The company successfully completed its Initial Public Offering (IPO) on December 18, 2025, raising $230 million in gross proceeds. As of February 28, 2026, the company held $231.46 million in its Trust Account. Net income for the quarter ended February 28, 2026, was $1.36 million, primarily driven by interest earned on the Trust Account. The company is currently in the search phase for a target business combination, focusing on media and entertainment sectors.