Spectre Acquisition Corp is a blank check company (SPAC) incorporated in the Cayman Islands in late 2025. Spectre has no operations, no revenue, and no identified acquisition target. Its sole purpose is to raise capital through an IPO and use the proceeds to acquire one or more businesses. Spectre is offering 6,000,000 units at $10.00 per unit, with each unit consisting of one ordinary share and one redeemable warrant exercisable at $11.50 after a business combination closes. Spectre will deposit $60M of IPO proceeds into a trust account invested in U.S. government treasuries or money market funds, while retaining $800K outside the trust for operations. Spectre has 18 months to complete a business combination, extendable to 21 months. The company will consider targets in any industry or geography, with the exception of companies based in or primarily operating in China. Upon closing a deal, trust proceeds fund the acquisition; public shareholders who do not wish to participate can redeem shares for roughly $10.00 plus interest. If no deal closes within the window, the trust is liquidated and proceeds are returned to public shareholders. The sponsor, Spectre RH Limited, controlled by CEO Jingxia Hua, paid roughly $0.017 per share for founder shares, creating a meaningful economic asymmetry where the sponsor profits on nearly any completed deal even if public shareholders lose money — a conflict the company has explicitly disclosed.