Overview

We are a blank check company incorporated in the Cayman Islands on March 16, 2026 for the purpose of effecting a Business Combination. Our Sponsor is PAC Sponsor, LLC. We are focusing our search on businesses with growth platforms, strong management teams, and opportunities to drive value creation such as the ability to pursue further accretive acquisitions or capital structure optimization.

We completed our Initial Public Offering (IPO) on August 10, 2026, raising $200 million by selling 20 million Public Units, each consisting of one Public Share and one Public Right. Simultaneously, we sold 225,000 Private Placement Units to our Sponsor for $2.25 million. The proceeds from the IPO and Private Placement were placed in a Trust Account.

We have until May 10, 2028 (21 months from the IPO) to complete a Business Combination. If we are unable to do so, we will redeem the Public Shares and liquidate the company.

Financial Performance

Since our inception on March 16, 2026 through June 30, 2026, we have not engaged in any operations or generated any revenue. Our only activities have been organizational and related to the IPO and identifying potential acquisition targets. We incurred a net loss of $57,127 during this period, consisting of general and administrative expenses.

As of June 30, 2026, we had no cash and a working capital deficit of $88,859. However, following the IPO and Private Placement, we placed $200 million in the Trust Account, which will be used to fund the Business Combination. We also incurred $6.1 million in transaction costs related to the IPO.

We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account to complete our Business Combination, with the remaining proceeds used as working capital to finance the operations of the target business.

Strengths and Weaknesses

Our key strengths include:

• Experienced Sponsor with a track record of successful investments
• Significant capital raised through the IPO to fund a Business Combination
• Flexibility to pursue a wide range of target businesses across industries and geographies

Potential weaknesses and risks include:

• We are an early-stage and emerging growth company, subject to the risks associated with such companies
• We have no operating history or revenues, and may incur significant costs in pursuing a Business Combination
• We may be unable to complete a Business Combination within the 21-month time frame, which would result in the redemption of our Public Shares and liquidation of the company

Outlook

Our focus is on identifying and completing a value-enhancing Business Combination within the 21-month time frame. We believe our financial resources, experienced Sponsor, and flexible acquisition criteria position us well to find an attractive target and drive long-term shareholder value. However, there can be no assurance that we will be able to complete a Business Combination successfully. If we are unable to do so, we will be forced to redeem our Public Shares and liquidate the company.