Note 12 - Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the condensed financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

Convertible Notes

In July 2024, the Company issued an aggregate of $353,535 in principal amount of unsecured convertible promissory notes (the “July 2024 Convertible Notes”) for $350,000 in proceeds to select accredited investors to fund growth in working capital and general operations. The July 2024 Convertible Notes were issued with an original issue discount of 1%, accrue interest annually at a rate of 12% and will mature on December 31, 2024. The July 2024 Convertible Notes will automatically convert into equity securities at the earlier

of maturity or the next sale (or series of related sales) by the Company of its equity securities from which the Company receives gross proceeds of not less than $3,000,000.