Tidewise is a blank check company, or SPAC, formed to acquire or merge with an existing private business. Incorporated in the Cayman Islands, Tidewise has no current operations or revenue and has not yet identified an acquisition target. Tidewise raises capital through an IPO and places the proceeds into a trust account for use in a future business combination. Tidewise intends to target high-growth sectors globally, focusing on artificial intelligence, high technology, intelligent manufacturing, and innovative biotechnology and pharmaceuticals. Tidewise explicitly excludes pursuing targets that operate through Variable Interest Entity structures or that have primary operations in mainland China. The business model involves identifying a target business within 24 months, though Tidewise may extend this window up to 30 months. Tidewise seeks targets with a fair market value of at least 80% of its trust assets. Once a target is identified, Tidewise will use the trust funds to complete the acquisition, effectively taking the private entity public. Public shareholders maintain the right to redeem their shares for cash at the time of the business combination. Tidewise Capital sponsors the company and holds founder shares representing approximately 28% of Tidewise's outstanding stock. If Tidewise fails to complete a transaction within the allotted time, it will liquidate and return the trust proceeds to its public shareholders.