 for the same period in 2022, reflecting a significant increase in interest earned on investments held[116]. - The company incurred operating costs of $582,992 for the nine months ended August 31, 2023[118]. - The company has not generated any operating revenues to date and does not expect to do so until after the completion of its initial business combination[115]. Investments and Cash Position - The company had investments of $81,558,764 held in Trust Accounts as of August 31, 2023, which are intended to be used for the initial business combination[119]. - As of August 31, 2023, the company had cash of $236 outside of the Trust Accounts, which will be used for identifying and evaluating target businesses[120]. - The company has borrowed $282,000 under working capital loans as of August 31, 2023, with the potential for up to $1,500,000 of such loans to be convertible into units[121]. Shareholder Actions - Shareholders elected to redeem an aggregate of 4,004,330 ordinary shares during the Extraordinary General Meeting held on July 18, 2023[114]. Business Combination and Future Outlook - The company completed its Initial Public Offering on February 11, 2022, raising gross proceeds of $115,000,000 from the sale of 11,500,000 Units at $10.00 per Unit[117]. - The company has the right to extend the period to complete a business combination by up to twelve times for an additional one month each time, with a deposit of $160,000 or $0.055 per Class A ordinary share[113]. - The company faces substantial doubt about its ability to continue as a going concern until the completion of the business combination or liquidation[123].

Financial Performance - Net income for the three months ended May 31, 2023, was $961,869, compared to a net loss of $67,214 for the same period in 2022, indicating a significant turnaround[13]. - For the six months ended May 31, 2023, the net income was $1,988,997 compared to a net loss of $119,934 for the same period in 2022, indicating a significant improvement[18]. - The Company reported a net income of $776,367 for the three months ended May 31, 2023, compared to a net loss of $36,977 for the same period in 2022[66]. - Basic and diluted net income per ordinary share for the three months ended May 31, 2023, was $0.06, compared to a loss of $0.00 for the same period in 2022[13]. - Basic and diluted net income per redeemable Class A ordinary share was $0.06 for the three months ended May 31, 2023, compared to $(0.00) for the same period in 2022[66]. Assets and Liabilities - Total assets increased to $122,980,522 as of May 31, 2023, up from $118,464,460 as of November 30, 2022, representing a growth of approximately 4.27%[11]. - Cash and marketable securities held in trust account amounted to $122,937,920 as of May 31, 2023, compared to $118,051,563 as of November 30, 2022, showing an increase of approximately 4.9%[11]. - Total current liabilities rose to $2,548,214 as of May 31, 2023, from $21,149 as of November 30, 2022, indicating a substantial increase in short-term obligations[11]. - Total liabilities increased to $6,573,214 as of May 31, 2023, from $4,046,149 as of November 30, 2022, marking an increase of approximately 62.3%[11]. - Accumulated deficit increased to $(6,530,953) as of May 31, 2023, from $(3,633,593) as of November 30, 2022, reflecting ongoing financial challenges[11]. Operational Costs - Loss from operations for the six months ended May 31, 2023, was $597,359, compared to a loss of $209,781 for the same period in 2022, reflecting an increase in operational costs[13]. - Formation and operating costs for the three months ended May 31, 2023, were $431,064, significantly higher than $156,788 for the same period in 2022, indicating increased operational expenditures[13]. - The company has incurred formation and operating costs of $597,359 for the six months ended May 31, 2023[115]. Cash Flow and Financing - Cash flows from operating activities showed a net cash used of $340,291, slightly higher than the $330,886 used in the same period last year[18]. - Net cash provided by financing activities was $2,350,000, down from $117,542,113 in the prior year, highlighting a reduction in financing activities[18]. - As of May 31, 2023, cash at the end of the period was $10,936, a significant decrease from $486,229 at the end of the same period in 2022[18]. - The company invested $2,300,000 in the Trust Account, a substantial decrease from $116,724,999 in the previous year, reflecting a shift in investment strategy[18]. - The Company expects to incur significant costs in pursuit of its acquisition plans and anticipates negative cash flows from operations until a business combination is completed[41]. Business Combination and Future Operations - The company has not commenced any operations and will not generate operating revenues until after completing its initial Business Combination[21]. - The company may need to obtain additional financing to complete its initial business combination or to meet obligations if a significant number of Public Shares are redeemed[121]. - There is substantial doubt about the Company's ability to continue as a going concern for a period of time within one year after the issuance of the financial statements[43]. - The financial statements do not include any adjustments that might result from the uncertainty regarding the Company's ability to raise additional capital or consummate a business combination[43]. - The Company has evaluated its ability to continue as a going concern, raising substantial doubt about its ability to operate until the completion of the Business Combination[122]. Shareholder Information - The Company has 11,500,000 Class A ordinary shares outstanding that are subject to possible redemption[60]. - The Company has authorized the issuance of 479,000,000 Class A ordinary shares, with 532,500 shares issued and outstanding as of May 31, 2023[95]. - The Class B ordinary shares, totaling 2,875,000 issued and outstanding, will convert into Class A ordinary shares on a one-for-one basis upon a Business Combination[98]. - The holders of the Founder Shares have agreed not to transfer their shares until six months after the completion of a Business Combination[78]. Initial Public Offering - The Initial Public Offering generated gross proceeds of $100,000,000, with transaction costs amounting to $8,557,887[22][23]. - The Company generated gross proceeds of $115,000,000 from the sale of 11,500,000 Units at a purchase price of $10.00 per Unit during the Initial Public Offering[73]. - Offering costs associated with the Initial Public Offering totaled $4,532,887, which were charged to additional paid-in capital upon completion[67]. - The underwriters received a cash underwriting discount of $0.20 per Unit, totaling $2,000,000, payable upon the closing of the Initial Public Offering[90]. - The Company granted underwriters a 45-day option to purchase up to 1,500,000 additional Units to cover over-allotments at the Initial Public Offering price[89].

Financial Performance - For the three months ended February 28, 2023, the company reported a net income of $1,027,128, compared to a net loss of $52,720 for the same period in 2022[113]. - The company incurred formation and operating costs of $166,295 during the three months ended February 28, 2023[113]. Capital and Investments - The company generated gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit[114]. - As of February 28, 2023, the company had investments of $120,394,986 held in Trust Accounts, which are intended to be used for the initial business combination[116]. Cash Flow and Liquidity - Cash used in operating activities for the three months ended February 28, 2023, was $169,944[115]. - The company had cash of $131,284 outside of the Trust Accounts as of February 28, 2023, to fund operational activities and due diligence[117]. - The company may need to obtain additional financing to complete its initial business combination or to meet obligations if cash on hand is insufficient[119]. - The liquidity condition raises substantial doubt about the company's ability to continue as a going concern until the business combination is consummated or liquidation is required[120]. Revenue Expectations - The company does not expect to generate any operating revenues until after the completion of its initial business combination[111]. Financing Arrangements - The company has not entered into any off-balance sheet financing arrangements or established any special purpose entities[124].

Financial Position - As of November 30, 2022, the company had $301,228 in cash outside of the Trust Account and a working capital surplus of $391,748[37]. - As of November 30, 2022, the company held investments of $118,051,563 in Trust Accounts, intended for the initial business combination[55]. - Total assets increased to $118,464,460 as of November 30, 2022, compared to $105,995 as of November 30, 2021[148]. - Total current assets increased to $412,897 as of November 30, 2022, from $105,995 as of November 30, 2021[148]. - Total liabilities decreased to $4,046,149 as of November 30, 2022, from $110,855 as of November 30, 2021[148]. - As of November 30, 2022, the Company had $301,228 in cash and no cash equivalents, indicating limited liquidity[187]. Income and Expenses - For the year ended November 30, 2022, the company reported a net income of $906,058, consisting of formation and operating costs of $420,505 and interest earned on investments of $1,326,563[52]. - The company incurred $100,000 in administrative service fees for the year ended November 30, 2022[64]. - The company incurred total IPO transaction costs of $8,557,887, which included $4,025,000 in deferred underwriting fees[159]. - Audit fees for the year ended November 30, 2022, were approximately $42,500, while fees for the prior period were $45,000[131]. - Formation and operating costs for the year ended November 30, 2022, were $420,505, significantly higher than $4,860 for the prior period[150]. - The Company reported a net income allocable to redeemable Class A ordinary shares of $699,108 for the year ended November 30, 2022, resulting in a basic and diluted net income per share of $0.07[200]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on February 11, 2022, raising gross proceeds of $115,000,000 from the sale of 11,500,000 Units at $10.00 per Unit[53]. - The Company sold 11,500,000 Units at a price of $10.00 per Unit during the Initial Public Offering, generating gross proceeds of $115,000,000[207]. - The underwriting discount paid at the closing of the Initial Public Offering was approximately $2,300,000, with a deferred underwriting discount of $4,025,000[66]. - Offering costs associated with the Initial Public Offering amounted to $4,532,887, which were charged to additional paid-in capital[201]. - The Company generated gross proceeds of $100,000,000 from its Initial Public Offering (IPO) on February 11, 2022, with additional proceeds of $15,000,000 from the exercise of the overallotment option[158][161]. Business Operations and Future Outlook - The company has not engaged in any operations or generated revenues to date, focusing on identifying a target company for an initial business combination[51]. - The company has not yet identified a target for its business combination, which must have a fair market value equal to at least 80% of the net assets held in the trust account[163]. - The company is within 12 months of mandatory liquidation, raising substantial doubt about its ability to continue as a going concern[59]. - The company has substantial doubt about its ability to continue as a going concern if a business combination is not completed within a prescribed period[142]. - If a Business Combination is not completed within 12 to 18 months, the Company will cease operations and redeem Public Shares based on the amount in the Trust Account[172]. Governance and Management - The Audit Committee consists of independent directors Lim Wai Loong, Dr. Mohamad Zabidi Bin Ahmad, and Alberto Coronado Santos, ensuring compliance with NASDAQ's listing standards[97]. - The Compensation Committee, chaired by Lim Wai Loong, evaluates officers' performance and determines compensation levels based on corporate goals[98]. - The company has not engaged any compensation consultant for executive or director compensation, ensuring independence in the process[99]. - The board of directors is composed of independent members who can recommend director nominees without a standing nominating committee[102]. - The company has adopted a code of conduct and ethics applicable to its directors, officers, and employees[108]. Share Structure and Capitalization - As of February 22, 2023, the company had 11,500,000 publicly-held Class A ordinary shares and 2,875,000 Class B ordinary shares outstanding[114]. - Evergreen LLC, the sponsor, holds 3,407,500 shares, representing 22.86% of the outstanding shares[116]. - The Company has authorized the issuance of 479,000,000 Class A ordinary shares and 20,000,000 Class B ordinary shares, with 2,875,000 Class B ordinary shares issued and outstanding[228]. - The Company has 11,500,000 Class A Ordinary Shares outstanding that are subject to possible redemption[194]. - Class B ordinary shares will convert into Class A ordinary shares on a one-for-one basis at the time of a Business Combination, with adjustments to maintain 20% of total ordinary shares outstanding post-IPO[230]. Redemption and Warrants - The Company anticipates redeeming Public Shares at an initial value of $10.15 per share, plus any pro rata interest, net of taxes payable[165]. - The Company will not redeem Public Shares if it would cause net tangible assets to fall below $5,000,001 to avoid SEC's "penny stock" rules[166]. - Holders of Public Warrants will not receive funds from the Trust Account if the Company fails to complete a Business Combination within the Combination Period, potentially leading to worthless warrants[236]. - Public Warrants can only be exercised for whole shares and will become exercisable 30 days after a Business Combination or 12 months post-IPO, expiring five years after the Business Combination[231].

Financial Performance - For the three-month period ended August 31, 2022, the company reported a net income of $243,466, consisting of formation and operating costs of $144,575 and interest earned on marketable securities of $388,041 [109]. - For the nine-month period ended August 31, 2022, the company had a net income of $123,532, with formation and operating costs of $354,356 and interest earned on marketable securities of $477,888 [109]. - The company incurred operating expenses of $428,385 for the nine-month period ended August 31, 2022 [112]. Initial Public Offering - The company completed its Initial Public Offering on February 11, 2022, raising gross proceeds of $115,000,000 from the sale of 11,500,000 units at $10.00 per unit [111]. Investments and Cash Position - As of August 31, 2022, the company held investments of $117,202,888 in the Trust Account, intended for the initial Business Combination [113]. - As of August 31, 2022, the company had cash of $388,728 outside the Trust Account, primarily for identifying and evaluating target businesses [114]. Debt and Obligations - The company has no long-term debt or capital lease obligations, only a monthly fee of up to $10,000 to the Sponsor for administrative support [118]. - The underwriters are entitled to a deferred fee of $4,025,000, payable only if the company completes a Business Combination [119]. Future Expectations - The company does not expect to generate operating revenues until after the completion of its initial Business Combination [108]. - The company may need additional financing to complete its initial Business Combination or to meet obligations if cash on hand is insufficient [116].