International Media

The filing is material because it restructures the de-SPAC transaction, introduces a new BVI public vehicle (Valix Limited) as the acquiror/parent post-merger, and sets out detailed consideration, earn-out, and lock-up terms. The trust is small (~$3.4 million, including deferred underwriting), which may lead to significant redemptions if the deal is not compelling. The target is a Vietnamese biofuels group, and the IMAQ SPAC has a Sep 2, 2026 deadline. The agreement includes a hard deadline for target audited financials (May 31, 2026) with IMAQ having a termination right if not delivered by June 30, 2026. Lock-up periods for major holders are 185 or 365 days. Earn-out milestones require $15 stock price, $500 million in consolidated revenue, or a $20 million dividend.

This filing provides the definitive terms for the SPAC's proposed business combination, including the trust fund balance (~$3.4 million), redemption mechanics, and key deadlines. The trust per share is $12.03, but the trust is small relative to the implied deal value. Investors should note the deadline for audited financials (May 31, 2026) and the termination right if not delivered by June 30, 2026. The document also reveals sponsor conduct (lock-ups, indemnification) and conditions that must be met for closing, including shareholder approval and Nasdaq listing approval. The deal has a long deadline (2026-09-02) but progress is now visible with the amended agreement.

The filing shifts the final shareholder redemption and potential dissolution deadline to June 2, 2026. According to the extension letter, continuing to utilize the full twenty-four extension quota signals management is exercising all available grace periods to identify a target without yet disclosing deal terms, financial metrics, or operational details. The document contains no announcements regarding customers, revenue, market size, technology, strategic partnerships, litigation, or executive personnel changes beyond the signing officer listed. The sole material update is the one-month deadline adjustment and the confirmation of the monthly $2,000 sponsor trust contribution.

The extension mechanically defers the redemption and liquidation trigger by thirty days to May 2, 2026, preserving the standing per-share trust balance for non-redeeming shareholders while continuing to fund the extension regime through sponsor payments. Reporting the cumulative tally at 16 of 24 allowable periods indicates advanced timeline consumption but confirms the sponsor remains operationally compliant and financially committed, preventing an automatic trust dissolution event. The filing contains no updates on target selection, revenue metrics, litigation, or changes to securities registration.

The extension shifts the mandatory redemption and liquidation window forward by one month, giving investors an additional ~30 days before forced dissolution triggers if a merger remains pending. It confirms ongoing sponsor-funded survival payments of $2,000 per cycle and reveals that management has utilized 15 of the maximum 24 allowable extensions under the trust agreement, indicating prolonged deal search activity rather than imminent closing. Redemption trackers should update the applicable termination date to April 2, 2026, and monitor remaining extension capacity for future liquidity or dilution risk assessments.

The SPAC continues to burn through cash with no operating revenue, relying on related-party loans to fund expenses and extensions. The trust value per share (~$11.80) remains above $10, but the company has zero cash on hand and a substantial deficit, raising going-concern doubts. The merger deadline is January 2, 2027, with monthly $2,000 extensions available; any failure to close by then would trigger liquidation. The pending $1 billion merger with Vietnam Biofuels is the sole path to value, but the filing provides no update on progress or conditions.

For investors tracking the redemption calendar and sponsor conduct, this filing mechanically postpones the liquidation and shareholder redemption trigger by exactly one month, extending the window to close an initial business combination. The documentation quantifies the sponsor’s ongoing financial commitment to maintaining compliance, as the registrant confirms fourteen prior $2,000 outlays have already been wired into the trust account to preserve listing eligibility. The submission contains no disclosures regarding prospective merger candidates, projected revenues, market size estimates, technological capabilities, commercial partnerships, litigation history, or executive departures; the substance is strictly limited to administrative timeline adjustment and mandatory trust funding.

For investors monitoring redemption horizons and trust solvency, the confirmed deposit preserves trust capital while resetting the near-term liquidation checkpoint by 31 days. Tracking the contractual ledger leaves eleven remaining extensions after this one. Outside of these administrative timeline adjustments and routine sponsor funding, the submission contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation. Per the signature block and cover page disclosures, the only actionable update is the shifted deadline and confirmation of the monthly extension fee, leaving deal progression unchanged and trust valuation mechanics dependent on subsequent filings.

Mechanically, the filing postpones the liquidation and redemption cutoff by exactly one month, granting the sponsor additional time to finalize a merger without triggering default. The cumulative use of twelve extensions signals sustained pursuit of a target but also indicates that a definitive agreement remains unsettled, requiring investors to closely track the new January 2, 2026 deadline and anticipate whether the sponsor will exercise the remaining twelve extension windows or initiate dissolution proceedings. The document makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation; it is strictly a procedural trust compliance instrument. Accordingly, the $2,000 deposit functions solely as a contractual extension fee rather than capital directed toward a specific acquisition, and no per-share trust valuation adjustments or redemption price changes are disclosed in this submission.

For investors tracking redemption mechanics and deal progress, this filing confirms the trust holds $3,421,657, the company has no cash outside the trust, and it continues paying monthly extension deposits while pursuing a very large announced merger. It also establishes the current per-share redemption value at $11.81 and shows management warning that failure to complete a business combination could force liquidation.

The filing moves the immediate trust liquidation and shareholder redemption trigger out by thirty days to December 2, 2025. Because the $2,000 deposit was funded by the registrant rather than a third party, it signals continuous sponsor willingness to preserve the SPAC vehicle while searching for a target. However, the submission contains no information regarding deal progress, target identity, revenue projections, customer contracts, litigation, or personnel changes beyond the CEO/CFO signature. Shareholders must weigh the $2,000 monthly extension cost against the remaining extension window to determine if capital preservation warrants holding shares past December 2, 2025.

This submission mechanically shifts the SPAC’s redemption and termination timeline forward by thirty days, resetting the window for shareholder voting or redemption before potential liquidation. Tracking the sponsor’s extension utilization (ten of twenty-four allowed) signals management’s continued financial commitment to pursuing a merger, which directly impacts trust asset preservation and public float duration risk. Beyond the procedural calendar adjustment and $2,000 sponsorship funding, the document discloses zero strategic developments, target pipelines, revenue projections, market valuations, partnership announcements, litigation updates, or executive departures. For investors monitoring liquidity windows and sponsor behavior, this filing confirms timeline continuity but provides no fundamental catalysts or valuation inputs, requiring reliance on subsequent filings for any deal progression or redemption threshold triggers.

This filing mechanically resets the IMAQ redemption and merger timeline, giving public shareholders exactly one additional month to elect redemption or await target integration. The $2,000 monthly outflow is a standard preservation fee that maintains the existing $12.03 trust value without triggering liquidation. By explicitly counting this as the ninth of twenty-four allowable extensions, the sponsor provides precise countdown visibility for the trust horizon, allowing investors to price remaining uncertainty and plan around the impending final extension window.

This filing confirms the company is still actively seeking a business combination, having entered into a Merger Agreement with VCI Holdings Limited and Vietnam Biofuels Development Joint Stock Company on April 3, 2025. The trust account balance is low at $3.4 million. The company has significant liabilities, including $8.05 million in deferred underwriting fees and various promissory notes. The filing also details the resignation of the former CEO and the appointment of a new CEO, CFO, and Chairman.

The submission formally updates the mandatory liquidation window by thirty days, confirming management chose to fund the monthly extension rather than initiate a redemption or dissolve the trust. The text contains no information regarding a target company, deal progress, projected revenues, market size, strategic partnerships, litigation, or sponsor governance issues. Neither the aggregate trust balance nor the per-share trust value is disclosed, so the exact capitalization impact of the $2,000 deposit remains unquantified in this report. Investors must rely on this updated September 2, 2025 date for any upcoming redemption or conversion deadlines.

The filing confirms IMAQ is no longer a shell in search mode: it has a signed deal with a Vietnamese biofuels company (VNB), a target relative to the $12.03 trust. The $1 billion valuation and $300 million equity line signal intention to close, but the tiny $2,000/month extension fee highlights depleted cash. The change in control to Chiu/Taiwan-based interests shifts jurisdiction risks. The auditor’s going-concern opinion and working capital deficit ($6.8M) underscore execution risk. Redemption and trust mechanics are fully detailed, offering a clear baseline for investors tracking the deadline.

For a SPAC with an announced deal, a $12.03 trust per share, and a September 2, 2026 completion deadline, a delayed 10-K indicates potential audit sequencing issues, valuation dependencies, or internal control frictions that can cascade into missed extension voting windows or sponsor capital commitments. Investors tracking the redemption and extension timeline should monitor whether this reporting lag coincides with a formal proposal to extend the business combination deadline, as delayed financial sign-offs frequently precede governance or liquidity discussions at upcoming shareholder meetings. The submission contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel beyond standard administrative disclosures.

This 8-K directly shifts the SPAC's liquidation and final redemption cutoff date, extending the timeline to August 2, 2025. It confirms the sponsor satisfied the contractual requirement to fund a $2,000 extension installment, demonstrating continued intent to negotiate a business combination rather than pursue immediate dissolution. Because the text contains no accounting breakdown or per-share trust recalculation, it does not alter the externally referenced $12.03 per-share trust baseline. Investors relying on the filing solely for deadline tracking should treat the extension as routine and non-modifying regarding underlying valuation or deal progress.

This directly adjusts the SPAC’s deal deadline and trust account trajectory by one month, providing transparency on the $2,000 extension fee for investors monitoring redemption windows and extension patterns. Beyond the mechanical update, the report discloses a relocation of principal executive offices to 1221 Brickell Avenue, Miami, FL 33131, from the former North Brunswick, NJ location. No additional claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or new personnel changes were reported beyond Yu-Fang Chiu signing the report as Chief Executive Officer and Chief Financial Officer.

This administrative move adjusts the redemption and liquidation timeline by one calendar month, determining when shareholders' right to convert shares into trust cash expires prior to potential dissolution. Yu-Fang Chiu, acting as Chief Executive Officer and Chief Financial Officer, certified the filing. Beyond the deadline shift, the document contains no new disclosures regarding target candidates, projected revenues, market positioning, technological assets, commercial partnerships, litigation exposure, or changes to sponsor conduct.

According to Sections 6.4 and 10.5 of the agreement, the Company covenants that $1,000,000 worth of commitment shares (plus an additional $250,000 upon expansion to the $500,000,000 tier) vest solely upon a successful BCA Closing with VCI Biofuels Group. Chief Executive Officer and Chief Financial Officer Yu-Fang Chiu signed the agreement on behalf of International Media Acquisition Corp. Under Section 10.16, the investor explicitly waives all recourse to the trust account, ensuring public shareholder liquidity remains isolated from drawdowns, buy-in remedies, or default claims. Per Articles II and VII, purchase pricing is capped at 98% of either the closing price prior to notice delivery or the lowest two-business-day VWAP, while rapid draws are priced at 98% of the one-hour post-confirmation low. Each transaction is limited to $5,000,000 and constrained to the lesser of 40% of the five-day average daily trading volume or a price-based denominator. The Company must file a resale registration statement within 30 days following the BCA Closing, initiating a 36-month commitment period (extendable to 60 months at the Company’s discretion following $100,000,000 in gross investment). Beneficial ownership is restricted to 4.99% (extendable to 9.99% with 61 days’ notice). Dispute resolution under Section 10.17 mandates 14-day good-faith negotiations, followed by binding American Arbitration Association proceedings in Delaware, with independent investment banks adjudicating VWAP or volume calculation disagreements at the losing party’s expense up to $10,000. Forward-looking projections regarding revenue growth, market opportunity, and Vietnamese economic conditions are attributed to IMAQ’s and the Target Company’s respective management in the filing’s cautionary statements.

By contractually ring-fencing the Trust Account from these financing vehicles, the Company safeguards the full $12.03 trust value for redeeming shareholders while securing flexible capital for deal execution and potential deadline extensions beyond the stated September 2, 2026 termination date. The financing terms tie the note's conversion and the loan's repayment/waiver directly to merger consummation or failure, aligning external capital access with deal momentum and sponsor execution. The filing also advances the M&A timeline, announcing joint efforts with the Target Group to file a Registration Statement and proxy statement to solicit shareholder approval for the proposed combination.

The Registrant explicitly designates the $3,000,000 facility as available funding for extension payments, which according to the filing directly preserves the September 2, 2026 deadline without requiring immediate cash outflows from public trust accounts. The Promissory Note’s Trust Waiver section shows the Lender acknowledged the established trust for public shareholders but contractually waived recourse against it, restricting all future claims to non-trust corporate assets. The $499,900 borrowing arrangement shifts transaction cost burdens to the target group, thereby protecting the remaining per-share trust value ($12.03 per system records) from depletion during diligence and proxy solicitation. Per the filing, International Media Mini Acquisition Corp. and VCI Holdings Limited intend to jointly file a registration statement containing preliminary and definitive proxy statements for shareholder approval, indicating active progression toward the biofuel merger vote. Forward-looking statements authored by IMAQ and Target Company management caution that outcomes depend on Vietnamese economic stability, biofuel market evolution, regulatory approvals, and the combined entity’s capacity to execute growth milestones, meaning investors monitoring deal certainty should weigh these disclosed risk factors alongside the newly secured financing runway.

This filing does not touch the redemption calendar or trust account balances, but it locks in a major post-merger equity facility that will drive future dilution and cash inflows. The company confirmed its redomiciliation strategy to form a British Virgin Islands survival entity for the merger with VCI Holdings Limited and Vietnam Biofuels Development Joint Stock Company. Critical mechanics include a $1,000,000 commitment fee awarded in stock exclusively upon a successful BCA closing, and a trust account waiver clarifying that the investor has zero recourse against shareholder trust monies. The 30-day registration deadline sets a firm liquidity expectation for public shareholders post-conversion.

What changed: 10-K Annual Report for fiscal year ended March 31, 2026. The company entered into an amended merger agreement with VCI Holdings Limited and Vietnam Biofuels Development Joint Stock Company on April 30, 2026, for a business combination involving ethanol production in Vietnam. The deadline to complete a business combination has been extended to January 2, 2027, with monthly $2,000 trust deposits. The company reported $0 cash, a working capital deficit of $7.2M, and an accumulated deficit of $15.2M as of March 31, 2026. The auditor issued a going concern opinion. The company's securities were delisted from Nasdaq on August 8, 2024, and now trade OTC. The company issued a $3M promissory note to Wei-Hua Chang (with $674,672 drawn), entered into a $499,900 loan agreement with VCI, and signed an equity line of credit with White Lion Capital LLC for up to $300M (contingent on closing). The company also redeemed 685,836 shares at $11.55 in December 2024. The board and management changed: Shibasish Sarkar resigned as CEO, replaced by Yu-Fang Chiu. The company recorded a net loss of $344,794 for the year. Why it matters: This filing provides the most comprehensive update on IMAQ's financial condition, deal progress, and liquidity. The going concern warning and zero cash balance are critical. The company is relying on related-party loans and a new note from Wei-Hua Chang to fund operations. The merger with VCI (Vietnamese ethanol producer) is still pending, and the company has extended the deadline to January 2027. The equity line and loan agreements are contingent on closing. The delisting from Nasdaq reduces liquidity and marketability. The change in control to JC Unify and new CEO signal a shift in direction. The extensive risk factor section about China-based targets suggests the company may pivot to a China target if the VCI deal fails.

What changed: A routine compliance exhibit and Form 8-K Current Report filed by International Media Acquisition Corp. to disclose a mandatory trust account deposit and formalize a one-month deadline extension under the entity’s investment management trust agreement. Per Item 8.01 and Exhibit 99.1, the registrant deposited $2,000 into the trust account to extend the period to consummate an initial business combination from June 2, 2026 to July 2, 2026. Chief Executive Officer and Chief Financial Officer Yu-Fang Chiu signed the authorization instructing the trustee to wire and deposit the funds upon receipt. The extension letter states this is the 18th of the twenty-four permitted extensions. Why it matters: The filing mechanically preserves the redemption deadline by shifting liquidation risk past July 2, 2026, confirming the sponsor’s continued commitment to fund $2,000 per extension cycle while maintaining the trust balance. No additional claims regarding target selection, customer concentration, revenue forecasts, market positioning, technology pipelines, strategic partnerships, or pending litigation are disclosed. All referenced administrative details—including the July 28, 2021 trust agreement origination date and its December 31, 2024 amendment—reflect routine compliance actions documented by the issuer. Chardan Capital Markets, LLC is noted as the copied financial advisor, indicating ongoing regulatory visibility. The filing is marked material because it directly dictates the near-term trust dissolution calendar and extension exhaustion schedule, with confidence rated at 1.0 based on unambiguous inline XBRL disclosures.

What changed: Form 8-K disclosing an amended and restated merger agreement for a business combination between International Media Acquisition Corp. (SPAC) and VCI Holdings Limited, a biofuels company, changing the transaction structure to a share purchase followed by a reincorporation merger and redomestication to the British Virgin Islands. The parties amended and restated the original merger agreement to adopt a new three-step structure: (1) a share purchase by a newly formed BVI purchaser (Valix Limited) of all VCI shares in exchange for 98,000,000 Class A and 2,000,000 Class B ordinary shares (implying a $1 billion valuation at $10 per share); (2) a reincorporation merger of a merger sub into IMAQ, with IMAQ becoming a wholly owned subsidiary of the purchaser; (3) redomestication of the surviving corporation to the BVI. The agreement also specifies addition of earnout shares (up to 27,000,000 shares) tied to stock price, revenue targets, and dividend declarations; lock-up provisions; and conditions including shareholder approval, SEC effectiveness of a registration statement, and delivery of audited IFRS financials by May 31, 2026. Why it matters: This filing provides the definitive terms for the SPAC's proposed business combination, including the trust fund balance (~$3.4 million), redemption mechanics, and key deadlines. The trust per share is $12.03, but the trust is small relative to the implied deal value. Investors should note the deadline for audited financials (May 31, 2026) and the termination right if not delivered by June 30, 2026. The document also reveals sponsor conduct (lock-ups, indemnification) and conditions that must be met for closing, including shareholder approval and Nasdaq listing approval. The deal has a long deadline (2026-09-02) but progress is now visible with the amended agreement.

What changed: Form 8-K filed by International Media Acquisition Corp. (IMAQ) reporting its entry into an amended and restated merger agreement (the Merger Agreement) to restructure its proposed business combination with Vietnam biofuels companies VCI Holdings and Ethanol Quang Nam. The filing includes the full text of the Merger Agreement as an exhibit. The filing contains the amended and restated Merger Agreement, dated April 30, 2026, which restructures the previously announced business combination. Instead of a direct merger, the new structure involves: (a) a share purchase in which a new BVI entity, Valix Limited (Purchaser), acquires 100% of VCI Holdings in exchange for 98 million Purchaser Class A shares and 2 million Purchaser Class B shares; (b) a reincorporation merger where a Purchaser subsidiary merges with IMAQ, with IMAQ becoming a wholly owned subsidiary of Purchaser (and IMAQ shareholders receiving one Purchaser Class A share per IMAQ share); and (c) a redomestication of the surviving entity from Delaware to the BVI. The trust value per share stated in the externally supplied data ($12.03) is not in the document — the document states the trust fund has approximately $3.4 million as of the agreement date. Why it matters: The filing is material because it restructures the de-SPAC transaction, introduces a new BVI public vehicle (Valix Limited) as the acquiror/parent post-merger, and sets out detailed consideration, earn-out, and lock-up terms. The trust is small (~$3.4 million, including deferred underwriting), which may lead to significant redemptions if the deal is not compelling. The target is a Vietnamese biofuels group, and the IMAQ SPAC has a Sep 2, 2026 deadline. The agreement includes a hard deadline for target audited financials (May 31, 2026) with IMAQ having a termination right if not delivered by June 30, 2026. Lock-up periods for major holders are 185 or 365 days. Earn-out milestones require $15 stock price, $500 million in consolidated revenue, or a $20 million dividend.

What changed: A Form 8-K current report and attached extension letter (Exhibit 99.1) filed by International Media Acquisition Corp. Per the Form 8-K and Exhibit 99.1 dated April 27, 2026, International Media Acquisition Corp. deposited $2,000 to its trust account, mechanically extending the deadline to consummate an initial business combination from May 2, 2026 to June 2, 2026. The extension letter identifies this as the 17th of the twenty-four permitted extensions. CEO and CFO Yu-Fang Chiu executed the notice, copying Chardan Capital Markets, LLC. Why it matters: The filing shifts the final shareholder redemption and potential dissolution deadline to June 2, 2026. According to the extension letter, continuing to utilize the full twenty-four extension quota signals management is exercising all available grace periods to identify a target without yet disclosing deal terms, financial metrics, or operational details. The document contains no announcements regarding customers, revenue, market size, technology, strategic partnerships, litigation, or executive personnel changes beyond the signing officer listed. The sole material update is the one-month deadline adjustment and the confirmation of the monthly $2,000 sponsor trust contribution.

What changed: A Form 8-K Current Report and accompanying Extension Letter (Exhibit 99.1) filing a routine compliance disclosure regarding a trust account extension. According to Item 8.01 of the March 27, 2026 8-K, the registrant deposited $2,000 into the trust account to move the initial business combination deadline from April 2, 2026 to May 2, 2026. In the attached Extension Letter, Yu-Fang Chiu, signing in the capacity of Chief Executive Officer and Chief Financial Officer, certifies the wire transfer and states this constitutes the 16th of twenty-four total extensions permitted under the Trust Agreement. The letter instructs Continental Stock Transfer & Trust Company to credit the $2,000 to trust investments upon receipt and copies Chardan Capital Markets, LLC. Why it matters: The extension mechanically defers the redemption and liquidation trigger by thirty days to May 2, 2026, preserving the standing per-share trust balance for non-redeeming shareholders while continuing to fund the extension regime through sponsor payments. Reporting the cumulative tally at 16 of 24 allowable periods indicates advanced timeline consumption but confirms the sponsor remains operationally compliant and financially committed, preventing an automatic trust dissolution event. The filing contains no updates on target selection, revenue metrics, litigation, or changes to securities registration.

What changed: A Form 8-K current report and attached Exhibit 99.1, an extension letter submitted to Continental Stock Transfer & Trust Company, notifying that International Media Acquisition Corp. has funded a trust account extension. International Media Acquisition Corp. reported that on February 25, 2026, it deposited $2,000 into the trust account to extend the deadline to consummate an initial business combination from March 2, 2026, to April 2, 2026. An extension letter dated February 23, 2026 and executed by Yu-Fang Chiu in her capacity as Chief Executive Officer and Chief Financial Officer confirms the authorization of the $2,000 wire to the trustee. The letter states this payment represents the 15th of twenty-four permitted extensions under the Investment Management Trust Agreement. The filing was signed and dated February 26, 2026, with a copy distributed to Chardan Capital Markets, LLC. Why it matters: The extension shifts the mandatory redemption and liquidation window forward by one month, giving investors an additional ~30 days before forced dissolution triggers if a merger remains pending. It confirms ongoing sponsor-funded survival payments of $2,000 per cycle and reveals that management has utilized 15 of the maximum 24 allowable extensions under the trust agreement, indicating prolonged deal search activity rather than imminent closing. Redemption trackers should update the applicable termination date to April 2, 2026, and monitor remaining extension capacity for future liquidity or dilution risk assessments.

What changed: Form 10-Q (Quarterly Report) for International Media Acquisition Corp. for the three and nine months ended December 31, 2025. Trust account value increased slightly from $3,380,327 to $3,417,684; cash balance fell to $0 from $241,548; working capital deficit grew to $7.1 million; accumulated deficit increased to $15.1 million; monthly $2,000 extension deposits continued, with the latest on January 28, 2026 extending the deadline to March 2, 2026; no change in the pending merger with VCI Holdings/VNB since the April 2025 Merger Agreement; CEO/CFO/Chairman Yu-Fang Chiu remains in place following March 2025 resignations. Why it matters: The SPAC continues to burn through cash with no operating revenue, relying on related-party loans to fund expenses and extensions. The trust value per share (~$11.80) remains above $10, but the company has zero cash on hand and a substantial deficit, raising going-concern doubts. The merger deadline is January 2, 2027, with monthly $2,000 extensions available; any failure to close by then would trigger liquidation. The pending $1 billion merger with Vietnam Biofuels is the sole path to value, but the filing provides no update on progress or conditions.

What changed: This document IS a routine compliance exhibit and current report (Form 8-K with attached Extension Letter, Exhibit 99.1) filed by International Media Acquisition Corp., formally notifying its trustee, Continental Stock Transfer & Trust Company, of a scheduled deadline extension and accompanying trust deposit. According to the registrant, as disclosed in Item 8.01 of the 8-K and detailed in the Extension Letter signed by Yu-Fang Chiu, Chief Executive Officer and Chief Financial Officer, the Company deposited $2,000 into the trust account to shift the applicable deadline from February 2, 2026 to March 2, 2026. The filing states this deposit covers the 14th of twenty-four permitted extensions under the Investment Management Trust Agreement. Why it matters: For investors tracking the redemption calendar and sponsor conduct, this filing mechanically postpones the liquidation and shareholder redemption trigger by exactly one month, extending the window to close an initial business combination. The documentation quantifies the sponsor’s ongoing financial commitment to maintaining compliance, as the registrant confirms fourteen prior $2,000 outlays have already been wired into the trust account to preserve listing eligibility. The submission contains no disclosures regarding prospective merger candidates, projected revenues, market size estimates, technological capabilities, commercial partnerships, litigation history, or executive departures; the substance is strictly limited to administrative timeline adjustment and mandatory trust funding.

What changed: A Form 8-K current report (Item 8.01 Other Events) accompanied by Exhibit 99.1, a trust account extension letter addressed to Continental Stock Transfer & Trust Company. According to Item 8.01 of the filing, on December 29, 2025, the registrant deposited $2,000 into the trust account. The attached extension letter, dated December 23, 2025 and signed by Chief Executive Officer and Chief Financial Officer Yu-Fang Chiu, authorizes the trustee to credit the trust with that amount and formally extends the period to consummate an initial business combination from January 2, 2026 to February 2, 2026. The letter states this constitutes the 13th of the twenty-four permissible extensions under the Trust Agreement. No figures, operational milestones, or target developments were disclosed alongside the mechanic. Why it matters: For investors monitoring redemption horizons and trust solvency, the confirmed deposit preserves trust capital while resetting the near-term liquidation checkpoint by 31 days. Tracking the contractual ledger leaves eleven remaining extensions after this one. Outside of these administrative timeline adjustments and routine sponsor funding, the submission contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation. Per the signature block and cover page disclosures, the only actionable update is the shifted deadline and confirmation of the monthly extension fee, leaving deal progression unchanged and trust valuation mechanics dependent on subsequent filings.