On January 16, 2025 the Sponsor surrendered to the Company for cancellation 187,500 shares of Class B ordinary shares for no consideration, resulting in the Sponsor owning 1,250,000 shares of Class B ordinary shares. All shares and associated amounts have been retroactively restated to reflect the surrender.(See Note 5)

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Face amount or stated value per share of common stock.

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The maximum number of common shares permitted to be issued by an entity's charter and bylaws.

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Ribbon Acquisition Corp. 10-K