启动一采购公司A 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer, “smaller LargeacceleratedfilerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☒No☐ The registrant’s shares were not listed on any exchange and had no value as of the last business day of the second fiscal quarter of2024. The registrant’s Units begin trading onTheNasdaq Stock Market LLC on July 12, 2024 and the registrant’s Class A OrdinaryShares and Warrants began trading onTheNasdaq Stock Market LLC on September 3, 2024. Accordingly, there was no market valuefor the registrant’s securities as of the last business day of the second fiscal quarter of 2024. The aggregate market value of the As of March 26, 2025, there were23,000,000Class A ordinary shares, par value $0.0001 per share, and5,750,000Class B ordinaryshares, par value $0.0001 per share, of the registrant issued and outstanding. TABLE OF CONTENTS PAGEPART I1Item1.Business.1Item1A.Risk Factors.15Item1B.Unresolved Staff Comments.18Item 1CCybersecurity.18Item 2.Properties.18Item 3.Legal Proceedings.18Item 4.Mine Safety Disclosures.18 PART II19Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.19Item 6.[Reserved]20Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.20 PART III CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report (as defined below), including, without limitation, statements under Item 7. “Management’s Discussion andAnalysis of Financial Condition and Results of Operations,” includes forward-looking statements within the meaning of Section 27Aof the Securities Act (as defined below) and Section 21E of the Exchange Act (as defined below). These forward-looking statementscan be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,”“intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or othervariations or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such ●our ability to select an appropriate target business or businesses; ●our ability to complete our initial Business Combination; ●our expectations around the performance of the prospective target business or businesses; ●our success in retaining or recruiting, or changes required in, our officers, key employees or directors following ourinitial Business Combination; ●our officers and directors allocating their time to other businesses and potentially having conflicts of interest with ourbusiness or in approving our initial Business Combination, as a result of which they would then receive expense ●the potential incentive to consummate an initial Business Combination with an acquisition target that subsequentlydeclines in value or is unpro