Each unit will include one Class A share, one redeemable warrant and one right to receive half a share after the company completes an acquisition.

The company said it will consider businesses developing AI technology, supporting AI infrastructure, or producing AI-powered goods and services. John-Paul Backwell is its chief executive and chairman. He has served as a director of Fusion Fuel Green since 2024 and was chief executive of the clean-energy technology company until April.