Recent Updates — CHAR

Charlton Aria Acquisition Corp. entered into a definitive business combination agreement with KQC Quantum, Inc., under which a subsidiary of KQC will merge into Charlton Aria, leaving the SPAC as a wholly owned subsidiary. The transaction values KQC at an $80 million pre-money equity valuation and expects shares to trade on Nasdaq under the ticker "KQC" upon closing, targeted for H1 2027. Charlton Aria shareholders will receive one KQC share per ordinary share, with rights converting into one-eighth of a share. The deal includes a $30 million minimum cash condition and up to 1.5 million earnout shares. Charlton Aria Acquisition Corp. is a special purpose acquisition company focused on business combinations.

Charlton Aria Acquisition Corporation entered into a definitive Business Combination Agreement with KQC Quantum, Inc., its parent company Parent, and Merger Sub. Under the terms, Charlton Aria will become a wholly owned subsidiary of Parent, which intends to list on Nasdaq under the ticker "KQC." The transaction values KQC at an $80 million pre-money equity value, implying approximately $11.00 per share for existing shareholders. Charlton Aria public shareholders will receive one share of Parent common stock for each Class A ordinary share held. The combined company expects to close in the first half of 2027, subject to shareholder approval and other customary conditions. KQC Quantum develops AI-driven hybrid quantum computing platforms and post-quantum cryptography security products for enterprise customers.

Charlton Aria Acquisition Corporation received a letter from Nasdaq stating that it is now in compliance with Nasdaq Listing Rule 5250(c)(1) following the filing of its Form 10-Q for the period ended March 31, 2026. The company's previous non-compliance status was due to failure to timely file its 2025 Annual Report and 2026 first quarter Quarterly Report. Charlton Aria Acquisition Corporation is a blank check SPAC. blank check SPACs focus on identifying and completing a business combination.