This is a blank-check SPAC with no operations, revenues, or products. The company raised $60M in its October 2025 IPO, with proceeds held in a trust account invested in U.S. government securities or money market funds. Its sole purpose is to identify and merge with a private company, taking it public without a traditional IPO. The company focuses on acquisition targets in Asia, explicitly excluding companies with China operations structured through a Variable Interest Entity. In March 2026, the company signed a merger agreement with Goodvision AI, a Cayman Islands company, which is its intended Business Combination target. The SPAC's sponsors acquired 2M founder shares for a nominal $25,000; if a Business Combination closes, those shares convert to ordinary shares worth far more, representing the sponsors' primary upside. Public shareholders can redeem shares at approximately $10.00/share plus interest if they don't approve the deal, limiting their downside. The SPAC has a deadline to complete a Business Combination or it must liquidate, returning trust funds to public shareholders at approximately $10.07/share — sponsors receive nothing on liquidation, creating a strong incentive to close a deal.