This is a blank check SPAC incorporated in the Cayman Islands in early 2025, with no operating business or employees beyond a CEO and CFO. The SPAC raised $201.25M through its IPO in June 2025, selling 20.125M units at $10.00 each, with all proceeds held in a trust account earning interest. The SPAC's management team focuses on the tech and data center sector, targeting energy-intensive businesses — particularly data centers and manufacturers seeking energy independence through renewable or alternative energy sources. In November 2025, the SPAC signed a Business Combination Agreement to merge with Blockfusion, with the intent to take Blockfusion public via a Nasdaq listing through a new holding company structure. Blockfusion shareholders would receive $450M in aggregate stock consideration, with insiders receiving super-voting shares carrying 20 votes per share. The deal requires at least $75M in cash at closing after redemptions and expenses, and the SPAC and Blockfusion are required to raise at least $100M in additional financing before closing. The deal must close by May 31, 2026, or it terminates. If no Business Combination is completed by March 16, 2027, the trust is distributed back to public shareholders at roughly $10.21 per share and the SPAC liquidates. The sponsor acquired founder shares at a nominal price of $0.004 per share, which convert to Class A shares only upon a deal closing — creating a strong incentive for management to close a transaction.