Financial Analysis

Note 6 Commitments and Contingencies Registration Rights On May 7, 2026, the Company entered into a Registration Rights Agreement with the holders of the Founder Shares, Private Units and certain other security holders, pursuant to which such holders are entitled to certain demand and piggy-back registration rights. The holders of these securities are entitled to make up to three demands that the Company registers such securities. The holders of a majority of the private units and units issued in payment of working capital loans made to us can elect to exercise these registration rights at any time commencing on the date that the Company consummate an initial business combination. In addition, the holders have certain piggy-back registration rights with respect to registration statements filed subsequent to the consummation of an initial business combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriter, A.G.P./Alliance Global Partners (A.G.P.), a 45-day option from the effective date of the Registration Statement (May 7, 2026) to purchase up to 1,500,000 additional Units to cover over-allotments, if any, at the IPO price less the applicable underwriting discounts and commissions, expiring on June 21, 2026. The underwriter partially exercised its over-allotment option to purchase 500,000 Units which was closed on May 27, 2026 , which resulted in 125,000 …

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Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income taxes (Topic 740): Improvements to Income Tax Disclosure (ASU 2023-09), which enhances the transparency and usefulness of income tax disclosures. ASU 2023-09 will be effective for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company adopted this guidance on February 1, 2026 and there was no significant impact. Management does not believe that any other recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Companys unaudited condensed financial statements. …

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Note 5 Related Party Transactions Founder Shares On September 29, 2025, the Company agreed to issue to the Sponsor 1,725,000 ordinary shares with a par value of $ 0.0001 per share (the Founder Shares) for an aggregated consideration of $ 25,000 , or approximately $ 0.0145 per share pursuant to a share subscription agreement. On February 20, 2026, the Company issued an additional 1,150,000 founder shares to the Sponsor for no consideration. As a result, the Sponsor holds a total of 2,875,000 founder shares, or approximately $ 0.0087 per share. Pursuant to the Securities Subscription Agreement, as amended, up to 375,000 of the Founder Shares are subject to forfeiture to the extent that the underwriters Over-Allotment Option is not exercised in full or in part, so that the Sponsor will beneficially own 20 % of the Companys issued and outstanding shares after the IPO (not including the shares underlying the Private Units and assuming the Sponsor does not purchase any Public Shares in the IPO and excluding the Private Units). As of July 31, 2026, there were 2,625,000 Founder Shares issued and outstanding, after the forfeiture of 250,000 Founder Shares for no consideration as a result of the partial exercise of the underwriters over-allotment option to purchase 500,000 Units which was closed on May 27, 2026. As of January 31, 2026, 2,875,000 Founder Shares were issued and outstanding, of which up to 375,000 shares were subject to forfeiture if the over-allotment option was not exer …

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Note 8 Segment Information ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Companys chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company has adopted the guidance in ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in the accompanying financial statements. The Companys chief operating decision maker has been identified as the Chief Executive Officer (CODM), who reviews the assets, operating results and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment. When evaluating the Companys performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following: Schedule of Segment Information July 31, 2026 January 31, 2026 Investments held in Trust Account $ 106,372,992 $ - The CODM reviews the position of total assets available to assess if the Company has sufficient resources available to discharge its liabilities. For the Three Months Ende …

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Note 2 Significant accounting policies Basis of Presentation The accompanying unaudited condensed financial statements are presented in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by the U.S. GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. They should be read in conjunction with the Companys Current Report on Form 8-K, as filed with the SEC on May 15, 2026. The interim results for the three and six months ended July 31, 2026 are not necessarily indicative of the results that may be expected through January 31, 2027 or for any future periods. Emerging Growth Company Status The Company is an emerging growth company, as defined in Section 2(a) of the Securities Act of 1933, as amended, (the Securities Act), as modified by the Jumpstart Our Business Startups Act of 2012, (the JOBS Act), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced d …

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Note 7 - Shareholders Deficit Ordinary Shares The Company is authorized to issue up to 500,000,000 ordinary shares with a par value of $ 0.0001 per share. On September 29, 2025, the Company issued 1,725,000 ordinary shares to the Sponsor for $ 25,000 , or approximately $ 0.0145 per share. On February 20, 2026, the Company issued an additional 1,150,000 founder shares to the Sponsor for no consideration. As a result, the Sponsor holds a total of 2,875,000 founder shares, or approximately $ 0.0087 per share. As of January 31, 2026, there were 2,875,000 Founder Shares issued and outstanding (which were retroactively restated to reflect the February 20, 2026 issuance), of which up to 375,000 of the Founder Shares are subject to forfeiture to the extent that the underwriters Over-Allotment Option is not exercised in full or in part. As of July 31, 2026, there were 2,625,000 Founder Shares issued and outstanding; the share amount reflects the partial exercise of the underwriters over-allotment option, which was closed on May 27, 2026 and the forfeiture of 250,000 Founder Shares for no consideration following the expiration of the over-allotment option in June 2026. Rights As of July 31, 2026, there were 10,500,000 Public Rights and 226,250 Private Rights outstanding, respectively. There were no rights outstanding as of January 31, 2026. Each holder of a right will receive one-fourth (1/4) of one ordinary share upon consummation of a Business Combination, even if the holder of such …

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Note 9 Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date when these financial statements were issued. Based on this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements. …

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