This is a special purpose acquisition company (SPAC) — a blank check shell with no operations, revenue, or products. The SPAC raised $126.5M in its November 2024 IPO by selling units at $10.00 each, with proceeds held in a trust account that had grown to approximately $132.6M as of year-end 2025, implying a redemption value of roughly $10.48 per share. The SPAC's sole purpose is to merge with a private operating business and take it public, and it must complete a deal by November 12, 2026, or liquidate and return trust proceeds to shareholders. In September 2025, the SPAC signed a business combination agreement with Boost Run, a private company, at an implied equity value of approximately $441.5M in stock plus an $8.5M installment note. The filing does not disclose what Boost Run does. The SPAC's sponsor acquired founder shares at a nominal cost, which convert into public shares upon deal close — creating strong incentive to complete a transaction before the deadline. Public shareholders retain the right to redeem shares at close to the $10.00 IPO price, providing downside protection regardless of deal quality. The management team, led by CEO B. Luke Weil and Advisor Lorne Weil, has previously completed five SPAC deals, with mixed post-combination performance.