Vendome Acquisition is a SPAC — a blank check company with no operations or revenue — formed solely to find and acquire a private company and take it public through a merger. Vendome raised $200M in its July 2025 IPO by selling units at $10 each, with that capital held in trust in U.S. government securities until a deal closes. Vendome has 24 months from IPO close to complete an acquisition; if it fails, it must return trust funds to shareholders and liquidate. The sponsor, Vendome Acquisition Sponsor I LLC, purchased 5M founder shares for $25,000 — roughly $0.005 per share — which convert into Class A shares upon deal completion, giving the sponsor a large equity stake at essentially no cost. The sponsor also purchased private placement warrants to help fund operational expenses. Public shareholders can redeem shares at trust value (~$10 plus interest) if they dislike a proposed deal. Vendome is targeting consumer sector companies primarily in North America, Southeast Asia, and Europe, with a preference for businesses with enterprise values between $500M and $1B, EBITDA-positive financials, recurring revenue, and leading market positions. Post-acquisition, Vendome's management intends to apply private equity-style operational improvements, drawing on stated backgrounds in private equity, venture capital, and operating company management.