NOTE 10. SUBSEQUENT EVENTS

On July 31, 2026, the Company entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time in accordance with its terms, the “Business Combination Agreement,” and, the transactions contemplated by the Business Combination Agreement, the “Yellow Business Combination”), by and among the Company, Bitonic Technology Labs Inc. d/b/a Yellow.ai, a Delaware corporation (“Yellow”), and BLRK Merger Sub Inc., a Delaware corporation (“Merger Sub”), that will result in, among other things, (i) the Company changing its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and domesticating as a corporation incorporated under the laws of the State of Delaware, and, in connection therewith, changing its name to “Yellow.ai” (“Pubco”) and (ii) Merger Sub merging with and into Yellow, with Yellow surviving the merger as a direct wholly-owned subsidiary of Pubco. The Company also entered into the Sponsor Support Agreement (as further described below), the Company Support Agreement (as further described below), the Lock-Up Agreement (as further described below), the Equity PIPE Subscription Agreements (as further described below) and the Note PIPE Purchase Agreement (as further described below).

The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon this review, other than the above, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements.