Teamshares Inc

This company is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed on November 27, 2024, as a Cayman Islands exempted company. Its sole purpose is to merge with or acquire one or more existing businesses. While it can pursue an acquisition in any sector, it prioritizes companies with significant growth potential, above-industry-average growth, substantial free cash flow, and a strong market position. The target companies typically have an enterprise value between $500 million and $2 billion, where the company's management and senior advisor can apply their operational, strategic, or managerial expertise to enhance value. To date, the company's activities have been limited to organizational tasks, its Initial Public Offering (IPO), and the search for and completion of a business combination, including the Teamshares Business Combination. The company has not generated any operating revenues and does not anticipate doing so until it completes its initial business combination. The company's IPO Registration Statement became effective on February 27, 2025. On March 3, 2025, it completed its IPO, selling 23,000,000 Units, which included 3,000,000 Option Units from the full exercise of the Over-Allotment Option. Each Unit, sold at $10.00, consists of one Public Share and one-half of one Public Warrant, with each whole Public Warrant allowing the holder to purchase one Class A Ordinary Share for $11.50. This generated gross proceeds of $23,000,000. Concurrently, the company privately sold 4,500,000 Private Placement Warrants to its Sponsor at $1.00 per warrant, raising an additional $4,500,000 in gross proceeds.