UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) 801 Brickell Avenue, Suite 1900 (Address of principal executive offices) (Zip Code) (305) 438-7700 ( ...

Financial Performance - The company reported a net loss of $62,889 for the three months ended June 30, 2025, primarily due to formation and operating costs of $62,895, offset by interest income of $6[103]. - For the six months ended June 30, 2025, the net loss was $197,509, which included share-based compensation expense of $108,750 and formation and operating costs of $88,765, also offset by interest income of $6[103]. - Cash used in operating activities for the six months ended June 30, 2025, was $53,009, influenced by a net loss of $197,509 and compensation expense to directors of $108,750[109]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on July 2, 2025, raising gross proceeds of $100,000,000 from the sale of 10,000,000 Units at $10.00 per Unit[106]. - An additional 1,500,000 Units were sold on July 11, 2025, generating gross proceeds of $15,000,000, along with 30,000 Private Placement Units for total proceeds of $300,000[107]. - Following the IPO and related transactions, a total of $115,000,000 was placed in the Trust Account, with total offering costs amounting to $6,741,773[108]. - The underwriters are entitled to a deferred underwriting discount of 3.5% of the gross proceeds from the Initial Public Offering, totaling $4,025,000[118]. Future Plans and Financial Needs - The company intends to utilize funds in the Trust Account primarily for completing its Business Combination and financing operations of the target business[111]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to the Business Combination, but may require additional financing for completion[114]. Liabilities and Arrangements - The company has no off-balance sheet arrangements or long-term liabilities, except for a monthly fee of $10,000 for office space and administrative services[115][117].