This is a blank-check SPAC incorporated in the Cayman Islands that raised $160M in an IPO in June 2024, placing those proceeds in a trust account while searching for an acquisition target. The SPAC's stated focus is on "Emerging Finance" — specialty finance, alternative lending, payments, and fintech. The SPAC has identified its target: Everli, a fintech or specialty finance company, with total merger consideration valued at $180M plus any Bridge Financing proceeds. The deal includes up to $30M in PIPE equity and at least $10M in Bridge Financing structured as senior secured convertible debt. Everli shareholders would receive a dual-class share structure with Class B shares carrying 30 votes per share, sunsetting 12 years post-closing. The deal must close by March 31, 2026, or the SPAC's deadline of June 20, 2026, whichever comes first. The SPAC's business model centers on sponsor economics: management received Founder Shares at nominal cost representing roughly 20% of post-IPO shares, which vest upon deal close but expire worthless if no deal is completed. Public shareholders invested at $10.00 per unit and can redeem shares at approximately $10.71, the current trust value. The SPAC is led by Gautam Ivatury as Chairman and CEO, with Edward Lifshitz as CFO and Eric Lifshitz as COO, whose backgrounds span retail finance, specialty finance, and fintech.