$10.36 -0.04 (-0.34%) Closing price 03:58 PM Eastern
Extended Trading
$10.37 +0.00 (+0.05%) As of 05:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. We are a blank check company incorporated on January 30, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we intend to focus our initial search on companies in the European infrastructure industry. Infrastructure is the foundation of a modern economy, providing the essential systems and networks that facilitate the efficient movement of people, goods, services, and information. In Europe, infrastructure plays a key role in addressing emerging priorities such as national security, supply chain autonomy, and energy efficiency. Major funding vehicles and policies such as NextGenerationEU, the Cohesion Policy, and the Connecting Europe Facility aim to help modernize European infrastructure in four key areas: traditional infrastructure, infrastructure networks, clean energy infrastructure, and digital infrastructure(1). Von Der Leyen, the President of the European Commission, underscored the need for investment in clean energy infrastructure in her recent mission letter to the Commissioner, which put forward action plans for electrification and the dedicated Clean Energy Investment Strategy for Europe(2). Secure and resilient infrastructure is crucial for protecting national interests and enabling effective responses to challenges like the COVID-19 pandemic and the war in Ukraine. Strong infrastructure, especially in manufacturing, logistics, and digital connectivity, can help reduce dependence on global supply chains and lessen the risks of disruptions. Furthermore, energy-efficient infrastructure supports the reduction of carbon emissions, contributing to Europe’s goal of achieving carbon neutrality by 2050(3). (1) Interactive Brokers Luxembourg SARL, European Infrastructure: Investing for the Modern Age, September 5, 2024 (2) European Commission, In focus: EU investing in energy infrastructure, October 15, 2024 (3) European Commission, The European Green Deal. Our executive offices are located London, United Kingdom.
