LEGO 10-K & 10-Q changes, risk factors and insider trading

We have neither engaged in any operations nor generated any revenues to date. Our only activities through FebruaryMay 28,31, 2026 were organizational activities and those necessary to prepare for the Initial Public Offering. We do not expect to generate any operating revenues until after the completion of our Business Combination, at the earliest. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three and sixnine months ended FebruaryMay 28,31, 2026, we had a net income of $686,816$1,788,263 and $653,061,$2,441,324, respectively, which consisted of interest income and miscellaneous income of $743,382 $2,079,431 and $743,367$2,822,899 (for the three months ended FebruaryMay 28,31, 2026, $738,005$2,063,568 interest income from the trust account and $15,863 interest income from the operating account, and for the nine months ended May 31, 2026, $2,801,573 interest income from the trust account, $5,130$21,079 interest income from the operating account, and $247 in miscellaneous income, and for the six months ended February 28, 2026, $738,004 interest income from the trust account, $5,216 interest income from the operating account, and $247 of miscellaneous income), offset by operating expenses of $56,566$291,168 and $90,406, $381,575, respectively.

As of FebruaryMay 28,31, 2026, the Company had $2,207,369 $2,427,888 in cash and working capital of $2,389,078.$2,613,773.

The Company intends to use substantially all of the funds held in the Trust Account (excluding deferred underwriting commissions) to acquire a target business or businesses and to pay its expenses relating thereto. To the extent that the Company’s securities are used in whole or in part as consideration to affect the Business Combination, the remaining proceeds held in the Trust Account as well as any other net proceeds not expended will be used as working capital to finance the operations of the target business or businesses. In addition, in order to finance transaction costs in connection with a Business Combination, the Insiders or their affiliates may, but are not obligated to, provide the Company Working Capital Loans (as defined in Note 5). As of FebruaryMay 28,31, 2026, there were no amounts outstanding under any Working Capital Loan.

We did not have any off-balance sheet arrangements as of FebruaryMay 28,31, 2026.

The Company presently occupies office space provided by an entity controlled by Crescendo Advisors II, LLC. Such entity has agreed that until the Company consummates a Business Combination, it will make such office space, as well as general and administrative services including utilities and administrative support, available to the Company as may be required by the Company from time to time. The Company pays an aggregate of $25,000 per month to Crescendo Advisors II, LLC, an entity controlled by a related party, for such services commencing on January 22, 2026, the date company’s Initial Public Offering, was declared effective. For the three and sixnine months ended FebruaryMay 28,31, 2026, the Company incurred and paid the affiliate $33,064.$100,000 and $133,700 respectively.

The Company pays the Chief Executive Officer and Chief Financial Officer $5,000 per month for serving in such capacities. For the three and sixnine months ended FebruaryMay 28,31, 2026, the Company incurred and paid each of the officers $13,226.$15,000 and $21,613, respectively.

At FebruaryMay 28,31, 2026, the note balance of $94,225 outstanding outstanding under these promissory notes was repaid and borrowings under the note are no longer available.

In order to finance transaction costs in connection with a Business Combination, the holders of the Founder Shares, the Company’s officers and directors or their affiliates may, but are not obligated to, loan the Company funds from time to time or at any time, as may be required (“Working Capital Loans”). Each Working Capital Loan would be evidenced by a promissory note. The Working Capital Loans would either be paid upon consummation of a Business Combination, without interest, or, at the holder’s discretion, up to $1,500,000 of the notes may be converted into units at a price of $10.00 per unit. These units would be identical to the Private Units. In the event that a Business Combination does not close, the Company may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. As of FebruaryMay 28,31, 2026, no Working Capital Loans were outstanding.