Muzero Acquisition is a SPAC — a blank check company with no operations or revenues whose sole purpose is to identify and merge with a private operating company, thereby taking it public. Muzero raised $201.25M in its February 2026 IPO, with proceeds held in trust until a deal closes. Muzero has until February 2028 to complete an acquisition or it must liquidate and return trust funds to public shareholders. Muzero's management has expressed a preference for technology-enabled businesses, particularly those involving AI, but is not restricted by sector, industry, or geography. The team says it targets established, scaled businesses with strong unit economics that are ready for public markets. The sponsor acquired Founder Shares at a nominal cost prior to the IPO; if a deal closes, those shares convert to Class A Ordinary Shares at a substantial profit to the sponsor. Public shareholders buy units at $10.00 each, consisting of one share and a half-warrant exercisable at $11.50, with the $10.00 per share held in trust and redeemable at any deal vote. The sponsor's incentive structure creates a well-known tension: since Founder Shares expire worthless if no deal is done, the sponsor is motivated to complete a transaction even on terms that may not benefit public shareholders — a conflict Muzero acknowledges directly.