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

We have neither engaged in any operations nor generated any operating revenues to date. Our only activities from September 5, 2025 (inception) through MarchJune 31,30, 2026 were organizational activities and those necessary to prepare for the Initial Public Offering, described below. We do not expect to generate any operating revenues until after the completion of our initial Business Combination, at the earliest. We expect to generate non-operating income in the form of interest income on marketable securities held after the Initial Public Offering. We expect that we will incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection with searching for, and completing, a Business Combination.

For the three months ended MarchJune 31,30, 2026, we had had net income of $1,688,089,$2,572,139, which consisted of earnings on marketable securities held in a trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee (the “Trust Account”), of $2,562,056, and interest income asof offset$6,060, byand formation, general, general, and administrative expenses.expenses of $(4,023).

For the threesix months ended MarchJune 31,30, 2026, net cash cash used in operating activities was $582,422.$653,325. Net income of $1,688,089$4,260,228 was adjusted for earnings on marketable securities held in Trust Account Account of $2,104,263.$4,666,319. Changes in operating assets and liabilities used $166,248$247,234 of cash for operating activities primarily due to increases in in prepaid insuranceexpense of $101,450,$133,347 and non-current prepaid insuranceexpense of $53,223,$34,993, and a decrease in due to related party of $221,936,$197,286, offset by increases in accounts payable of $29,763$28,383 and accrued expenses $180,598.of $90,009.

For the threesix months ended MarchJune 31,30, 2026, cash used used in investing activities was $287,500,000, which was cash deposited in Trust Account of $287,500,000.

For the threesix months ended MarchJune 31,30, 2026, net cash cash provided by financing activities was 288,852,782,$288,852,782, which was due to proceeds from sale of Units net of underwriting fees and reimbursement paid of $287,225,000, proceeds from sale of Private Placement Units of $1,988,200, proceeds from sale of Private Placement Warrants of $11,800, partially offset by payment of offering costs of $372,218.

We have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of MarchJune 31,30, 2026. We do not participate in transactions that create relationships relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements, arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

The preparation of unaudited condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements, and income and expenses during the periods reported. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could materially differ from those estimates. As of MarchJune 31,30, 2026, we did not have any critical accounting estimates to be disclosed.