BM Acquisition Corp is a SPAC — a blank check company with no operations, revenue, or identified acquisition target. Its sole purpose is to identify and merge with a private operating business in Southeast Asia, taking that business public without a traditional IPO. BM Acquisition raised approximately $60M through its IPO, with proceeds held in a Citibank trust account until a deal closes. The company has 18 months from IPO closing to complete an acquisition, extendable to 21 months, after which the trust is liquidated and proceeds returned to public shareholders at approximately $10.00 per share. BM Acquisition targets Southeast Asian businesses with annual revenues between $15M and $30M, focusing on companies with organic growth potential and management teams capable of running a public company post-merger. The sponsor, BM Global Capital, is Malaysia-based, and the management team's Southeast Asian networks are the primary deal-sourcing advantage. The SPAC structure follows a standard promote model: the sponsor purchased founder shares at roughly $0.014 per share, generating a large return if a deal closes, while public shareholders invest at $10.00 per share and can redeem at approximately that price plus trust interest if they dislike the proposed deal. The sponsor also earns $10,000 per month from BM Acquisition for office space and administrative support during the search period.