We are a blank check company. (Incorporated in Delaware)

Our efforts to identify a prospective target business will not be limited to any particular industry or geographic region. We intend to actively look for suitable investment opportunities within the Internet of Things (IoT), smart manufacturing, and renewable energy related industries with an enterprise value of approximately $300 million to $600 million. We will prioritize targets that are already benefiting from or capitalizing on trends found within their respective sectors.

We affirmatively exclude as an initial business combination target any company of which financial statements are audited by an accounting firm that the PCAOB is unable to inspect for two consecutive years beginning in 2021 and any target company with China operations consolidated through a VIE structure.

Although we currently do not have any People’s Republic of China (“PRC”) subsidiary or China operations, a majority of our officers and directors have significant ties to, and business experience in, mainland China and Hong Kong, which may make us a less attractive partner to certain potential non-China– or non-Hong Kong-based target businesses.

(Note: Alkaid Acquisition Corp. filed its S-1 on Nov. 10, 2022, and disclosed terms for its SPAC IPO: 5.0 million units at $10.00 each to raise $50.0 million. Each unit consists of one share of common stock and one right to receive one-fifth (1/5) of a share of common stock upon the consummation of an initial business combination. Alkaid Acquisition  Corp. submitted confidential SPAC IPO documents to the SEC on May 20, 2022.)

(Note: Our sponsor, Alkaid Investments LLC, which is controlled by Min Gan, has committed to purchase from us 262,500 units, or “private units,” at $10.00 per private unit, for a total purchase price of $2,625,000. The purchase will take place on a private placement basis simultaneously with the consummation of this offering.)