Risk Factors Update Summary

• The holders of the Founder Shares now collectively own 62.5% of outstanding ordinary shares.
• The company may not be able to complete more than one business combination.
• The company may receive loans up to $1,500,000 from officers, directors, shareholders, or affiliates.
• The net proceeds from the Public Offering were $1,650,000, limiting operational funds.
• The number of outstanding warrants decreased from 33,550,000 to 16,300,000.
• The company's officers and directors have substantial control over decision-making.
• Provisions in the Amended and Restated Memorandum may inhibit a takeover of the company.
• The company may issue additional ordinary shares, potentially diluting shareholder equity.
• The company's officers and directors have agreed to waive certain indemnification obligations.
• The company's warrants have been issued in registered form, indicating a change in structure.
• Recent increases in inflation in the United States may impact the completion of the Business Combination.
• The company may redeem unexpired warrants before their expiration, affecting warrant holders.