[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_101":102},"en-item",{"_9":10,"_10":11},"kind","item",{"_12":13,"_14":15,"_16":17,"_18":19,"_20":21,"_22":23,"_24":25,"_26":27,"_28":29,"_30":31,"_32":31,"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":-5,"_48":49,"_50":-5,"_51":-5,"_52":53,"_54":55,"_56":57,"_58":42,"_59":42,"_60":61,"_62":42,"_63":64},"id","l78jen7h77y5pzqy28md8fua6","revision",2,"title","Essential Minerals Acquisition Corp提交S-1注册声明，计划发行1.5亿美元单位","originalTitle","Essential Minerals Acquisition Corp (0002143060) (Filer)","summary","Essential Minerals Acquisition Corp提交S-1注册声明，计划以每股10美元发行1500万股单位，包含1股A类普通股和1/8股认股权证，总发行规模1.5亿美元。若行使超额配售权，总规模可达1.74亿美元。公司计划在21个月内完成业务合并，否则将按信托账户余额赎回公众股份。发起人以象征性价格获得B类普通股，可能导致公众股东重大稀释。","reason","Essential Minerals Acquisition Corp计划通过SPAC形式完成首次业务合并，目标聚焦美国关键矿产领域，但面临高稀释风险、时间窗口限制及潜在利益冲突。","source",{"_12":92,"_93":94,"_9":95,"_96":42,"_97":98,"_99":100},"links",{"_89":90,"_78":91},"publishedAt","2026-10-08T16:46:15.000Z","discoveredAt","2026-10-08T17:18:24.286Z","timelineAt","category","tip","tags",[83,84,85,86,87,88],"stockSymbols",[],"score",71,"selected",true,"channel","news","story",{"_73":74,"_16":75},"x","readingMode","full","author","language","body",{"_64":77,"_78":-5,"_79":80,"_81":82},"outline",[],"relatedStories",[76],"indexable","markdownAvailable","group",{"_65":66,"_45":67,"_68":69,"_70":71,"_72":71},"hasTranslation","bodyLanguage","zh","factId","fpFDpu8AHy7Y",{"_73":74,"_16":75},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","ea14cc8c-58ae-4e34-9f38-f37087c062d4","Essential Minerals Acquisition Corp 提交 S-1 注册声明",{"_73":74,"_16":75},"

于2026年10月8日向美国证券交易委员会提交。

注册编号 333-298523

美国

证券交易委员会

华盛顿特区 20549

第2次修订

至

表格 S-1

注册声明
\n根据
\n1933年证券法

Essential Minerals Acquisition Corp

(注册人章程中规定的正式名称)

开曼群岛		6770		98-1964598
(注册或组织的州或其他司法管辖区)		(主要标准行业分类代码编号)		(美国国税局雇主识别号)

Essential Minerals Acquisition Corp
\n500 W. 2^nd Street, Suite 1900
\nAustin, Texas 78701
\n(646) 934-8355
\n(注册人的主要执行办公室地址，包括邮编和电话号码，包括地区代码)

Essential Minerals Acquisition Corp
\n500 W. 2^nd Street, Suite 1900
\nAustin, Texas 78701
\n(646) 934-8355
\n(代理人名称，包括邮编和电话号码，包括地区代码的地址)

副本送达：

\n \n \n \n \n \n \n

Stuart Neuhauser
\n Benjamin Reichel
\n Ellenoff Grossman & Schole LLP
\n 1345 Avenue of the Americas, 11^th Floor
\n 纽约州纽约市 10105
\n (212) 370-1300

Alexandra Low
\n Appleby (Cayman) Ltd.

9^th层
\n 60 Nexus Way, Camana Bay,
\n 大开曼，开曼群岛
\n KY1-1104
\n (345) 949-4900

Om K. Pandya\n
\n Clifford Chance US LLP
\n 845 Texas Avenue, Suite 2700
\n 休斯顿，德克萨斯州 77002
\n (713) 821-2800

预计本次向公众发售的开始日期：在本注册声明生效后尽快进行。

如果在本表上注册的任何证券将根据1933年证券法第415条以延迟或连续方式出售，请勾选以下方框。 ☐

如果本表是根据1933年证券法第462(b)条为注册额外证券而提交的，请勾选以下方框，并列出同一交易先前有效的注册声明的证券法注册编号。 ☐

如果本表是根据1933年证券法第462(c)条提交的生效后修订，则请勾选以下方框，并列出同一交易先前有效的注册声明的证券法注册编号。 ☐

如果本表是根据1933年证券法第462(d)条提交的生效后修订，则请勾选以下方框，并列出同一交易先前有效的注册声明的证券法注册编号。 ☐

通过勾选标记表明注册人是大型加速提交者、加速提交者、非加速提交者、较小报告公司或新兴成长公司。请参见《交易法》第12b-2条中“大型加速提交者”、“加速提交者”、“较小报告公司”和“新兴成长公司”的定义。

大型加速提交者	☐	加速提交者	☐
非加速提交者	☒	较小报告公司	☒
		新兴成长公司	☒

如果是一家新兴成长公司，请通过勾选方框表明该注册人是否已选择不使用根据《证券法》第7(a)(2)(B)条提供的任何新修订的财务会计标准的延长过渡期。☐

注册人在此修订此注册声明，以在必要时的日期或日期延迟其生效日期，直至注册人提交进一步修订，该修订明确说明本注册声明将在根据《1933年证券法》第8(a)条的规定，或直至注册声明根据证券交易委员会根据该第8(a)条的规定确定的日期生效。

本招股说明书中的信息不完整，可能会被更改。在向证券交易委员会提交的注册声明生效之前，我们不得出售这些证券。本招股说明书不是出售这些证券的要约，也不是在任何不允许要约或销售的司法管辖区征求购买这些证券的要约。

\n \n \n \n \n

初步\n 招股说明书

待完成，日期为2026年10月8日

Essential Minerals Acquisition Corp

15,000,000 单位

Essential Minerals Acquisition Corp 是一家根据开曼群岛免税公司法成立的空白支票公司，其目的是与一个或多个业务或实体（我们的“初始业务组合”）进行合并、合并、股份交换、资产收购、股份购买、重组或类似业务组合。我们尚未选定任何业务组合目标，我们以及我们代表的任何人，均未直接或间接与任何业务组合目标进行实质性讨论。尽管我们可能会在任何业务、行业、部门或地理区域寻找初始业务组合，但我们打算将搜索重点放在拥有、经营或正在开发对美国具有战略意义的贵金属和其他关键矿物资产的公司上，重点是位于美国和其他一级矿业司法管辖区的资产。

这是我们证券的首次公开发行。每单位的发行价格为10.00美元，包括一股A类普通股和一个权利，在初始业务组合完成时可获得八分之一（1/8）股A类普通股（“股份权利”），如本招股说明书中有更详细的描述。承销商自本招股说明书发布之日起45天内，有权购买最多额外2,250,000个单位，以覆盖超额配售，如有任何情况。

我们将为我们的公众股东提供赎回机会，无论他们是否弃权、投票赞成或反对我们的首次业务合并，均可赎回其在本次发行中作为单位一部分出售的全部或部分A类普通股（“公众股份”），在我们首次业务合并完成后，按每股价格支付现金，该价格等于在我们首次业务合并完成前两个营业日，存放在下文所述信托账户中的总金额（包括信托账户中资金产生的利息，扣除用于支付我们的税款（除消费税外）的金额）除以当时已发行和流通的公众A类普通股数量，但须受本文件中所述的限制和条件的约束。详见“摘要 - 本次发行 - 首次业务合并完成后公众股东的赎回权”第23页和“摘要 - 本次发行 - 未进行首次业务合并时公众股份的赎回及清算分配”第25页以获取更多信息。

尽管有上述赎回权，如果我们寻求股东批准我们的首次业务合并，并且我们不根据要约收购规则在首次业务合并期间进行赎回，根据我们修订和重述的公司章程，公众股东及其任何关联方或与该股东共同行动或作为“集团”（根据《1934年证券交易法》（经修订）第13条定义）的任何其他人，未经我们事先同意，将被限制赎回超过本次发行中出售股份的15%的股份。然而，我们不会限制股东投票全部股份（包括那些持有超过本次发行中出售股份15%的股东所持有的全部股份）赞成或反对我们的首次业务合并的权利。有关对持有本次发行中出售股份15%或以上的股东的赎回权的某些限制的进一步讨论，请参见第25页的“摘要 - 本次发行 - 若我们召开股东投票，持有本次发行中出售股份15%或以上的股东的赎回权限制”。

我们的赞助商Essential Minerals Sponsor LLC和承销商根据书面协议承诺，以每股10.00美元的价格购买总计662,500份私募单位（“私募单位”）（或在承销商全部行使超额配售选择权的情况下最多730,000份私募单位），总购买价格为6,625,000美元（或在承销商全部行使超额配售选择权的情况下最多7,300,000美元），该私募将与本次发行的交割同时完成。每份私募单位包括一股A类普通股和一个股份权利，该权利在首次业务合并完成后可获得一股A类普通股的八分之一（1/8）（“私募权利”），详见本招股说明书。其中，我们的赞助商已同意购买475,000份私募单位（或在承销商全部行使超额配售选择权的情况下最多514,375份私募单位），而承销商已同意使用其部分承销折扣和佣金购买187,500份私募单位（或在承销商全部行使超额配售选择权的情况下最多215,625份私募单位）。私募单位与本次发行中出售的单位相同，但根据本招股说明书中所述的某些有限例外情况有所不同。

我们的赞助商已购买总计5,750,000股B类普通股（其中最多750,000股可能根据承销商超额配售选择权的行使程度而无需对价转让给我们），总购买价格为25,000美元，约合每股0.004美元。B类普通股将在我们首次业务合并完成时或之后立即自动转换为A类普通股，或在该时间点之前，由持有者选择转换，按1:1的比例转换，但需根据股份拆分、股份资本化、重组、资本重组等进行调整。由于我们的赞助商以名义价格获得B类普通股，我们的公众股东在本次发行结束时将立即遭受重大稀释。此外，B类普通股转换为A类普通股时可能发行的A类普通股可能会由于B类普通股的反稀释权利而导致对我们的公众股东产生重大稀释，这可能导致在转换时以超过1:1的比例发行A类普通股。如果在本次发行及相关首次业务合并的交割中，额外的A类普通股或股权关联证券（如本文所述）被发行或视为发行，B类普通股转换为A类普通股的比率将进行调整（除非持有已发行和流通的B类普通股多数的持有人同意放弃对任何此类发行或视为发行的反稀释调整），以便所有B类普通股转换时发行的A类普通股总数等于（i）本次发行完成后所有已发行和流通的普通股总数（包括根据承销商超额配售选择权发行的任何A类普通股，但不包括向赞助商发行的私人放置单位所含证券和股权权利所含股份）加上（ii）与我们首次业务合并相关的所有已发行或视为发行的A类普通股和股权关联证券（不包括任何向首次业务合并中的卖方发行或拟发行的股份或股权关联证券，以及向我们的赞助商或其任何关联方或我们的高管或董事在转换向公司提供的营运资金贷款时发行的等值私人放置单位）；减去（iii）在首次业务合并过程中公众股东赎回的A类普通股；但须遵守，创始人股份的转换永远不会以低于1:1的比例进行。如果我们增加或减少本次发行的规模，我们将在本次发行完成前立即对B类普通股进行股份资本化、股份回购或赎回或其他适当机制，以保持我们的初始股东在本次发行完成后已发行和流通的普通股中的所有权比例，按转换后计算为25%。在我们首次业务合并完成前，只有B类普通股的持有者（a）在首次业务合并完成前或在完成首次业务合并时有权投票任命和罢免董事，以及（b）有权投票决定在开曼群岛以外的司法管辖区继续我们的公司（包括因我们通过在开曼群岛以外的司法管辖区继续方式批准转让而需要通过的新公司章程文件的特别决议）。在首次业务合并完成前或在完成首次业务合并时提交给股东投票的其他事项上，B类普通股和A类普通股的持有者将作为一个单一类别共同投票，除非法律另有规定。总体而言，赞助商的5,000,000股B类普通股和其475,000股私人A类普通股（不包括股权权利所含股份）将代表约26.5%的已发行普通股，假设承销商的超额配售选择权未被行使。详见第7页“概述 - 本次发行 - 我们的赞助商”中关于我们赞助商及其附属公司证券的进一步讨论；第18页“概述 - 本次发行 - 创始人股份的转让限制”、“概述 - 本次发行 - 创始人股份的转换和反稀释权利”、“概述 - 本次发行 - 董事的任命和罢免以及在开曼群岛以外的司法管辖区继续公司；投票权”；第61页“风险因素 - 与我们证券相关的风险 - 我们的赞助商为创始人股份支付的名义购买价格可能导致在我们首次业务合并完成后您的公众股份的隐含价值显著稀释”以及“- 与我们证券相关的风险 - 我们可能在完成首次业务合并或在完成首次业务合并后通过员工激励计划发行额外的普通股或优先股。由于我们修订和重述的公司章程和细则中包含的反稀释条款，我们可能在首次业务合并时以超过1:1的比例发行A类普通股。任何此类发行都会稀释股东的利益，并可能带来其他风险。

如第121页“管理层 - 利益冲突”中更详细讨论的那样，我们目前的每位董事和高管都有，未来可能有对一个或多个其他实体的额外受托责任、合同义务或其他义务或职责，根据这些义务，该董事或高管可能被要求将商业合并机会提供给这些实体。我们发起人、高管和董事（直接或间接）为创始人股份支付的低价创造了一种激励机制，即使我们选择的收购目标随后价值下降且对公众股东不盈利，我们的高管和董事仍可能从中获得可观利润。如果我们无法在规定的完成窗口内完成首次业务合并（如下所述），创始人股份和私募股权单位可能会变得一文不值，除非它们从信托账户外的资产中获得清算分配，这可能会激励我们的发起人、高管和董事即使我们选择的收购目标随后价值下降且对公众股东不盈利，也要完成交易。此外，如果目标公司将其高管或董事的留任或辞职作为我们首次业务合并协议的条件，我们的每位高管和董事在评估特定业务合并时可能会存在利益冲突。此外，自我们的证券在纳斯达克上市之日起，我们将支付我们的发起人或其关联方每月10,000美元，以支付我们获得的办公空间、公用事业和秘书及行政支持，如本招股说明书其他部分所述。在本次发行完成后，我们将偿还发起人向我们提供的最多300,000美元贷款，以支付与发行和组织相关的费用。如果在本次发行后，我们从发起人或其关联方获得营运资金贷款，以支付与首次业务合并相关的交易费用，此类贷款中最多1,500,000美元可在贷款人选择下以每单位10.00美元的价格转换为合并后实体的单位。此外，我们的发起人、我们的高管和董事或其关联方可能会获得介绍费、咨询费、顾问费或成功费，以促成我们首次业务合并的完成。此外，在完成业务合并后，我们的管理团队成员将有权报销与识别、调查和完成首次业务合并相关的任何差旅费用，我们可能会聘请我们的发起人或其关联方作为顾问或其他方式，与我们的首次业务合并及某些其他交易相关，并向该人或实体支付相当于类似交易市场标准的薪资或费用。因此，我们的管理团队成员、我们的发起人及其关联方与本次发行的购买者之间可能存在或潜在存在重大利益冲突。详见第7页“招股说明书摘要 - 我们的发起人”中关于我们的发起人及其关联方的薪酬的进一步讨论；第93页的“拟议业务 - 潜在业务合并目标的来源”和第128页的“某些关系和关联方交易”以获取更多信息。

我们将有直到本次发行结束后的21个月的期限，或直到我们的董事会可能批准的更早的清算日期，以完成我们的首次业务合并，我们在此将其称为\"完成窗口\"。如果我们预计可能无法在完成窗口内完成首次业务合并，我们可能会寻求股东批准，以修订我们的修订和重述的公司章程，将我们必须完成首次业务合并的日期延长。如果我们寻求股东批准延长，公众股份的持有者将有机会以每股价格赎回其股份，该价格以现金支付，等于当时信托账户中存放的总金额，包括由此产生的利息（扣除可能适用的税款，但不包括消费税），再除以当时已发行和流通的公众股份总数，受适用法律的约束。如果我们无法在完成窗口内完成首次业务合并，我们将以每股价格赎回100%的公众股份，该价格以现金支付，等于当时信托账户中存放的总金额，包括由此产生的利息（扣除可能适用的税款，但不包括消费税，以及最多100,000美元的利息收入用于支付清算费用），再除以当时已发行和流通的公众股份总数，受适用法律和某些条件的约束，如本文进一步所述。

目前，我们的单位、A类普通股或股份权利没有公开市场。我们计划在本招股说明书发布日期或之后尽快在纳斯达克全球市场（\"纳斯达克\"）上市，股票代码为\"EMACU\"。我们不能保证我们的证券将被批准在纳斯达克上市。我们预计构成单位的A类普通股和股份权利将在本招股说明书发布日期后的第52天开始分别交易，除非Cohen & Company Capital Markets，Cohen & Company Securities, LLC（\"CCM\"）的部门，即承销商的代表，通知我们其决定允许更早的分别交易，前提是我们在本文进一步描述的某些条件得到满足。一旦构成单位的证券开始分别交易，我们预计A类普通股和股份权利将在纳斯达克分别以\"EMAC\"和\"EMACR\"的代码上市。

根据适用的联邦证券法，我们是一个“新兴成长公司”和“较小的报告公司”，并将受到减少的上市公司报告要求的约束。投资我们的证券涉及很高的风险。参见“风险因素” 从第32页开始，讨论与投资我们的证券相关的信息。投资者将无权享受规则419空白支票发行中通常为投资者提供的保护。

美国证券交易委员会或任何州证券委员会均未批准或否决这些证券，也未确定本招股说明书是否真实或完整。与此相反的任何陈述都是刑事犯罪。

在开曼群岛，不得向公众直接或间接发出认购我们任何证券的要约或邀请。

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	每单位		总计
公开发行价格	$	10.00		$	150,000,000
承销折扣和佣金⁽¹⁾	$	0.60		$	9,000,000
扣除费用后的收益对我们	$	9.40		$	141,000,000

\n \n \n \n

(1)

包括\n (A) $0.20 每单位（包括任何根据承销商购买额外单位的期权出售的单位），\n 或总计 $3,000,000（如果承销商完全行使超额配售选择权，最多可达 $3,450,000），在本次发行结束时支付给承销商，其中 (i) $0.075 每单位以现金支付给承销商，\n (ii) $0.125 每单位将由承销商用于购买私募配售单位；以及 (B) $0.40 每单位在所有\n 单位出售时，或总计最多 $6,000,000（如果承销商完全行使超额配售选择权，总计最多 $6,900,000）支付给承销商，用于延期承销佣金，存入位于美国的信托账户，并且仅在我们首次业务合并完成后才释放给承销商用于其自身账户。但上述 $0.40 每单位仅在我们首次业务合并完成后，信托账户中剩余金额的基础上才需支付，包括与我们首次业务合并相关的所有已正确提交的股东赎回。\n 有关承销商应得承销补偿的描述，请参见“承销”部分。

我们从本次发行和本招股说明书所述私募配售单位销售中获得的收益中，$151,500,000，或如果承销商完全行使超额配售选择权，则为 $174,225,000（每单位 $10.10，无论哪种情况）将存入由 Continental Stock Transfer & Trust Company 担任受托人的美国信托账户。

由于我们的发起人以名义价格获得创始人股份，我们公开交易的股东在本次发行结束时将立即且显著地被稀释。此外，由于创始人股份的反稀释权利，与创始人股份转换相关的可发行的 A 类普通股可能会导致我们的公开交易股东显著稀释，这可能导致在转换时以超过一比一的比例发行 A 类普通股。请参见第 61 页标题为“风险因素 - 与我们证券相关的风险 - 我们的发起人支付的创始人股份的名义购买价格可能导致我们首次业务合并完成后您公开股份的隐含价值显著稀释，而且如果我们的首次业务合并完成，即使业务合并导致我们普通股的交易价格大幅下跌，我们的发起人很可能在我们身上获得大量利润”的部分。

下表说明了单位公开发行价格与我们经调整后的每股有形账面价值之间的差异，该调整反映了与我们首次业务合并交割可能相关的各种潜在赎回水平（“经调整的NTBVPS”），并按假设全部行权和不行权超额配售选择权的基准进行追溯调整。经调整的NTBVPS不包括我们首次业务合并或任何相关交易或费用的完成的影响。详见第75页“稀释”部分。

截至2026年6月30日
发行价每单位 10.00美元		最大赎回额的 25%			最大赎回额的 50%		最大赎回额的 75%	最大赎回额
经调整的 NTBVPS		经调整的 NTBVPS			经调整的 NTBVPS 与发行价之间的差异		经调整的 NTBVPS	经调整的 NTBVPS 与发行价之间的差异		经调整的 NTBVPS			经调整的 NTBVPS 与发行价之间的差异		经调整的 NTBVPS	经调整的 NTBVPS 与发行价之间的差异
假设超额配售选择权全部行权
$	7.11		$	6.53		$	3.47	$	5.63		$	4.37		$	4.00	$	6.00	$	0.21	$	9.79
	假设超额配售选择权不行权
$	7.10		$	6.52		$	3.48	$	5.62		$	4.38		$	3.99	$	6.01	$	0.21	$	9.79

我们的发起人和管理团队成员在本次发行后将直接或间接持有我们的证券，因此，他们在确定特定目标公司是否适合进行首次业务合并时，可能会存在利益冲突。此外，我们目前的每位高管和董事都有，未来可能有额外的忠实义务、合同义务或其他义务或职责，根据这些义务或职责，该高管或董事可能被要求向此类实体披露业务合并机会。因此，我们发起人及其关联方与本次发行的购买者之间可能存在实际或潜在的重大利益冲突。详见第27页“概述 - 本次发行 - 利益冲突”、第93页“拟议业务 - 潜在业务合并目标的来源”和第121页“管理层 - 利益冲突”部分以获取更多信息。

承销商正在以包销方式出售单位。承销商预计将于，2026年向购买者交付单位。

主承销商

Cohen & Company Capital Markets

,\n2026

		页码
概述		1
本次发行		15
风险		30
风险因素		32
关于前瞻性声明的警示性说明		70
募集资金的使用		71
股息政策		74
稀释		75
资本结构		77
管理层讨论与分析财务状况和经营成果		78
拟议的业务		82
实施我们的首次业务合并		96
管理层		115
主要股东		125
有关关系和关联方交易		128
证券描述		130
税务		144
承销		152
法律事项		159
专家		159
您可以找到更多资料的地方		159
财务报表索引		F-1

我们对本招股说明书包含的信息负责。我们以及承销商均未授权任何人向您提供与本招股说明书内容不同或不一致的信息。我们以及承销商均未在任何禁止提供或销售证券的司法管辖区提供出售证券的要约。您不应假定本招股说明书包含的信息在除本招股说明书封面所示日期以外的任何日期都是准确的。

商标

本招股说明书包含对其他实体的商标和服务标志的引用。为方便起见，本招股说明书提到的商标和商誉可能未显示^®或™符号，但这些引用并不意味着，以任何方式，适用的许可方不会根据适用法律 fullest extent 行使其对这些商标和商誉的权利。我们无意通过使用或展示其他公司的商誉、商标或服务标志来暗示与其他公司的关系，或暗示其他公司对我们的认可或赞助。

概要

本概要仅突出了本招股说明书中其他部分的更详细信息。

由于这是概要，因此不包含您在做出投资决策时应考虑的所有信息。在投资之前，请仔细阅读整个招股说明书，包括“风险因素”部分以及本招股说明书中其他地方包含的财务报表和相关附注。

除非本招股说明书或上下文另有说明，否则对以下内容的引用：

●

“修订和重述的公司章程”是公司在本次发行完成前将采用的修订和重述的公司章程，可能不时进行修订和/或重述；

●

“CCM” 是指Cohen & Company Capital Markets，Cohen & Company Securities, LLC 的一个部门，是本次发行承销商的代表；

●

“公司法”是指开曼群岛的《公司法》（修订版），可能不时进行修订；

\n \n \n \n \n

●

“completion window” 是指以下时间段：(i) 从本次发行的截止日期开始并包括该日期；以及 (ii) 截止到本次发行结束后的21个月后的日期，或我们董事可能批准的较早清算日期，或根据我们经修订和重述的公司章程的修正案我们必须完成首次业务合并的较晚日期。我们的股东可以随时投票修改我们经修订和重述的公司章程，以调整我们完成首次业务合并的时间，如果对此类修正案进行批准，则我们的公众股东将有机会在任何此类修正案批准后赎回其公众股份;

●

“董事”是指我们的董事（包括本招股说明书所述的我们的董事提名人）；

●

“发起人股份”是指由我们的发起人在此发行前通过私募交易最初购买的B类普通股，以及在我们首次业务合并时或在持有人根据本文所述选择的情况下更早时自动转换为A类普通股的A类普通股（此类A类普通股将不是“公众股份”）；

●

“初始股东”是指在本次发行前持有我们发起人股份的我们的发起人和任何其他持有人；

●

“投资公司法”是指1940年《投资公司法》，经修订；

●

“Letter Agreement” 是指在注册声明被宣布生效之日，由我们、发起人以及我们的每位高管和董事签署的协议，其形式作为本招股说明书所构成的注册声明的附录提交；

●

“管理层”或我们的“管理团队”是指我们的高管和董事；

●

“普通决议”是指公司（a）在股东大会上由有权投票的股东以简单多数投票通过的决议，如果允许代理投票，则可通过代理投票，计算多数票时应考虑每位股东有权投票的票数，或（b）在公司股东大会上由所有有权就该事项投票的已发行股份持有人书面批准的决议（或根据《公司法》不时允许的较低门槛）；

●

“普通股”指的是我们的A类普通股和B类普通股，合称;

●

“私募”指的是与本次发行同时完成的证券私募发行，根据该发行，发起人和承销商将购买私募单位。

●

“私募权利”指的是包含在私募单位中的股份权利；

●

“私募普通股”指的是包含在私募单位中的A类普通股（此类A类普通股将不是“公众普通股”）；

●

“私募单位”指的是与本次发行同时完成的、向我们的发起人和承销商发行的单位，该私募单位与本次发行中发行的单位相同，但根据本招股说明书所述的某些有限例外情况除外；

●

“公众股东”指的是我们的公众普通股的持有者，包括我们的初始股东、管理团队和顾问，前提是我们的初始股东、管理团队成员和/或顾问购买了公众普通股，但每位此类人员的“公众股东”身份仅限于此类公众普通股；

●

“公众普通股”指的是包含在本次发行单位中的A类普通股（无论它们是在本次发行中购买的还是之后在公开市场购买的；此类A类普通股排除私募普通股以及由我们的B类普通股转换而来的任何A类普通股）；

●

“股份权利”指的是包含在本次发行单位和私募中的权利；

●

“SPAC”指的是特殊目的收购公司；

●

“特别决议”是指公司的一项决议，(a) 由不少于三分之二（2/3）（或经修订和重述的公司章程和细则中规定的更高批准门槛）的投票权通过，该投票权由有权这样做的股东亲自投票，或在允许代理的情况下通过代理人在公司股东大会上投票，该股东大会已按规定通知了提出该决议作为特别决议的意图，并且在计算多数票时应考虑每位股东有权获得的投票数，或(b) 在公司股东大会上，所有有权就该事项投票的已发行股份持有人书面批准；

●

“保荐人”是指Essential Minerals Sponsor LLC，该公司于2026年6月最近成立，旨在投资我们的公司，有关进一步讨论请参见下文“我们的保荐人”；我们的首席执行官兼执行主席Matthew Hayes是Essential Minerals Sponsor LLC的唯一管理合伙人；

●

“承销商”是指CCM以及参与本次发行的任何其他承销商，包括在适用情况下，其各自关联公司购买与本次发行相关的私募单位；

●

“承销商超额配售选择权”是指承销商在45天内可购买最多额外2,250,000个单位以覆盖超额配售的选择权；

●

“我们”、“我们”、“我们的”、“公司”或“我们的公司”是指Essential Minerals Acquisition Corp，一家开曼群岛豁免公司。

本招股说明书中提及的公司股份被没收的任何参考，根据开曼群岛法律，应视为无对价放弃该等股份；本招股说明书中所述的B类普通股的任何转换，根据开曼群岛法律，应视为B类普通股的强制赎回和A类普通股的发行；

本招股说明书中所述的任何股息将根据开曼群岛法律视为股本增加（即，从股本溢价中发行股份）；

本招股说明书中提及的注册商标是其各自所有者的财产；

除非我们另有说明，本招股说明书中所述信息假设承销商不会行使其超额配售选择权。

我们的公司

我们是一家新成立的空白支票公司，于2026年6月18日作为开曼群岛免税公司注册，目的是与一个或多个业务或实体进行合并、合并、股份交换、资产收购、股份购买、重组或类似业务组合（我们的“初始业务组合”）。我们尚未选定任何业务组合目标，我们以及我们代表任何人尚未直接或间接与任何业务组合目标启动任何实质性讨论。

尽管我们可能会在任何业务、行业、部门或地理区域寻找初始业务组合，但我们打算将搜索重点放在那些拥有、经营或正在开发对美国具有战略意义的贵金属和其他关键矿物资产的公司，特别关注位于美国和其他一级矿业司法管辖区的资产。特别是，我们打算重点关注主要银矿和其他贵金属项目，以及支持美国国内资源安全的关键矿物资产，每种情况下目标公司都拥有处于或接近开发阶段的资产，并需要资金将这些资产推进到生产阶段。我们预计会优先考虑位于美国的资产，主要是内华达州和德克萨斯州，以及其他一级、低风险的矿业司法管辖区。我们预计会关注企业价值约为5亿美元至15亿美元的目标，并考虑各种交易结构，包括资产收购和剥离、母公司分拆以及与私营公司的业务组合。我们的目标是找到一个可以为美国国内供应链安全做出贡献的资产，并且我们认为该资产可以在美国公开市场中实现规模扩大和重新估值。

我们的广泛来源网络包括（i）企业创始人、所有者和高级管理人员联系人，（ii）私人股权、财务投资者和其他私人企业的发起人，以及（iii）行业专业人士，包括投资银行、法律、会计和其他行业专家。我们认为，通过我们联系人网络在我们关注的行业中存在的 highly attractive 投资机会是可获得的。我们认为，我们的管理团队的经验和综合专业知识为我们提供了独特的见解，可以评估多个行业中的目标，包括下一代和传统行业等。我们计划为初始业务组合而瞄准的公司将是在其生命周期中处于转折点的公司，并且我们认为这些公司可以受益于我们的战略见解、资本和专业知识，以加速其业务发展，改善其业务前景，并释放其业务的全部价值。

我们相信我们的管理团队能够从战略、业务建设、商业、资本市场、上市公司运营和可持续发展的角度为一家目标公司创造显著价值。我们管理团队丰富的运营经验和上市公司专业知识，通过我们的参与和管理，有可能带来具有吸引力的风险调整后回报。此外，我们的团队在帮助成长型公司准备和执行首次公开发行或首次业务合并方面有丰富的实战经验，并通过与这些公司密切合作，担任积极的股东和董事，协助执行其战略计划，支持其持续转型，并帮助其在公开市场中获取和创造长期价值。

我们认为，我们在公开股权市场中扮演着重要角色，通过识别高质量、增长导向的企业，评估高增长商业计划的优劣和可行性，并完成投资前尽职调查，专注于并为公司做好公开上市公司的多方面要求的准备，并实际完成和主导业务合并交易。我们认为，这种职能对我们的最终业务合并目标将具有不可估量的价值，因为我们相信我们具备验证和增强其商业计划的能力，提升其竞争地位，并为其公开上市的严格要求做好准备，同时也为我们的投资者带来价值，因为他们可能 otherwise 没有机会或信心在我们所识别的业务中进行公开投资。

管理团队

我们由创始人马修·海耶斯（Matthew Hayes）领导，自公司成立之初他就担任首席执行官，并自2026年7月起担任执行董事长。海耶斯先生是珀斯的资本市场运营者和企业顾问，具有在ASX上市的初级矿业和关键矿物领域结构股权配售、管理投资者关系并就企业交易提供建议的经验，特别关注内华达州和德克萨斯州的白银、黄金和关键矿物资产。自2017年9月起，海耶斯先生担任Wagtail Capital Pty Ltd的董事总经理，这是一家企业咨询公司。自2026年4月起，他担任Bison Resources Ltd首次公开发行的牵头经理，从2025年11月至2026年5月（ASX: BSR），他自2026年7月起也担任该公司的企业顾问。自2023年6月起，海耶斯先生担任Black Bear Minerals Ltd（ASX: BKB，前身为James Bay Minerals Ltd）的创始人，并自2025年2月起担任其执行董事长。自2023年3月起，海耶斯先生担任Sun Silver Ltd（ASX: SS1）的创始人，自2024年5月起担任其企业顾问，并自2023年1月至2023年11月担任董事。海耶斯先生还曾担任Raisebook Pty Ltd.（一家商业中介公司）的首席执行官；AssetFarm的联合创始人，这是一家石油和天然气资产的在线市场；Geronimo Consulting的董事总经理，这是一家专注于资源领域的精品高管招聘和企业咨询公司；Read Oil & Gas Recruitment Corp（一家石油和天然气招聘公司）的经理；以及Hays（一家石油和天然气招聘公司）的招聘顾问。

海耶斯先生从迪肯优质学院获得了证券经纪研究生文凭（RG146），并从埃迪斯·科文大学获得了文学学士学位。有关更多信息，请参见“管理层”部分。

我们还由迈克尔·劳格南领导，他自2026年7月起担任我们的首席财务官。自2025年9月起，劳格南先生担任奥克林集团有限责任公司的负责人，这是一家提供部分首席财务官服务的咨询公司，服务对象包括家族办公室、上市公司和私人客户。在此之前，他自2022年9月至2025年8月担任马尔贝拉利益有限责任公司（一家位于德克萨斯州奥斯汀的单一家族办公室）的会计与财务主管/财务总监，该公司管理着超过10亿美元的资产，涉及能源、自然资源、房地产、国际投资以及体育和娱乐领域。自2014年7月至2022年9月，他是丹帕洛集团的合伙人，这是一家位于珀斯的会计、税务和咨询公司，服务客户从早期创业公司到澳大利亚证券交易所上市企业，并在澳大利亚毕马威会计师事务所开始了他的职业生涯，担任企业税务顾问。劳格南先生毕业于西澳大利亚大学，获得公司金融与财务会计文学学士学位。

我们管理层的成员在识别、评估、谈判和完成我们计划为首次业务合并而进行的交易类型方面拥有丰富的经验。

我们的董事会将包括蒂莫西·麦卡勒尔、亚当·雅科维奇和布雷特·哈姆顿，他们中的每一位在我们的单位在纳斯达克开始交易时都将成为独立董事。麦卡勒尔先生自2026年6月起担任Bison Resources Limited（ASX: BSR）的首席执行官，这是一家在澳大利亚证券交易所上市的黄金和白银勘探公司，致力于推进内华达州卡林带的项目组合，此前他在必和必拓和福特斯库金属集团的重大项目中担任过商业和合同相关职位。雅科维奇先生自2003年起担任Jako Industries的董事，这是一家位于珀斯的机械工程服务公司，在过去的22多年里，他负责了复杂基础设施和工业项目的设、制造和交付。哈姆顿先生在2013年2月至2022年2月期间在必和必拓的西澳大利亚铁矿业务中担任了一系列逐步晋升的工程和项目管理职位，最近在纽曼业务中担任项目经理。有关更多信息，请参见“管理层”部分。

市场机会

我们认为，关键矿物市场正在经历结构性转型，这为我们寻找机会创造了有利环境。根据国际能源署的数据，在其《2050年净零排放情景》下，到2040年清洁能源技术的矿物需求将增加四倍，达到近4000万吨，而铜、锂、镍、钴、石墨和稀土元素的综合市场价值在同一时期将翻一番，从约3250亿美元增至约7700亿美元。相比之下，供应仍高度集中。国际能源署报告称，中国是其跟踪的20种能源相关矿物中19种的主要精炼国，平均市场份额约为70%；中国控制着石墨和稀土元素超过90%的全球精炼能力；并且中国加工了约60%的全球锂和钴。采矿领域的集中度也有所增加，关键能源矿物前三大采矿国的平均市场份额从2020年的73%上升至2024年的77%。

2025年11月，美国内政部通过美国地质调查局发布了最终的2025年关键矿物清单，该清单确定了60种对美国经济和国家安全至关重要的矿物。2025年清单保留了2022年清单中的全部50种矿物，并新增了10种，包括银。我们认为，银的加入使我们对主要银和其他贵金属，以及与美国立场一致的关键矿物的关注，正好处于这一机遇之中。

本招股说明书中包含的市场和行业数据来源于公开的第三方来源，包括国际能源署的《2024年全球关键矿物展望》和《2025年全球关键矿物展望》、美国地质调查局的《矿物商品摘要》，以及2025年11月7日发布在《联邦纪事》上的最终2025年关键矿物清单。虽然我们认为这些来源是可靠的，但我们并未独立验证基础数据，此类预测本质上存在重大不确定性，可能无法实现。参见“关于前瞻性声明的警示性说明”。

我们的竞争优势

我们认为，我们管理团队和我们的发起人的以下特点将在我们目标行业寻找和执行初始业务合并时使我们与众不同：

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专注于特定领域的资源获取能力。我们的管理团队与采矿运营商、机构资源投资者、项目融资者以及关键矿物供应链保持关系，包括在美国。我们认为这些关系使我们能够接触到未广泛宣传的专有和有限参与机会。

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资源行业上市经验。我们管理团队的成员曾发起、构建并在ASX上市过初级矿业和关键矿物公司，并有为资源资产准备公开上市所需披露、治理和报告要求的经验。

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美国贵金属和关键矿物资产的获取。我们认为，我们管理团队在美国的现有关系，特别是内华达州和德克萨斯州的关系，使我们能够接触到符合美国战略矿物和国内供应安全优先事项的一级司法管辖区的初级银和其他贵金属机会。

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技术和开发能力。我们的董事会预计包括在BHP、必和必拓和福特斯库金属集团具有项目交付、工程、建设、商业合同和重大项目执行经验的董事，我们认为这将有助于我们的技术尽职调查以及收购资产的后续开发。

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交易执行能力。我们正在与Cohen & Company Capital Markets合作，作为主要簿记管理人，并与在美国和开曼群岛有SPAC交易经验的法律顾问合作，我们已构建了治理和独立性框架，以在我们的完成窗口内高效执行首次业务合并。

先前的资源行业上市经验

Members of our management team have previously\nfounded and listed junior resources companies on the ASX. Mr. Hayes, our Chief Executive Officer and Executive Chairman, was a founding\ndirector of Bison Resources Limited (ASX: BSR), a co-founding director of Sun Silver Limited (ASX: SS1) and a founding director and,\nsince October 2025, Executive Chairman of Black Bear Minerals Limited (ASX: BKB). Each of Bison Resources, Sun Silver and Black Bear\nwas among the best-performing initial public offerings of mining exploration and development companies completed on the ASX in 2026,\n2024 and 2023, respectively, measured by share price appreciation over the initial public offering price on the first day of trading\nand, for companies listed in 2023 and 2024, over the twelve months following listing, in each case based on our analysis of price data\nreported by the ASX as of August 11, 2026 (with 2026 performance reflecting a partial year). Sun Silver was identified in HLB Mann Judd’s\nIPO Watch Australia Mid-Year Report (July 2024) as the best-performing new listing on the ASX in the first half of 2024, recording a\ngain of 113% over its issue price on the first day of trading, which rose to 160% at June 30, 2024. Mr. Mackellar, one of our independent\ndirector nominees, has served as Chief Executive Officer of Bison Resources since June 2026 and as a Strategic Advisor to Black Bear\nMinerals since April 2026.

Certain of the companies described above hold\nprecious metals assets in the United States, including in Nevada and Texas, which is within the area of focus described above, and such\nassets or entities could be candidates for our initial business combination. We may pursue an initial business combination with an entity\naffiliated with our sponsor, officers or directors. In the event we seek to complete our initial business combination with a company\nthat is affiliated (as defined in our amended and restated memorandum and articles of association) with our sponsor, officers or directors,\nwe, or a committee of independent directors, will obtain an opinion from an independent investment banking firm or another independent\nentity that commonly renders valuation opinions, stating that the consideration to be paid by us in such an initial business combination\nis fair to our company from a financial point of view. See “Management — Conflicts of Interest,” “Certain Relationships\nand Related Party Transactions” and “Risk Factors — We may engage in a business combination with one or more target\nbusinesses that have relationships with entities that may be affiliated with our sponsor, officers, directors or existing holders which\nmay raise potential conflicts of interest.”

Entity/Individual	Amount of Compensation to be Received or Securities Issued or to be Issued	Consideration Paid or to be Paid
Essential Minerals Sponsor LLC or an affiliate of Essential Minerals Sponsor LLC	$10,000 per month	Office space, administrative and shared personnel support services

	5,750,000 Class B ordinary shares (of which 750,000 are subject to forfeiture)	$25,000

	475,000 private placement units to be purchased simultaneously with\nthe closing of this offering (or up to 514,375 private placement units if the underwriters’ over-allotment option is exercised\nin full)	$4,750,000 (or up to $5,143,750 if the underwriters’ over-allotment option is exercised\nin full)

	Up to $300,000 in loans	Repayment of loans made to us to cover offering related and organizational expenses

	Private units of the post-business combination entity, which may be issued upon conversion of up to $1,500,000 in working capital loans (borrowed from Essential Minerals Sponsor LLC or an affiliate of Essential Minerals Sponsor LLC), at a price of $10.00 per unit at the option of the lender	Working capital loans to finance transaction costs in connection with an initial business combination

	Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination	Services in connection with identifying, investigating and completing an initial business combination

Holders of Class B ordinary\n shares	Anti-dilution protection upon conversion into Class A ordinary shares at\n a greater than one-to-one ratio	Issuance of the Class A ordinary shares issuable in connection with the conversion\n of the founder shares on a greater than one-to-one basis upon conversion

Our sponsor, our officers, directors, or\n our or their affiliates	Finder’s fees, advisory fees, consulting fees, success fees	Any services in order to effectuate the completion of our initial business, which, if made prior\n to the completion of our initial business combination, will be paid from funds held outside the trust account

Our sponsor and its affiliates	Salary or fee in an amount that constitutes a market standard for comparable transactions in\n connection with our initial business combination	Services in connection with identifying, investigating and completing an initial business combination\n which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account

Securities offered:	15,000,000 units, at $10.00 per unit, each unit consisting of:

	●	one Class A ordinary share; and

	●	one Share Right to receive one eighth (1/8) of a Class A ordinary share upon the consummation\n of an initial business combination.

Proposed Nasdaq symbols:	Units: “EMACU”

	Class A ordinary shares: “EMAC” \n \n Share Rights: “EMACR”


Trading commencement and separation of\n Class A ordinary shares and Share Rights:	The units are expected to begin trading on or promptly after the date of this prospectus.\n The Class A ordinary shares and Share Rights comprising the units will begin separate trading on the 52^nd day following\n the date of this prospectus unless CCM informs us of its decision to allow earlier separate trading, subject to us having filed the\n Current Report on Form 8-K described below and issued a press release announcing when such separate trading will begin. Once the\n Class A ordinary shares and Share Rights commence separate trading, holders will have the option to continue to hold units or separate\n their units into the component securities. Holders will need to have their brokers contact our transfer agent in order to separate\n the units into Class A ordinary shares and Share Rights.

Separate trading of the Class A ordinary\n shares and Share Rights is prohibited until we have filed a Current Report on Form 8-K:	In no event will the Class A ordinary shares and Share Rights be traded separately\n until we have filed with the SEC a Current Report on Form 8-K which includes an audited balance sheet reflecting our receipt of the\n gross proceeds at the closing of this offering. We will file the Current Report on Form 8-K promptly after the closing of this offering.\n If the over-allotment option is exercised following the initial filing of such Current Report on Form 8-K, a second or amended Current\n Report on Form 8-K will be filed to provide updated information to reflect the exercise of the over-allotment option.

Units:

Number\n outstanding before this offering		0

Number\n of private placement units to be sold in a private placement simultaneously with this offering⁽¹⁾		\n662,500

Number\n outstanding after this offering⁽¹⁾		15,662,500

Ordinary\n shares:

Number\n outstanding before this offering⁽²⁾		5,750,000 Class B ordinary shares

Number\n outstanding after this offering and private placement⁽¹⁾⁽³⁾		15,662,500 Class A ordinary shares and 5,000,000\nClass B ordinary shares

Share\n Rights:

Number\n of private placement rights to be sold as part of private placement units in a private placement simultaneously with this offering		662,500

Number\n of Share Rights to be outstanding after this offering and the private placement⁽¹⁾⁽⁴⁾		15,662,500

Founder shares:		On June 20, 2026, Essential Minerals Sponsor LLC paid $25,000, or approximately\n $0.004 per share, to cover certain of our offering costs in exchange for 5,750,000 founder shares.

		Prior to the initial investment in the company of an aggregate of $25,000 by the sponsor, the\n company had no assets, tangible or intangible. The per share price of the founder shares was determined by dividing the amount of\n cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based\n on the expectation that the total size of this offering would be a maximum of 17,250,000 units if the underwriters’ over-allotment\n option is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering\n (excluding the private placement shares and shares underlying the Share Rights). Our public shareholders may incur material dilution\n due to such anti-dilution adjustments that result in the issuance of Class A ordinary shares on a greater than one-to-one basis upon\n conversion. Up to 750,000 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’\n over-allotment option is not exercised. If we increase or decrease the size of the offering pursuant to Rule 462(b) under the Securities\n Act, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with\n respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership\n of founder shares by our initial shareholders, on an as-converted basis, at 25% of our issued and outstanding ordinary shares upon\n the consummation of this offering (excluding the private placement shares and shares underlying the Share Rights). Any conversion\n of Class B ordinary shares described herein will take effect as a compulsory redemption of Class B ordinary shares and an issuance\n of Class A ordinary shares as a matter of Cayman Islands law.

		The founder shares are identical to the Class A ordinary shares included in the units being\n sold in this offering, except that:

		●	the founder shares are subject to certain transfer restrictions, as described in more detail below;

		●	the founder shares are entitled to registration rights;

		●	the founder shares are automatically convertible into our Class A ordinary\n shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of\n the holder on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described below adjacent to\n the caption “Founder shares conversion and anti-dilution rights”;

		●	our sponsor, officers and directors have entered into a letter agreement with us, pursuant to\n which they have agreed to (i) waive their redemption rights with respect to their founder shares, private placement shares and public\n shares in connection with the completion of our initial business combination; (ii) waive their redemption rights with respect to\n their founder shares, private placement shares and public shares in connection with a shareholder vote to approve an amendment to\n our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow\n redemption in connection with our initial business combination or to redeem 100% of our public shares if we have not consummated\n an initial business combination within the completion window or (B) with respect to any other material provisions relating to the\n rights of holders of Class A ordinary shares or pre-initial business combination activity, upon approval of any such amendment; (iii)\n waive their rights to liquidating distributions from the trust account with respect to their founder shares or private placement\n shares if we fail to complete our initial business combination within the completion window, although they will be entitled to liquidating\n distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business combination\n within the prescribed time frame and to liquidating distributions from assets outside the trust account; and (iv) vote any founder\n shares and private placement shares held by them and any public shares purchased during or after this offering (including in open\n market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5\n under the Exchange Act, which would not be voted in favor of approving the business combination transaction) in favor of our initial\n business combination; and

Founder shares conversion and\n anti-dilution rights:		The founder shares will automatically convert into Class A ordinary shares concurrently with or immediately\n following the consummation of our initial business combination or earlier at the option of the holder on a one-for-one basis, subject\n to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further\n adjustment as provided herein. In the case that additional Class A ordinary shares, or any other equity-linked securities, are issued\n or deemed issued in excess of the amounts sold in this offering and related to or in connection with the closing of the initial business\n combination, the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders\n of a majority of the outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed\n issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the\n aggregate, 25% of the sum of (i) the total number of all ordinary shares issued and outstanding upon the completion of this offering\n (including any Class A ordinary shares issued pursuant to the underwriters’ over-allotment option and excluding the securities\n underlying the private placement units issued to the sponsor and shares underlying the Share Rights), plus (ii) all Class A ordinary\n shares and equity-linked securities issued or deemed issued, in connection with the closing of the initial business combination (excluding\n any shares or equity-linked securities issued, or to be issued, to any seller in the initial business combination and any private\n placement-equivalent units issued to our sponsor or any of its affiliates or to our officers or directors upon conversion of working\n capital loans issued to the company); minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection\n with an initial business combination; provided that such conversion of founder shares will never occur on a less than one-for-one\n basis.

Appointment and removal of directors and\n continuing the company outside of the Cayman Islands; voting rights:		Except as set forth below, holders of record of our Class A ordinary shares and Class B ordinary\n shares are entitled to one vote for each share held on all matters to be voted on by shareholders, voting together as a single class.\n Unless specified in our amended and restated memorandum and articles of association or as required by the Companies Act or stock\n exchange rules, an ordinary resolution under Cayman Islands law and our amended and restated memorandum and articles of association,\n which requires the affirmative vote of a simple majority of the votes cast by such shareholders as, being entitled to do so, vote\n in person or, where proxies are allowed, by proxy at the applicable general meeting of the company, voting together as a single class,\n is generally required to approve any matter voted on by our shareholders, voting together as a single class. Approval of certain\n actions require approval by way of a special resolution under our amended and restated memorandum and articles of association and\n under Cayman Islands law, which (except as specified below) requires the affirmative vote of a majority of at least two-thirds of\n the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable\n general meeting, and pursuant to our amended and restated memorandum and articles of association, such actions include amending our\n amended and restated memorandum and articles of association and approving a statutory merger or consolidation with another company.

		Except in certain limited circumstances, pursuant to the letter agreement,\n no member of the sponsor may transfer all or any portion of its membership interests in the sponsor. For more information, see “Principal\n Shareholders - Restrictions on Transfers of Founder Shares and Private Placement Units.”

Transfer restrictions on private placement\n units:		The private placement units (including the underlying securities) will not be transferable,\n assignable or saleable until 30 days after the completion of our initial business combination, except as described herein under “Principal\n Shareholders - Restrictions on Transfers of Founder Shares and Private Placement Units.”

Ability to extend time to complete business\n combination:	If we anticipate that we may not be able to\n consummate our initial business combination within 21 months from the closing of this offering, we may seek shareholder\n approval to amend our amended and restated memorandum and articles of association to extend the date beyond 21 months\n by which we must consummate our initial business combination. If we seek shareholder approval for an extension, holders\n of public shares will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal\n to the aggregate amount then on deposit in the trust account, including interest earned thereon (less taxes payable,\n other than excise taxes, if any), divided by the number of then issued and outstanding public shares, subject to\n applicable law. \n \n If we are unable to complete our initial business combination\n within the completion window, we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate\n amount then on deposit in the trust account, including interest earned thereon (net of taxes payable, other than excise taxes, if\n any, and up to $100,000 of dissolution expenses), divided by the number of then issued and outstanding public shares, subject to\n applicable law as further described herein.

Anticipated expenses and funding sources:	Unless and until we complete our initial business combination,\n no proceeds held in the trust account will be available for our use, except to pay our taxes, other than excise taxes, if any, and/or\n to redeem our public shares in connection with an amendment to our amended and restated memorandum and articles of association, as\n described above. The proceeds held in the trust account will initially be invested only in U.S. government treasury obligations with\n a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act\n which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be\n temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed\n to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments\n in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related to our\n potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account and\n instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank. Unless and until\n we complete our initial business combination, (other than permitted withdrawals which may be paid from the interest earned on the\n trust account), we may pay our expenses only from: \n

	●	the net proceeds of this offering and the sale of the private placement units not held in the trust account,\n which initially will be approximately $1,325,000 in working capital after the payment of approximately $800,000 in expenses relating\n to this offering; and

	●	any loans or additional investments from our sponsor, members of our management\n team or their affiliates or other third parties, although they are under no obligation to advance funds or invest in us; provided\n that any such loans will not have any claim on the proceeds held in the trust account unless such proceeds are released to us upon\n completion of our initial business combination. Up to $1,500,000 of such loans may be convertible into private placement units, at\n a price of $10.00 per unit, at the option of the lender.

Conditions to completing our initial business\n combination:	Nasdaq rules require that we must complete one or more business combinations having\n an aggregate fair market value of at least 80% of the value of the assets held in the trust account (excluding the deferred underwriting\n commissions and taxes payable on the interest earned on the trust account) at the time of the signing of the definitive agreement\n to enter into such business combination. Our board of directors will make the determination as to the fair market value of our initial\n business combination. If our board of directors is not able to independently determine the fair market value of our initial business\n combination, we will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders\n valuation opinions with respect to the satisfaction of such criteria. While we consider it likely that our board of directors will\n be able to make an independent determination of the fair market value of our initial business combination, it may be unable to do\n so if it is less familiar or experienced with the business of a particular target or if there is a significant amount of uncertainty\n as to the value of the target’s assets or prospects.

	Additionally, pursuant to Nasdaq rules, any initial business combination must be\n approved by a majority of our independent directors. We will complete our initial business combination only if the post-transaction\n company in which our public shareholders own shares will own or acquire 50% or more of the outstanding voting securities of the target\n or is otherwise not required to register as an investment company under the Investment Company Act. Even if the post-transaction\n company owns or acquires 50% or more of the voting securities of the target, our shareholders prior to our initial business combination\n may collectively own a minority interest in the post business combination company, depending on valuations ascribed to the target\n and us in the business combination transaction. For example, we could pursue a transaction in which we issue a substantial number\n of new shares in exchange for all of the outstanding capital stock, shares or other equity interests of a target. In this case, we\n would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares,\n our shareholders immediately prior to our initial business combination could own less than a majority of our issued and outstanding\n shares subsequent to our initial business combination.

		If less than 100% of the equity interests or assets of a target business\n or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or\n acquired is what will be taken into account for purposes of the 80% of net assets test described above, provided that in the event\n that the business combination involves more than one target business, the aggregate value of all of the target businesses will be\n taken into account for purposes of the 80% fair market value test and we will treat the transactions together as our initial business\n combination for purposes of seeking shareholder approval or conducting a tender offer, as applicable.

Permitted purchases of public shares and\n Share Rights by our affiliates:		If we seek shareholder approval of our initial business combination\n and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our sponsor,\n initial shareholders, directors, officers, advisors or their affiliates may purchase shares or Share Rights in privately negotiated\n transactions or in the open market either prior to or following the completion of our initial business combination. \n \n Additionally, at any time at or prior to our initial business\n combination, subject to applicable securities laws (including with respect to material nonpublic information), our sponsor, initial\n shareholders, directors, officers, advisors or their affiliates may enter into transactions with investors and others to provide\n them with incentives to acquire public shares, vote their public shares in favor of our initial business combination or not redeem\n their public shares. There is no limit on the number of shares our initial shareholders, directors, officers, advisors or their affiliates\n may purchase in such transactions, subject to compliance with applicable law and Nasdaq rules. However, they have no current commitments,\n plans or intentions to engage in such transactions and have not formulated any terms or conditions for any such transactions. None\n of the funds held in the trust account will be used to purchase shares or Share Rights in such transactions. If they engage in such\n transactions, they will not make any such purchases when they are in possession of any material nonpublic information not disclosed\n to the seller or if such purchases are prohibited by Regulation M under the Exchange Act.

		We do not currently anticipate that such purchases, if any, would constitute a tender offer\n subject to the tender offer rules under the Exchange Act or a going-private transaction subject to the going- private rules under\n the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject to such\n rules, the purchasers will comply with such rules. Any such purchases will be reported pursuant to Section 13 and Section 16 of the\n Exchange Act to the extent such purchasers are subject to such reporting requirements. See “Proposed Business - Effecting Our\n Initial Business Combination - Permitted Purchases of Our Securities.” for a description of how our sponsor, initial shareholders,\n directors, officers, advisors or any of their affiliates will select which shareholders to purchase securities from in any private\n transaction. Our sponsor, directors, officers, advisors or any of their affiliates will not make any purchases if the purchases would\n violate Section 9(a)(2) or Rule 10b-5 of the Exchange Act.

	●	our registration\n statement/proxy statement filed for our business combination transaction would disclose the possibility that our sponsor, initial\n shareholders, directors, officers, advisors or their affiliates may purchase shares or Share Rights from public shareholders outside\n the redemption process, along with the purpose of such purchases;

	●	if our sponsor, initial\n shareholders, directors, officers, advisors or their affiliates were to purchase shares or Share Rights from public shareholders,\n they would do so at a price no higher than the price offered through our redemption process;

	●	our registration statement/proxy\n statement filed for our business combination transaction would include a representation that any of our securities purchased by our\n sponsor, initial shareholders, directors, officers, advisors or their affiliates would not be voted in favor of approving the business\n combination transaction;

	●	our sponsor, initial shareholders,\n directors, officers, advisors or their affiliates would not possess any redemption rights with respect to our securities or, if they\n do acquire and possess redemption rights, they would waive such rights; and

	●	we would disclose in a Current\n Report on Form 8-K, before our general meeting of shareholders to approve the business combination transaction, the following material\n items:

	●	the amount of our securities purchased outside of\n the redemption offer by our sponsor, initial shareholders, directors, officers, advisors or their affiliates, along with the purchase\n price;

	●	the purpose of the purchases by our sponsor, initial\n shareholders, directors, officers, advisors or their affiliates;

	●	the impact, if any, of the purchases by our sponsor,\n initial shareholders, directors, officers, advisors or their affiliates on the likelihood that the business combination transaction\n will be approved;

	●	the identities of our security holders who sold\n to our sponsor, initial shareholders, directors, officers, advisors or their affiliates (if not purchased on the open market) or\n the nature of our security holders (e.g., 5% security holders) who sold to our sponsor, initial shareholders, directors, officers,\n advisors or their affiliates; and

	●	the number of our securities for which we have received\n redemption requests pursuant to our redemption offer.

Manner of conducting redemptions:	We will provide our public shareholders with the opportunity to redeem all or a portion of their public shares, regardless of whether they abstain, vote for, or vote against, our initial business combination, upon the completion of our initial business combination either (i) in connection with a general meeting called to approve the initial business combination or (ii) without a shareholder vote by means of a tender offer. The decision as to whether we will seek shareholder approval of a proposed initial business combination or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law or stock exchange listing requirements. Asset acquisitions and share purchases would not typically require shareholder approval while direct mergers with our company (other than with a 90% subsidiary of ours) and any transactions where we issue more than 20% of our issued and outstanding Class A ordinary shares or seek to amend our amended and restated memorandum and articles of association would require shareholder approval. So long as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply with Nasdaq’s shareholder approval rules.

	The requirement that we provide our public shareholders with the opportunity to redeem their public shares by one of the two methods listed above will be contained in provisions of our amended and restated memorandum and articles of association and will apply whether or not we maintain our registration under the Exchange Act or our listing on Nasdaq. Such provisions may be amended if approved by a special resolution, which requires the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company, voting together as a single class. If we provide our public shareholders with the opportunity to redeem their public shares in connection with a general meeting, we will:

	●	conduct the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the solicitation of proxies, and not pursuant to the tender offer rules, and

	●	file proxy materials with the SEC.

	If we seek shareholder approval, we will complete our initial business combination only if we receive approval by way of an ordinary resolution under Cayman Islands law and our amended and restated memorandum and articles of association, which requires the affirmative vote of a simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. However, if our initial business combination is structured as a statutory merger or consolidation with another company under Cayman Islands law, the approval of our initial business combination will require a special resolution, which requires the affirmative vote of a majority of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. A quorum for such meeting will be present if the holders of at least one third of issued and outstanding shares entitled to vote at the meeting are represented in person or by proxy. Our initial shareholders will count toward this quorum and, pursuant to the letter agreement, our sponsor, officers and directors have agreed to vote their founder shares, private placement shares and any public shares purchased during or after this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the business combination transaction) in favor of our initial business combination. For purposes of seeking approval of an ordinary resolution, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained.

		As a result, if all outstanding shares are voted on a resolution to approve our\ninitial business combination, in addition to our 5,000,000 initial shareholders’ founder shares and 662,500 private placement\nshares (including the 187,500 private placement shares held by the underwriters) and assuming no exercise of the underwriters’\nover-allotment option, if we would require an ordinary resolution, we would need the holders of 4,668,751 public shares, or the holders\nof approximately 31.13% of the 15,000,000 public shares sold in this offering, and if we would require a special resolution of two-thirds\nof our ordinary shares voted at the meeting, we would need the holders of 8,112,501 public shares, or the holders of approximately\n54.08% of the 15,000,000 public shares sold in this offering, to vote in favor of an initial business combination in order to have\nour initial business combination approved, assuming in each case that the over-allotment option is not exercised and that the parties\nto the letter agreement do not acquire any public shares. Assuming that only the holders of one-third of our issued and outstanding\nordinary shares, representing a quorum under our amended and restated memorandum and articles of association, vote their shares,\nregardless of whether such vote pertains to an ordinary resolution or a special resolution of two-thirds of our ordinary shares voted\nat the meeting, we would not need the holders of any public shares in addition to the holders of our founder shares and private placement\nshares to be voted in favor of an initial business combination in order to approve an initial business combination. In addition,\nprior to the closing of our initial business combination, only holders of our Class B ordinary share (i) will have the right to appoint\nand remove directors prior to or in connection with the completion of our initial business combination and (ii) will be entitled\nto vote on continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend\nour constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way\nof continuation in a jurisdiction outside the Cayman Islands). These quorum and voting thresholds, and the voting agreements of our\ninitial shareholders, may make it more likely that we will consummate our initial business combination.

		Each public shareholder may elect to redeem\n their public shares irrespective of whether they vote for or vote against the proposed transaction, or whether they\n do not vote or abstain from voting on the proposed transaction, or whether they were a public shareholder on the\n record date for the general meeting held to approve the proposed transaction. \n\n\n If a shareholder vote is not required and we do not decide\nto hold a shareholder vote for business or other legal reasons, we will: \n

		●	conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer\n tender offers, and

		●	file tender offer documents with the SEC prior to completing our initial business combination which contain substantially\n the same financial and other information about our initial business combination and the redemption rights as is required under Regulation\n 14A of the Exchange Act, which regulates the solicitation of proxies.

		\n In the event we conduct redemptions pursuant to the tender\n offer rules, our offer to redeem will remain open for at least 20 business days, in accordance with Rule 14e-1(a) under the Exchange\n Act, and we will not be permitted to complete our initial business combination until the expiration of the tender offer period. In\n addition, the tender offer will be conditioned on public shareholders not tendering more than the number of shares we are permitted\n to redeem. If public shareholders tender more shares than we have offered to purchase, we will withdraw the tender offer and not\n complete such initial business combination. \n \n Upon the public announcement of our initial business combination,\n if we elect to conduct redemptions pursuant to the tender offer rules, we or our sponsor will terminate any plan established in accordance\n with Rule 10b5-1 to purchase our Class A ordinary shares in the open market, in order to comply with Rule 14e-5 under the Exchange\n Act. \n \n We intend to require our public shareholders seeking to exercise\n their redemption rights, whether they are record holders or hold their shares in “street name,” to, at the holder’s\n option, either deliver their share certificates to our transfer agent or deliver their shares to our transfer agent electronically\n using the Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) system, prior to the date set forth in the proxy\n materials or tender offer documents, as applicable. In the case of proxy materials, this date may be up to two business days prior\n to the scheduled vote on the proposal to approve the initial business combination. In addition, if we conduct redemptions in connection\n with a shareholder vote, we intend to require a public shareholder seeking redemption of its public shares to also submit a written\n request for redemption to our transfer agent two business days prior to the scheduled vote in which the name of the beneficial owner\n of such shares is included. The proxy materials or tender offer documents, as applicable, that we will furnish to holders of our\n public shares in connection with our initial business combination will indicate whether we are requiring public shareholders to satisfy\n such delivery requirements. We believe that this will allow our transfer agent to efficiently process any redemptions without the\n need for further communication or action from the redeeming public shareholders, which could delay redemptions and result in additional\n administrative cost.

Release of funds in trust account\n on closing of our initial business combination:		On the completion of our initial business combination, the funds held in\n the trust account will be used to pay amounts due to any public shareholders who exercise their redemption rights as described above\n under “Redemption rights for public shareholders upon completion of our initial business combination,” to pay the underwriters\n their deferred underwriting commissions, to pay all or a portion of the consideration payable to the target or owners of the target\n of our initial business combination and to pay other expenses associated with our initial business combination. If our initial business\n combination is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment\n of the consideration in connection with our initial business combination, we may use the balance of the cash released to us from\n the trust account following the closing for general corporate purposes, including for maintenance or expansion of operations of post-transaction\n businesses, the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to\n fund the purchase of other companies or for working capital.

Redemption of public shares and distribution\n and liquidation if no initial business combination:		Our amended and restated memorandum and articles of association provide that we will have only\n the completion window to complete our initial business combination. If we have not completed our initial business combination within\n such time period, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible\n but not more than ten business days thereafter (and subject to lawfully available funds therefor), redeem the public shares, at a\n per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on\n the funds held in the trust account (which interest shall be net of taxes payable, other than excise taxes, if any, and up to $100,000\n of interest of dissolution expenses), divided by the number of then issued and outstanding public shares, which redemption will completely\n extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if\n any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval\n of our remaining shareholders and our directors, liquidate and dissolve, subject in each case to our obligations under Cayman Islands\n law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating\n distributions with respect to our Share Rights, which will expire worthless if we fail to complete our initial business combination\n within the completion window.

	Our sponsor, officers and directors have entered into a letter agreement with us,\n pursuant to which they have waived their rights to liquidating distributions from the trust account with respect to any founder shares\n and private placement shares held by them if we fail to complete our initial business combination within the completion window, although\n they will be entitled to liquidating distributions from assets outside the trust account. However, if our initial shareholders or\n management team acquire public shares in or after this offering, they will be entitled to liquidating distributions from the trust\n account with respect to such public shares if we fail to complete our initial business combination within the completion window.

	The underwriters have agreed to waive their rights to their\n deferred underwriting commissions held in the trust account in the event we do not complete our initial business combination within\n the completion window and, in such event, such amounts will be included with the funds held in the trust account that will be available\n to fund the redemption of our public shares. \n \n Our sponsor, officers and directors have agreed, pursuant to\n a letter agreement, that they will not propose any amendment to our amended and restated memorandum and articles of association (A)\n to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to\n redeem 100% of our public shares if we do not complete our initial business combination within the completion window or (B) with\n respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-initial business combination\n activity, in each case unless we provide our public shareholders with the opportunity to redeem their Class A ordinary shares upon\n approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust\n account, including interest earned on the funds held in the trust account (less taxes payable, other than excise taxes, if any),\n divided by the number of then issued and outstanding public shares, subject to applicable law. For example, our board of directors\n may propose such an amendment if it determines that additional time is necessary to complete our initial business combination. In\n such event, we will conduct a proxy solicitation and distribute proxy materials pursuant to Regulation 14A of the Exchange Act seeking\n shareholder approval of such proposal, and in connection therewith, provide our public shareholders with the redemption rights described\n above upon shareholder approval of such amendment.

Limited payments to insiders:	●	We are not prohibited from paying any fees (including advisory fees), reimbursements\n or cash payments to our sponsor, officers or directors, or our or their affiliates, for services rendered to us prior to or in connection\n with the completion of our initial business combination, including the following payments, all of which, if made prior to the completion\n of our initial business combination, will be paid from (i) funds held outside the trust account, or (ii) permitted withdrawals:

	●	Repayment of up to an aggregate of $300,000 in loans made to us by our sponsor to cover offering-related\n and organizational expenses; reimbursement for office space, utilities and secretarial and administrative support made available\n to us by our sponsor or an affiliate of our sponsor, in an amount equal to $10,000 per month;

	●	Payment of consulting, success\n or finder fees to our sponsor, officers or directors, or our or their affiliates, for services rendered to us prior to or in connection\n with the consummation of our initial business combination;

	●	Receipt by our independent directors for their services\n of an indirect interest in the founder shares through membership interests in our sponsor;

	●	We may engage one of our sponsor or an affiliate\n of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and\n pay such person or entity a salary or fee in an amount that constitutes a market standard for comparable transactions, which, if\n made prior to the completion of our initial business combination, will be paid from funds held outside the trust account;

	●	Reimbursement for any out-of-pocket expenses related\n to identifying, investigating, negotiating and completing an initial business combination; and

	●	Repayment of loans which may be made by our sponsor\n or an affiliate of our sponsor or certain of our officers and directors to finance transaction costs in connection with an intended\n initial business combination. Up to $1,500,000 of such loans may be convertible into private placement units of the post-business\n combination entity at a price of $10.00 per unit at the option of the lender. Such units would be identical to the private placement\n units. Except for the foregoing, the terms of such loans, if any, have not been determined and no written agreements exist with respect\n to such loans.

Audit committee:		We will establish and maintain an audit committee, which will be composed\n entirely of independent directors as and when required by the rules of Nasdaq and Rule 10A of the Exchange Act. Among its responsibilities,\n the audit committee will review on a quarterly basis all payments that were made to our sponsor, officers or directors, or our or\n their affiliates and monitor compliance with the other terms relating to this offering. If any noncompliance is identified, then\n the audit committee will be charged with the responsibility to promptly take all action necessary to rectify such noncompliance or\n otherwise to cause compliance with the terms of this offering. For more information, see the section entitled “Management -\n Committees of the Board of Directors - Audit Committee.”

Conflicts of Interest:		Each of our officers and directors presently has, and any of them in the future may have additional,\n fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is\n or will be required to present a business combination opportunity to such entities. Accordingly, if any of our officers or directors\n becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then current fiduciary\n or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such business combination\n opportunity to such other entity, subject to their fiduciary duties under Cayman Islands law (unless such opportunity was presented\n to such individuals in his or her capacity as an officer or director of our company).

		Our amended and restated memorandum and articles of association provide that,\n to the fullest extent permitted by law: (i) no individual serving as a director or an officer shall have any duty, except and to\n the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities\n or lines of business as us, and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate\n in, any potential transaction or matter which (a) may be a corporate opportunity for any director or officer, on the one hand, and\n us, on the other or (b) the presentation of which would breach an existing legal obligation of a director or officer to any other\n entity. As a result, the fiduciary duties or contractual obligations of our officers or directors could materially affect our ability\n to complete our initial business combination.

		Our sponsor, officers or directors may sponsor or form other SPACs similar to ours or may pursue\n other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our\n sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities\n to us or to any other SPAC or other business or investment venture with which are, or they may become involved.

		Any such companies, businesses or investments may present additional conflicts of interest in\n pursuing an initial business combination target. Accordingly, if any of our officers or directors becomes aware of a business combination\n opportunity which is suitable for one or more entities to which he or she has fiduciary, contractual or other obligations or duties,\n he or she may honor these obligations and duties to present such business combination opportunity to such other entities first. It\n is the intention that they will first present to us any potential business combination opportunities suitable for a SPAC prior to\n any similar entity (subject to any future obligations or duties) unless such opportunity is presented to them in their capacity as\n an officer or director of such other entity or if such other special purpose entity has a different capitalization size or target\n focus. Such other fiduciary duties or contractual obligations of our officers or directors could materially affect our ability to\n complete our initial business combination.

		Our executive officers and our directors may have interests that differ from you in connection\n with the business combination, including the fact that they may lose their entire investment in us if our initial business combination\n is not completed, except to the extent they receive liquidating distributions from assets outside the trust account, or are entitled\n to receive liquidating distributions from the trust account in the event they choose to purchase public shares, and accordingly,\n may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate\n our initial business combination.

		In the event our sponsor or members of our management team provide loans to us to finance transaction costs\n and/or incur expenses on our behalf in connection with an initial business combination, such persons may have a conflict of interest\n in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination\n as such loans may not be repaid and/or such expenses may not be reimbursed unless we consummate such business combination.

		Upon the consummation of our initial business combination, we will repay up to an aggregate\n of $300,000 in loans made to us by our sponsor to cover offering-related and organizational expenses. Similarly, if we agree to pay\n our sponsor or a member of our management team a finder’s fee, advisory fee, consulting fee or success fee in order to effectuate\n the completion of our initial business combination, such persons may have a conflict of interest in determining whether a particular\n target business is an appropriate business with which to effectuate our initial business combination as any such fee may not be paid\n unless we consummate such business combination.

		We are not prohibited from pursuing an initial business combination with\n a company that is affiliated with our sponsor, officers, directors, or advisors; accordingly, such affiliated person(s) may have\n a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our\n initial business combination as such affiliated person(s) would have interests different from our public shareholders and would likely\n not receive any financial benefit unless we consummated such business combination. In the event we seek to complete our initial business\n combination with a company that is affiliated (as defined in our amended and restated memorandum and articles of association) with\n our sponsor (including its members), officers or directors, we, or a committee of independent directors, will obtain an opinion from\n an independent investment banking firm or another independent entity that commonly renders valuation opinions, stating that the consideration\n to be paid by us in such an initial business combination is fair to our company from a financial point of view. We are not required\n to obtain such an opinion in any other context.

Indemnity by the sponsor in the event of\n liquidation without a business combination		Our sponsor has agreed that it will be liable to us if and to the extent any claims by a third\nparty for services rendered or products sold to us, or a prospective target business with which we have entered into a written letter\nof intent, confidentiality or other similar agreement or business combination agreement (except for the Company’s independent\nregistered public accounting firm), reduce the amount of funds in the trust account to below the lesser of (i) $10.10 per public\nshare and (ii) the actual amount per public share held in the trust account as of the date of the liquidation of the trust account,\nif less than $10.10 per share due to reductions in the value of the trust assets, in each case net of taxes, if any, and up to $100,000\nof dissolution expenses, provided that such liability will not apply to any claims by a third party or prospective target business\nwho executed a waiver of any and all rights to the monies held in the trust account (whether or not such waiver is enforceable) nor\nwill it apply to any claims under our indemnity of the underwriters of this offering against certain liabilities, including liabilities\nunder the Securities Act. However, we have not asked our sponsor to reserve for such indemnification obligations, nor have we independently\nverified whether our sponsor has sufficient funds to satisfy their indemnity obligations and we believe that our sponsor’s\nonly assets are securities of our company. Therefore, we cannot assure you that our sponsor would be able to satisfy those obligations.\nAs a result, if any such claims were successfully made against the trust account, the funds available for our initial business combination\nand redemptions could be reduced to less than $10.10 per public share.

Public shares		15,000,000
Private placement shares underlying the private placement\n units		662,500
Founder shares		5,000,000
Total shares		20,662,500
Total funds in trust available for initial business combination\n (after deferred underwriting fee)	$	145,500,000
Public\n shareholders’ investment per Class A ordinary share⁽¹⁾	$	10.00
Sponsor’s\n investment per Class B ordinary share⁽²⁾	$	0.005
Initial implied value per public share	$	10.10
Implied\n value per share upon consummation of initial business combination⁽³⁾	$	7.04

	Without Over-allotment \n Option			Over-allotment Option \n Exercised
Gross proceeds
Gross\n proceeds from units offered to public⁽¹⁾	$	150,000,000			$	172,500,000
Gross\n proceeds from private placement units offered in the private placement⁽²⁾	$	6,625,000			$	7,300,000
Total gross proceeds	$	156,625,000			$	179,800,000
*Offering\n expenses⁽³⁾*
Underwriting\n commissions (2.00% of gross proceeds from units offered to public, excluding deferred portion)⁽⁴⁾	$	3,000,000			$	3,450,000
Legal fees and expenses	$	325,000			$	325,000
Printing and engraving expenses	$	25,000			$	25,000
Trustee fees and expenses	$	30,000			$	30,000
Accounting fees and expenses	$	50,000			$	50,000
SEC/FINRA expenses	$	80,000			$	80,000
Travel and road show expenses	$	10,000			$	10,000
Nasdaq listing fees	$	80,000			$	80,000
Miscellaneous⁽⁵⁾	$	200,000			$	200,000
Total offering expenses (other than underwriting commissions)	$	800,000			$	800,000
Proceeds after offering expenses	$	152,825,000			$	175,550,000
Held\n in trust account⁽⁴⁾	$	151,500,000			$	174,225,000
% of public offering size		101.00	%			101.00	%
Not held in trust account	$	1,325,000			$	1,325,000

	Amount		% of Total
Legal, accounting,\n due diligence, travel, and other expenses in connection with any business combination	$	220,000		16.6	%
Legal and accounting fees related to regulatory reporting\n obligations	$	200,000		15.1	%
Nasdaq and other regulatory fees	$	85,000		6.4	%
Reimbursement for office space\n and administrative support⁽⁶⁾	$	120,000		9.1	%
Directors’ and officers’ liability insurance	$	200,000		15.1	%
Working capital to cover miscellaneous	$	500,000		37.7	%
Total	$	1,325,000		100	%

As\n of June 30, 2026
Offering\n \n Price of \n $10.00 per \n Unit		25%\n of Maximum \n Redemption			50%\n of Maximum \n Redemption		75%\n of Maximum \n Redemption	Maximum\n \n Redemption
Adjusted\n \n NTBVPS		Adjusted\n \n NTBVPS			Difference\n \n between \n Adjusted \n NTBVPS \n and \n Offering \n Price		Adjusted\n \n NTBVPS	Difference\n \n between \n Adjusted \n NTBVPS \n and \n Offering \n Price		Adjusted\n \n NTBVPS			Difference\n \n between \n Adjusted \n NTBVPS \n and \n Offering \n Price		Adjusted\n \n NTBVPS	Difference\n \n between \n Adjusted \n NTBVPS \n and \n Offering \n Price
Assuming\n Full Exercise of Over-Allotment Option
$	7.11		$	6.53		$	3.47	$	5.63		$	4.37		$	4.00	$	6.00	$	0.21	$	9.79
	Assuming\n No Exercise of Over-Allotment Option
$	7.10		$	6.52		$	3.48	$	5.62		$	4.38		$	3.99	$	6.01	$	0.21	$	9.79

	As of June 30, 2026
	25% of Maximum Redemption			50% of Maximum Redemption			75% of Maximum Redemption		100% of Maximum Redemption
	No Over- Allotment			Full Over- Allotment			No Over- Allotment		Full Over- Allotment		No Over- Allotment			Full Over- Allotment			No Over- Allotment		Full Over- Allotment
Public offering price	$	10.00			$	10.00		$	10.00		$	10.00			$	10.00		$	10.00		$	10.00		$	10.00
Net tangible book value deficit before this offering		(0.01	)			(0.01	)		(0.01	)		(0.01	)			(0.01	)		(0.01	)		(0.01	)		(0.01	)
Increase attributable to public shareholders	$	6.53				6.54			5.63			5.64				4.00			4.01			0.22			0.22
Pro forma net tangible book value after this offering	$	6.52				6.53			5.62			5.63				3.99			4.00			0.21			0.21
Dilution to public shareholders	$	3.48				3.47			4.38			4.37				6.01			6.00			9.79			9.79
*% Dilution to public shareholders*		34.80	%			34.70	%		43.80	%		43.70	%			60.10	%		60.00	%		97.90	%		97.90	%

Net tangible book value	$	(46,311	)			(46,311	)		(46,311	)		(46,311	)			(46,311	)		(46,311	)		(46,311	)		(46,311	)

Numerator:
Net tangible book value deficit before this offering	$	(46,311	)			(46,311	)		(46,311	)		(46,311	)			(46,311	)		(46,311	)		(46,311	)		(46,311	)
Net proceeds from this offering and the sale of private placement units⁽¹⁾	$	152,825,000				175,550,000			152,825,000			175,550,000				152,825,000			175,550,000			152,825,000			175,550,000
Plus: Offering costs accrued for or paid in advance, excluded from tangible book value	$	52,500				52,500			52,500			52,500				52,500			52,500			52,500			52,500
Less: Overallotment liability	$	(134,700	)			—			(134,700	)		—				(134,700	)		—			(134,700	)		—
Less: Deferred underwriting commission	$	(4,500,000	)			(5,175,000	)		(3,000,000	)		(3,450,000	)			(1,500,000	)		(1,725,000	)		—			—
Less: Redemptions	$	(37,875,000	)			(43,556,250	)		(75,750,000	)		(87,112,500	)			(113,625,000	)		(130,668,750	)		(151,500,000	)		(174,225,000	)
Total	$	110,321,489				126,824,939			73,946,489			84,993,689				37,571,489			43,162,439			1,196,489			1,331,189

Denominator:
Ordinary shares outstanding prior to this offering		5,750,000				5,750,000			5,750,000			5,750,000				5,750,000			5,750,000			5,750,000			5,750,000
Ordinary shares forfeited if over-allotment is not exercised		(750,000	)			-			(750,000	)		-				(750,000	)		-			(750,000	)		-
Ordinary shares offered		15,000,000				17,250,000			15,000,000			17,250,000				15,000,000			17,250,000			15,000,000			17,250,000
Private Placement shares		662,500				730,000			662,500			730,000				662,500			730,000			662,500			730,000
Less: Ordinary shares redeemed		(3,750,000	)			(4,312,500	)		(7,500,000	)		(8,625,000	)			(11,250,000	)		(12,937,500	)		(15,000,000	)		(17,250,000	)
Total		16,912,500				19,417,500			13,162,500			15,105,000				9,412,500			10,792,500			5,662,500			6,480,000

	June\n 30, 2026
	Actual			As Adjusted
Notes\n payable to related party⁽¹⁾	$	—			—
Due\n to related party		31,311			—
Deferred underwriting\n commissions		—			6,000,000
Class\n A ordinary shares, subject to possible redemption, 0 and 15,000,000 shares which are subject to possible redemption, actual and as\n adjusted, respectively⁽²⁾		—			151,500,000
Over-allotment\n liability⁽³⁾		—			134,700
Preference shares,\n $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding, actual and as adjusted		—			—
Class A ordinary\nshares, $0.0001 par value, 500,000,000 shares authorized; 0 and 662,500 shares issued and outstanding, actual and as adjusted, respectively		—			66
Class\n B ordinary shares, $0.0001 par value, 50,000,000 shares authorized, 5,750,000 and 5,000,000 shares issued and outstanding, actual\n and as adjusted, respectively⁽⁴⁾		575			500
Additional paid-in\n capital		24,425			—
Accumulated\n deficit		(18,811	)		(4,804,077	)
Total\n shareholders’ equity (deficit)	$	6,189			(4,803,511	)
Total\n capitalization	$	37,500			152,831,189

Entity/Individual	Amount\n of Compensation to be Received or Securities Issued or to be Issued	Consideration\n Paid or to be Paid
Essential\n Minerals Sponsor LLC or an affiliate of Essential Minerals Sponsor LLC	$10,000 per month	Office space, administrative and shared personnel\n support services

	5,750,000 Class B ordinary shares (of which 750,000\n are subject to forfeiture)	$25,000

	475,000 private placement units to be purchased\nsimultaneously with the closing of this offering (or up to 514,375 private placement units if the underwriters’ over-allotment\noption is exercised in full)	$4,750,000 (or up to $5,143,750) if the underwriters’\nover-allotment option is exercised in full)

	Up to $300,000 in loans	Repayment of loans made to us to cover offering\n related and organizational expenses

	Private units of the post-business combination entity,\n which may be issued upon conversion of up to $1,500,000 in working capital loans (borrowed from our sponsor or an affiliate of our\n sponsor), at a price of $10.00 per unit at the option of the lender	Working capital loans to finance transaction costs\n in connection with an initial business combination

	Reimbursement for any out-of-pocket expenses related\n to identifying, investigating and completing an initial business combination	Services in connection with identifying, investigating\n and completing an initial business combination

Holders\n of Class B ordinary shares	Anti-dilution protection upon conversion into Class\n A ordinary shares at a greater than one-to-one ratio	Issuance of the Class A ordinary shares issuable\n in connection with the conversion of the founder shares on a greater than one-to-one basis upon conversion

Sponsor,\n our officers, directors, or our or their affiliates	Finder’s fees, advisory fees, consulting fees,\n success fees	Any services in order to effectuate the completion\n of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held\n outside the trust account

Sponsor\n or its affiliates	Salary or fee in an amount that constitutes a market\n standard for comparable transactions in connection with our initial business combination	Services in connection with identifying, investigating\n and completing an initial business combination which, if made prior to the completion of our initial business combination, will be\n paid from funds held outside the trust account