# EDGAR Filing Document

**Accession Number:** 0002059033
**File Stem:** 0001213900-25-057761
**Filing Date:** 2025-6
**Character Count:** 51154
**Document Hash:** ccd66f8bb30c4716eafe3a9184d43974
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-057761.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001213900-25-057761

**CONFORMED SUBMISSION TYPE**: S-1/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIGX Capital Acquisition Corp.
- **CENTRAL INDEX KEY:** 0002059033
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287453
- **FILM NUMBER:** 251073453

**BUSINESS ADDRESS:**
- **STREET 1:** 428 GREENWOOD BEACH RD
- **CITY:** TIBURON
- **STATE:** CA
- **ZIP:** 94920
- **BUSINESS PHONE:** 4153831464

**MAIL ADDRESS:**
- **STREET 1:** 428 GREENWOOD BEACH RD
- **CITY:** TIBURON
- **STATE:** CA
- **ZIP:** 94920

#### As filed with the U.S. Securities and Exchange Commission on June 25, 2025 .

#### Registration No. 333-287453

#### UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549

#### _______________________________

#### AMENDMENT NO. 3 <br>TO <br>FORM S-1<br>REGISTRATION STATEMENT<br>UNDER<br>THE SECURITIES ACT OF 1933

#### _______________________________

#### FIGX Capital Acquisition Corp.
(Exact name of registrant as specified in its charter)

#### _______________________________

---

| | | |
|:---|:---|:---|
|  **Cayman Islands** | **6770** | **N/A** |
|  (State or other jurisdiction of <br>incorporation or organization) | (Primary Standard Industrial <br>Classification Code Number) | (I.R.S. Employer <br>Identification Number) |

---

#### 428 Greenwood Beach Road <br>Tiburon, CA 94920 <br>(415) 383-1464<br> (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

#### _______________________________
**Louis Gerken<br>Chief Executive Officer<br>428 Greenwood Beach Road <br>Tiburon, CA 94920<br>(415) 383-1464 <br>(Name, address, including zip code, and telephone number, including area code, of agent for service)**

*Copies to:*

---

| | |
|:---|:---|
|  **Barry I. Grossman <br>Lijia Sanchez <br>Ellenoff Grossman & Schole LLP <br>1345 Avenue of the Americas, 11**<sup>th</sup> **Floor <br>New York, New York 10105 <br>(212) 370**-1300 | **Kevin Manz <br>King & Spalding LLP <br>1185 Avenue of the Americas, <br>34**<sup>th</sup> **Floor <br>New York, NY 10036 <br>(212) 556**-2100 |

---

**_______________________________**

**Approximate date of commencement of proposed sale to the public:** As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

<u> Large accelerated filer </u>   <u> ☐ </u>   <u> Accelerated filer </u>   <u> ☐ </u> <br> <u> Non-accelerated filer </u>   <u> ☒ </u>   <u> Smaller reporting company </u>   <u> ☒ </u> <br>         <u> Emerging growth company </u>   <u> ☒ </u>

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.**

------

#### EXPLANATORY NOTE
**FIGX Capital Acquisition Corp is filing this Amendment No. 3 (this "Amendment") to its Registration Statement on Form S**-1 **(File No. 333**-287453**) (the "Registration Statement") as an exhibit**-only **filing to file Exhibit 5.2. Accordingly, this Amendment consists only of the facing page, this explanatory note, Item 16 of Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibit. The remainder of the Registration Statement is unchanged and has been omitted.**

------

#### Part II

#### Information not required in prospectus

#### Item 13. Other Expenses of Issuance and Distribution.
The estimated expenses payable by us in connection with the offering described in this registration statement (other than the underwriting discount and commissions) will be as follows:

---

| | |
|:---|:---|
|  Legal fees and expenses | 325000 |
|  Printing and engraving expenses | 25000 |
|  Accounting fees and expenses | 55000 |
|  SEC/FINRA expenses | 72418 |
|  Travel and road show expenses | 10000 |
|  Miscellaneous | 327282 |
|  **Total** | $**814700** |

---

#### Item 14. Indemnification of Directors and Officers.
Cayman Islands law does not limit the extent to which a company's memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against willful default, willful neglect, actual fraud or the consequences of committing a crime. Our amended and restated memorandum and articles of association will provide for indemnification of our officers and directors to the maximum extent permitted by law, including for any liability incurred in their capacities as such, except through their own actual fraud, willful default or willful neglect. We will enter into agreements with our directors and officers to provide contractual indemnification in addition to the indemnification provided for in our amended and restated memorandum and articles of association. We expect to purchase a policy of directors' and officers' liability insurance that insures our officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and directors.

Our officers and directors have agreed to waive any right, title, interest or claim of any kind in or to any monies in the trust account, and have agreed to waive any right, title, interest or claim of any kind they may have in the future as a result of, or arising out of, any services provided to us and will not seek recourse against the trust account for any reason whatsoever (except to the extent they are entitled to funds from the trust account due to their ownership of public shares). Accordingly, any indemnification provided will only be able to be satisfied by us if (i) we have sufficient funds outside of the trust account or (ii) we consummate an initial business combination.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 15. *Recent Sales of Unregistered Securities.***

On February 27, 2025, FIGX Acquisition Partners LLC, our sponsor, paid $25,000, or approximately $0.006 per share, to cover certain of our offering costs in exchange for 3,877,118 from registration contained in Section 4(a)(2) of the Securities Act. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 15,065,000 units if the underwriters' over-allotment option is exercised in full and therefore that such founder shares would represent 20% of the outstanding shares after this offering (not including the Class A ordinary shares comprising part of the private placement units). Up to 491,250 of these shares will be surrendered for no consideration depending on the extent to which the underwriters' over-allotment option is exercised.

Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D. Each of the equity holders in our sponsor is an accredited investor under Rule 501 of Regulation D. The sole business of our sponsor is to act as the company's sponsor in connection with this offering.

Our sponsor and Cantor, the representative of the underwriters, have committed, pursuant to written agreements, to purchase from us an aggregate of 443,470 private placement units (whether or not the underwriters' over-allotment option is exercised in full) at $10.00 per unit (for an aggregate purchase price of $4,434,700 in a private placement that will close simultaneously with the closing of this offering. Of those 443,470 private placement units, our sponsor has agreed to purchase 312,470 private placement units and Cantor has agreed to purchase 131,000 private placement units. These purchases will take place on a private placement basis simultaneously with the completion of our initial public offering. This issuance will be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

No underwriting discounts or commissions were paid with respect to such sales.

**Item 16. *Exhibits and Financial Statement Schedules.***

#### Exhibit Index

---

| | |
|:---|:---|
|  **Exhibit No.** | **Description** |
|  1.1\*\* | [Form of Underwriting Agreement.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex1-1_figx.htm) |
|  3.1.1\*\* | [Memorandum of Association of the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025046144/ea023599602ex3-1i_figx.htm) |
|  3.1.2\*\* | [Articles of Association of the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025046144/ea023599602ex3-1ii_figx.htm) |
|  3.2\*\* | [Form of Amended and Restated Memorandum and Articles of Association of the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025056573/ea023599606ex3-2_figx.htm) |
|  4.1\*\* | [Form of Specimen Unit Certificate.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex4-1_figx.htm) |
|  4.2\*\* | [Form of Specimen Class A Ordinary Share Certificate.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex4-2_figx.htm) |
|  4.3\*\* | [Form of Specimen Public Warrant Certificate.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex4-3_figx.htm) |
|  4.4\*\* | [Form of Warrant Agreement between Continental Stock Transfer & Trust Company and the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025046144/ea023599602ex4-4_figx.htm) |
|  5.1\*\* | [Opinion of Ellenoff Grossman & Schole LLP.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025056573/ea023599606ex5-1_figx.htm) |
|  5.2\* | [Opinion of Carey Olsen, Cayman Islands counsel to the Registrant.](ea023599607ex5-2_figx.htm) |
|  10.1\*\* | [Form of Letter Agreement among the Registrant, FIGX Acquisition Partners LLC and each of the officers and directors of the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-1_figx.htm) |
|  10.2\*\* | [Form of Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-2_figx.htm) |
|  10.3\*\* | [Form of Registration Rights Agreement among the Registrant, FIGX Acquisition Partners LLC and the Holders signatory thereto.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-3_figx.htm) |
|  10.4\*\* | [Form of Private Placement Units Purchase Agreement between the Registrant and FIGX Acquisition Partners LLC](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-4_figx.htm) |
|  10.5\*\* | [Form of Private Placement Units Purchase Agreement between the Registrant and Cantor.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-5_figx.htm) |
|  10.6\*\* | [Form of Indemnity Agreement.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-6_figx.htm) |
|  10.7\*\* | [Promissory Note issued to FIGX Acquisition Partners LLC.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025046144/ea023599602ex10-7_figx.htm) |
|  10.8\*\* | [Securities Subscription Agreement between FIGX Acquisition Partners LLC and the Registrant.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025046144/ea023599602ex10-8_figx.htm) |
|  10.9\*\* | [Form of Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex10-9_figx.htm) |
|  14.1\*\* | [Form of Code of Ethics.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex14-1_figx.htm) |
|  23.1\*\* | [Consent of WithumSmith+Brown, PC.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025056573/ea023599606ex23-1_figx.htm) |
|  23.2\*\* | [Consent of Ellenoff Grossman & Schole LLP (included on Exhibit 5.1).](http://www.sec.gov/Archives/edgar/data/2059033/000121390025056573/ea023599606ex5-1_figx.htm) |
|  23.3\* | [Consent of Carey Olsen (included on Exhibit 5.2).](ea023599607ex5-2_figx.htm) |
|  24.1\*\* | [Power of Attorney (included on the signature page of the initial filing).](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea0235996-04.htm#T301) |
|  99.1\*\* | [Form of Audit Committee Charter.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex99-1_figx.htm) |
|  99.2\*\* | [Form of Compensation Committee Charter.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex99-2_figx.htm) |
|  99.3\*\* | [Consent of Dr. Russell Read to be named as director nominee.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex99-3_figx.htm) |
|  99.4\*\* | [Consent of Real Desrochers to be named as director nominee.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex99-4_figx.htm) |
|  99.5\*\* | [Consent of Pierre Sauvagnat to be named as director nominee.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025054993/ea023599604ex99-5_figx.htm) |
|  107\*\* | [Filing Fee Table.](http://www.sec.gov/Archives/edgar/data/2059033/000121390025046144/ea023599602ex-fee_figx.htm) |

---

____________

**\* Filed herewith.**

**\*\* Previously filed.**

**Item 17. *Undertakings.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreement, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The undersigned registrant hereby undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) For the purpose of determining liability under the Securities Act of 1933 of any purchaser, if the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) For the purpose of determining liability of a registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of an undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by an undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

#### Signatures
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Tiburon, California, on the 25<sup>th</sup> day of June, 2025.

---

| | |
|:---|:---|
|  **FIGX Capital Acquisition Corp.** | **FIGX Capital Acquisition Corp.** |
|  By: | /s/ Louis Gerken |
|  Name: | Louis Gerken |
|  Title: | Chief Executive Officer |

---

---

| | | |
|:---|:---|:---|
|  **Name** | **Position** | **Date** |
|  /s/ Louis Gerken | Chief Executive Officer and Director | June 25, 2025 |
|  Lou Gerken | (principal executive officer) |  |
|  /s/ Mike Rollins | Chief Financial Officer | June 25, 2025 |
|  Mike Rollins | (principal financial and accounting officer) |  |
|  /s/ Jide James Zeitlin | Vice Chairman of the Board | June 25, 2025 |
|  Jide James Zeitlin |  |  |

---

#### Authorized representative IN THE UNITED STATES
Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, the undersigned has signed this registration statement, solely in its capacity as the duly authorized representative of FIGX Capital Acquisition Corp., in Tiburon, California, on the 25<sup>th</sup> day of June, 2025.

---

| | |
|:---|:---|
|  By: | /s/ Louis Gerken |
|  Name: | Louis Gerken |
|  Title: | Chief Executive Officer |

---

## Exhibit 5.2

**Exhibit 5.2**

Our Reference: 4267187 <br>25 June 2025

FIGX Capital Acquisition Corp.<br> c/o CO Services Cayman Limited<br> Willow House, Cricket Square<br> PO Box 10008<br> Grand Cayman KY1-1001<br> Cayman Islands<br>

---

| |
|:---|
| Dear Sirs and Mesdames |
| **FIGX Capital Acquisition Corp. (the "Company")** |

---

1. Background

We have acted as counsel as to Cayman Islands law to the Company in connection with the Company's registration statement on Form S-1, including all amendments or supplements thereto, filed with the United States Securities and Exchange Commission (the "**Commission**") under the United States Securities Act of 1933, as amended (the "**Act**") (including its exhibits, the "**Registration Statement**") for the purposes of, registering with the Commission under the Act, the offering and sale to the public of:

(a) up to 15,065,000 units (including 1,965,000 units, which the underwriters, for whom Cantor Fitzgerald
& Co. are acting as representatives ()"**Representatives** "), will have a 45-day option to purchase from the Company
to cover over-allotments, if any) ()"**Units**") at an offering price of US$10 per Unit, each Unit consisting of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) one Class A ordinary share of a par value of US$0.0001 of the Company ("**Ordinary Shares**"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) one-half of one redeemable warrant, each whole warrant exercisable to purchase one Ordinary Share at a price of US$11.50 per Ordinary Share ("**Warrants**"); and

"Carey Olsen" in the Cayman Islands is the business name of Carey Olsen Cayman Limited, a body corporate recognised under the Legal Practitioners (Incorporated Practice) Regulations (as revised). The use of the title "Partner" is merely to denote seniority. Services are provided on the basis of our current terms of business, which can be viewed at: http://www.careyolsen.com/terms-business. CO Services Cayman Limited is regulated by the Cayman Islands Monetary Authority as the holder of a corporate services licence (No. 624643) under the Companies Management Act (as revised).

---

| | |
|:---|:---|
| ![](ex5-2_002.jpg) | ![](ex5-2_003.jpg) |

---

(b) all Ordinary Shares and Warrants issued as part of the Units.

This opinion letter is given in accordance with the terms of the Legal Matters section of the Registration Statement.

Capitalised terms used in this Opinion shall have the meanings ascribed to them in this Opinion and/or the Schedules.

2. Scope of Opinion

This Opinion is given only on the laws of the Cayman Islands in force at the date hereof and is based solely on matters of fact known to us at the date hereof. We have not investigated the laws or regulations of any jurisdiction other than the Cayman Islands (collectively, "**Foreign Laws**"). We express no opinion as to matters of fact or, unless expressly stated otherwise, the veracity of any representations or warranties given in or in connection with any of the documents set out in Schedule 1. The Resolutions are the only corporate authorities related to the offering passed on or before the date of this Opinion.

3. Documents Reviewed and Enquiries Made

In giving this Opinion we have reviewed originals, copies, conformed copies, certified copies or notarised copies of the documents set out in Schedule 1.

4. Assumptions and Qualifications

This Opinion is given on the basis that the assumptions set out in Schedule 2 (which we have not independently investigated or verified) are true, complete and accurate in all respects. In addition, this Opinion is subject to the qualifications set out in Schedule 3.

5. Opinions

We are of the opinion that:

5.1 **Due incorporation, existence and status** 

The Company has been duly incorporated as an exempted company with limited liability under the Companies Act (as revised) of the Cayman Islands (the "**Companies Act**"), is validly existing and was, at the date of the Certificate of Good Standing, in good standing with the Registrar.

5.2 **Issuance of Securities** 

The Ordinary Shares, including the Ordinary Shares issuable upon exercise of the Warrants, to be offered and issued by the Company as contemplated by the Registration Statement have been duly authorised for issue, and when issued by the Company against payment in full of the consideration as set out in the Registration Statement and in accordance with the terms set out in the Registration Statement, such Ordinary Shares will be validly issued, fully paid and non-assessable. As a matter of Cayman Islands law, a share is only issued when it has been entered in the register of members (shareholders).

5.3 **Legal validity** 

The execution and delivery of the Unit Certificate and the Warrant Documents, and the performance by the Company of its obligation thereunder, have been authorised by the Company and, once the Unit Certificate and the Warrant Documents have been executed and unconditionally delivered by any director or officer of the Company, the Unit Certificate and the Warrant Documents will have been executed and delivered on behalf of the Company and will constitute the legal, valid and binding obligations of the Company enforceable in accordance with their terms.

6. Reliance

Except as specifically referred to in this Opinion we have not examined, and give no opinion on, any contracts, instruments or other documents (whether or not referred to in, or contemplated by, the Documents). We do not give any opinion on the commercial merits of any transaction contemplated or entered into under or pursuant to the Documents.

This Opinion (and any obligations arising out of or in connection with it) is given on the basis that it shall be governed by and construed in accordance with the laws of the Cayman Islands. By relying on the opinions set out in this Opinion the addressee(s) hereby irrevocably agree(s) that the courts of the Cayman Islands are to have exclusive jurisdiction to settle any disputes which may arise in connection with this Opinion. We assume no responsibility to advise any person entitled to rely on this Opinion, or to undertake any investigations, as to any change in Cayman Islands law (or its application) or factual matters arising after the date of this Opinion, which might affect the opinions set out herein.

This Opinion is addressed to, and is solely for the benefit of, the addressee(s), their counsel and the purchasers of Units pursuant to the Registration Statement, and may not be relied upon by any other person without our prior written consent; provided that, in connection therewith, we hereby consent to the filing of this Opinion as an exhibit to the Registration Statements and to the reference to our firm under the headings "Legal Matters", "Risk Factors", "Description of Securities—Certain Differences in Corporate Law" in the prospectus included in the Registration Statement. In giving this consent we do not admit that we are in the category of persons whose consent is required under Section 7 of the U.S. Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission thereunder.

Yours faithfully

/s/ Carey Olsen

**Carey Olsen**

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**SCHEDULE 1**

**DOCUMENTS REVIEWED**

**A.** **Documents Reviewed** 

1. The certificate of incorporation of the Company dated 20 February 2025 and a draft of the Amended and
Restated Memorandum and Articles of Association of the Company, filed as Exhibit 3.2 to the Registration Statement, to be in effect upon
the consummation of the sale of the Ordinary Shares (collectively, the "**Articles** ").

2. A certificate of good standing relating to the Company issued by the
Registrar of Companies of the Cayman Islands (the "**Registrar**") dated 24 June 2025 (the "**Certificate of Good Standing** ").

3. The unanimous written resolutions of the directors of the Company (the
" **Directors**") passed on 16 June 2025 and form resolutions to be adopted at the time the Registration Statement becomes
effective (together, the "**Resolutions** ").

4. The Registration Statement.

5. A draft of each of the following documents (the "**Documents** "):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the form unit certificate representing the Units (the "**Unit Certificate** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the form of the warrant agreement between the Company and Continental Stock Transfer & Trust Company
and the warrant certificate constituting the Warrants (the "**Warrant Documents** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the underwriting agreement between the Company and the Representatives (the "**Underwriting Agreement** ").

**B.** **Scope** 

The above are the only documents we have examined for the purposes of this Opinion.

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**SCHEDULE 2**

**ASSUMPTIONS**

1. The full power (including both capacity and authority), legal right and good standing of each of the parties
to the Documents (other than the Company under the laws of the Cayman Islands) to execute, date, unconditionally deliver and perform their
obligations under, and their due authorisation, execution, dating and unconditional delivery of, the Documents.

2. Each Document constitutes legal, valid and binding obligations, enforceable in accordance with their terms,
of each party to that Document under all laws other than, in the case of the Company, the laws of the Cayman Islands.

3. All authorisations, consents, filings, registrations or other requirements of governmental, judicial or
public bodies and authorities required under any law (including the laws of the Cayman Islands) for any party (other than under the laws
of the Cayman Islands, the Company) to execute, or deliver, or enforce any Document or perform any of its obligations under any Document
have been obtained, remain valid and subsisting and have been complied with.

4. The choice of governing law in each of the Documents has been freely made in good faith (for example not
made with any intention of avoiding provisions of the law with which the transactions under the Documents have the closest and most real
connection) and, where such law is a Foreign Law, would be regarded as a valid and binding selection, which will be upheld by the courts
of such jurisdiction as a matter of such governing law and all other laws (other than the laws of the Cayman Islands). There is no reason
for avoiding that choice of governing law on grounds of public policy or otherwise.

5. No invitation, whether directly or indirectly, has been made to the public in the Cayman Islands to subscribe
for the Units, Warrants or Ordinary Shares.

6. None of the Proceeds of Crime Act (as revised) of the Cayman Islands relating to money laundering, the
Misuse of Drugs Act (as revised) of the Cayman Islands relating to drug trafficking or the Terrorism Act (as revised) of the Cayman Islands
relating to the financing of terrorism is relevant to the transactions contemplated by the Documents or to any payment made or to be made
thereunder.

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7. None of the parties to the Documents are acting, or will act in a matter inconsistent with United Nations
or United Kingdom sanctions as implemented under the laws of the Cayman Islands or extended to the Cayman Islands by the Orders of His
Majesty in Council.

8. All necessary consents have been given, actions taken (other than those required pursuant to the laws
of the Cayman Islands) and conditions met or validly waived pursuant to the Documents.

9. The Company has entered into the Documents in good faith for *bona fide* commercial reasons and on
arm's length terms.

10. The conformity to the original documents of all copy documents supplied to us (whether in hard or soft
copy format).

11. The authenticity, accuracy and completeness of all documents supplied to us, whether as originals or copies.

12. The genuineness of all signatures, stamps, initials, seals, dates and markings on documents submitted
to us.

13. No Document has been amended, modified, supplemented, revoked, rescinded or terminated since the time
of its execution.

14. There is no document or other information or matter that has not been provided or disclosed to us, which
could affect the accuracy of this Opinion.

15. The Company has entered into the Documents as principal for its own account and not as agent or fiduciary.

16. No Foreign Law qualifies or affects this Opinion.

17. Words and phrases used in any documents that we have reviewed that are not governed by Cayman Islands
law have the same meanings and effect as they would have if those documents were governed by Cayman Islands law.

18. The Articles will be the memorandum and articles of association of the Company in effect at the time of
the issue of the Ordinary Shares.

19. The Resolutions will be the only corporate authorities related to the offering passed on or before the issue of the Ordinary Shares.

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20. The power and authority of the Company and the Directors have not been restricted in any way other than
as set out in the Documents, memorandum and articles of association of the Company or as arising under Cayman Islands law.

21. The Directors at the date hereof are, and at the date of the Resolutions were, as set forth in the register
of directors and officers of the Company.

22. There is no contractual or other obligation, prohibition or restriction (other than arising by operation
of the laws of the Cayman Islands or as set out in the memorandum and articles of association of the Company) which may limit the Company's
ability to enter into or perform its obligations under the Documents.

23. There is nothing in the corporate records or minute book of the Company (which we have not inspected)
which would affect this Opinion.

24. Prior to, and immediately following the execution of the Documents, each of the parties thereto was solvent
(both on a "going concern" and "balance sheet" basis) and did not enter into the Documents with the intent to
defraud any creditor, prefer one creditor over another or wilfully defeat any obligation owed to a creditor.

25. In connection with the Company's entry into and performance of its obligations contained in the
Documents, each of its authorised representatives has acted in accordance with his fiduciary and other duties to such Company under all
relevant laws (including any relevant Foreign Laws) and the applicable articles of association (including in relation to any obligation
to disclose a conflict of interest in connection therewith).

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**schedule 3**

**QUALIFICATIONS**

1. The obligations under the Documents will not necessarily be legal, valid, binding or enforceable in all
circumstances and this Opinion is not to be taken to imply that each obligation would necessarily be capable of enforcement or be enforced
in all circumstances in accordance with its terms. In particular, but without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the binding effect, validity and enforceability of obligations may be
limited by laws relating to bankruptcy, administration, insolvency, moratorium, liquidation, dissolution, re-organisation and other laws
of general application relating to, or affecting the rights of, creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) enforcement may be limited by general principles of equity. For example,
equitable remedies such as specific performance or the issuing of an injunction are available only at the discretion of the court and
may not be available where, for example, damages are considered to be an adequate alternative and we therefore express no opinion on whether
such remedies will be granted if sought;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) claims may be or become barred under the laws relating to the prescription
and limitation of actions or may become subject to the general doctrine of estoppel or waiver in relation to representations, acts or
omissions of any relevant party or may become subject to defences of set-off or counterclaim;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the courts of the Cayman Islands may not enforce contractual provisions
to the extent that the same may be illegal or contrary to public policy in the Cayman Islands (for example, a provision purporting to
indemnify or exculpate a person for an action which constitutes actual fraud or a criminal offence) or, if obligations are to be performed
in a jurisdiction outside the Cayman Islands, to the extent that such performance would be illegal or invalid or contrary to public policy
in that jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a judgment of the courts of the Cayman Islands may be required to be
made in Cayman Islands dollars;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the courts of the Cayman Islands have jurisdiction to give judgment
in the currency of the relevant obligation and statutory rates of interest will vary according to the currency of the judgment. In a liquidation
proceeding, the courts of the Cayman Islands will require all debts to be proved in a common currency, which is likely to be the "functional
currency" of the party being liquidated determined in accordance with applicable accountancy principles. Currency indemnity provisions
have not been tested, so far as we are aware, in the courts of the Cayman Islands and as such may not be enforceable;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the courts of the Cayman Islands may decline to accept jurisdiction
in an action where they determine that there is another more appropriate forum in another jurisdiction or that a court of competent jurisdiction
has already made a determination of the relevant matter or where there is litigation pending in respect thereof in another jurisdiction
or it may stay proceedings if concurrent proceedings are instituted elsewhere;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) there is a presumption that the courts of the Cayman Islands will give
effect to an exclusive jurisdiction clause in an agreement and upon application, may stay proceedings brought in the Cayman Islands or
grant an anti-suit injunction against a party that commences proceedings elsewhere where such proceedings are in breach of the exclusive
jurisdiction clause, unless a party can satisfy the courts of the Cayman Islands that it would be just and equitable to depart from that
presumption (for example, not to do so would deprive one party of access to justice);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any provision purporting to fetter any statutory power of a Cayman Islands
partnership or company (for example, a provision restricting the company's power to commence winding up, to alter its memorandum
and articles of association or to increase its share capital) may not be enforceable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) provisions that purport to require parties to reach agreement in the
future may be unenforceable for lack of certainty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) the courts of the Cayman Islands may find that a hybrid dispute resolution
clause, though generally recognised under Cayman Islands law, is unenforceable on the grounds, amongst others, that it confers concurrent
jurisdiction on an arbitral tribunal and the courts of the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) the courts of the Cayman Islands may refuse to enforce a provision that
amounts to an indemnity in respect of the costs of enforcement or of unsuccessful proceedings brought in the Cayman Islands where such
courts have already made an order to that effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) where the courts of the Cayman Islands determine that a contractual
term may be interpreted in more than one manner the courts may employ the one that is deemed to be most consistent with business and common
sense;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) it is possible that a judgment (in the Cayman Islands or elsewhere)
relating to a particular agreement or instrument would be held to supersede the terms of such agreement or instrument with the effect
that, notwithstanding any express term to the contrary in such agreement or instrument, such terms would cease to be binding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) the enforcement of contractual obligations may be limited by the provisions
of Cayman Islands law applicable to agreements or contracts held to have been frustrated by events happening after the relevant agreement
or contract was entered into; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) the enforcement of obligations may be invalidated or vitiated by reason
of fraud, duress, undue influence, mistake, illegality or misrepresentation.

2. We offer no opinion as to whether the acceptance of, or the execution or performance of, the Company's
obligations under the Documents will or may result in the breach or infringement of any other deed, contract or document entered into
by, or binding upon, such Company (other than its articles of association).

3. As a matter of Cayman Islands law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a provision for the payment of additional moneys or the forfeiture of
property or rights for breach of a contractual obligation, whether expressed by way of penalty, additional interest, liquidated damages
or otherwise, will be unenforceable if such a payment or forfeiture is held to constitute a penalty. We express no opinion as to whether
any provision constitutes a penalty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) certain terms and concepts (for example the difference between "negligence"
and "gross negligence"), though commonly used, have not yet been clearly defined by the courts of the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) written agreements are only effective from date on which they are signed
notwithstanding that they may contain an earlier stated effective or "as of" date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) notwithstanding that it is expressly stated as such, a power of attorney
or other grant of agency (including an agent for service of process) will not be irrevocable unless, as a factual matter, it is coupled
with an interest or given to secure a proprietary interest of the donee or the performance of an obligation owed to a donee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) notwithstanding that a breach of the provisions of a document has caused
or is likely to cause damage to a party thereto, or would, on the face of such document, give rise to a specified liability or consequence,
a non-breaching party may be under an obligation to take reasonable steps to mitigate any loss and the Cayman Islands courts may take
any failure to do so into account when determining whether or not to award damages or grant relief to a claimant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the courts may, in limited circumstances (primarily in relation to fiduciary-like
or long-term arrangements) imply a contractual duty of good faith on parties, notwithstanding the absence of any such express term in
a document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) only in very limited circumstances (for example, deeds poll and/or where
rights are held on trust), can a person who is not party to an agreement governed by Cayman Islands law enforce the terms of that agreement
against one or more of the parties thereto, unless such person has been expressly granted the right in the agreement to enforce such terms
pursuant to The Contracts (Rights of Third Parties) Act, 2014 of the Cayman Islands; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) a provision of an agreement that purports to impose obligations on a
person who is not party to such agreement will not be enforceable against such person.

4. We offer no opinion as to the existence or value of, or any party's interest in, any property or
assets.

5. In order to maintain an exempted company in good standing with the Registrar, annual fees must be paid
and annual filings must be made with the Registrar within the prescribed periods.

6. A provision that a calculation, determination, opinion, exercise of power or certificate will be conclusive
and binding may not be effective or enforceable if such calculation, determination, opinion, exercise of power or certificate is given
unreasonably, arbitrarily or without good faith or which is fraudulent or manifestly inaccurate and will not necessarily prevent judicial
enquiry into the merits of any claim.

7. The question of whether or not any provision of an agreement or document which is illegal, invalid, unenforceable
or void may be severed from the other provisions thereof would be determined by the courts of the Cayman Islands in its discretion.

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8. We make no comment on references to any Foreign Laws or to any representations or warranties made in any
agreement or document.

9. The effectiveness of terms releasing or exculpating any party from, or limiting or excluding, a liability
(or duty otherwise owed) may be limited by law, and confidentiality obligations may be overridden by the requirements of legal or regulatory
process or applicable law.

10. Failure to exercise a right, or any delay in such exercise, may operate as a waiver of that right notwithstanding
a provision to the contrary.

11. Under Cayman Islands law, the register of members (shareholders) is *prima facie* evidence of title
to shares and this register would not record a third party interest in such shares. However, there are certain limited circumstances where
an application may be made to a Cayman Islands court for a determination on whether the register of members reflects the correct legal
position. Further, the Cayman Islands court has the power to order that the register of members maintained by a company should be rectified
where it considers that the register of members does not reflect the correct legal position. As far as we are aware, such applications
are rarely made in the Cayman Islands and for the purposes of the opinion given in paragraph 5.2, there are no circumstances or matters
of fact known to us on the date of this opinion letter which would properly form the basis for an application for an order for rectification
of the register of members of the Company, but if such an application were made in respect of the Ordinary Shares, then the validity of
such shares may be subject to re-examination by a Cayman Islands court.

12. In this opinion letter, the phrase "non-assessable" means, with respect to the issuance of
shares, that a shareholder shall not, in respect of the relevant shares and in the absence of a contractual arrangement, or an obligation
pursuant to the memorandum and articles of association, to the contrary, have any obligation to make further contributions to the Company's
assets (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper
purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

13. We express no opinion on any provision in any agreement or document requiring written amendments and waivers
thereof insofar as it suggests that all or other modifications, amendments or waivers could not be effectively agreed upon or granted
by or between the parties. It is likely that the provisions of an agreement or document governed by Cayman Islands law may be waived or
amended orally or by conduct notwithstanding any such provision.

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