Long Long 4

What Happened
Long Long, the CEO (managing member of the issuer's sponsor), reported a private purchase on 2026-01-26 in which the sponsor acquired 390,000 private units at $10.00 per unit for an aggregate $3,900,000. Each private unit consists of one ordinary share and one-fourth of a redeemable warrant, so the purchase effectively includes 390,000 ordinary shares and 97,500 fractional warrants (reported as a derivative interest). This was a purchase (often viewed as a more informative, generally bullish insider action than a sale).

Key Details

• Transaction date: January 26, 2026.
• Transaction type/code: Private purchase (P).
• Units purchased: 390,000 private units at $10.00 per unit — total $3,900,000.
• Derivative reported: 97,500 warrants (one-fourth warrant per unit).
• Shares owned after transaction: Sponsor holds 390,000 ordinary shares and 97,500 warrants; Long Long is the managing member with voting and dispositive power but disclaims beneficial ownership other than any pecuniary interest.
• Agreement date: Private Units Purchase Agreement dated January 22, 2026 (per footnote).
• Warrant terms (footnote): Warrants become exercisable at the later of 12 months after the IPO closing and 30 days after the business combination; they expire five years after the business combination (subject to earlier redemption/liquidation).

Context
These are sponsor private units common in SPAC deals (not open-market common share buys). The reported derivative interest represents the fractional warrants included in those units; those warrants have delayed exercisability per the terms above. The filing shows a same-day report of the transaction; no late-filing indication is stated.