Ribbon Acquisition Corp. has extended the time it has to complete its initial business combination by making additional deposits into its trust account for public shareholders. An aggregate of $250,000 was deposited, with $125,000 added in January 2026 and another $125,000 in February 2026.
Each monthly deposit funded a one-month extension of the deadline to consummate a business combination and was made under an Extension Amendment and Trust Amendment previously approved by shareholders. These funds are held in the trust account for the benefit of public shareholders.
RiverNorth Capital Management, LLC reported a significant ownership position in Ribbon Acquisition Corp. common shares. As of December 31, 2025, RiverNorth beneficially owned 400,000 common shares, representing 7.66% of the class. The firm has sole power to vote and dispose of all 400,000 shares and no shared voting or dispositive power.
The filing notes that other persons have the right to receive the proceeds from the sale of these securities, consistent with RiverNorth’s role as an investment adviser. RiverNorth certifies that the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Ribbon Acquisition Corp.
Ribbon Acquisition Corp. is asking shareholders to approve a change to its trust agreement so it can extend its SPAC deadline using smaller monthly top-ups to the trust. The sponsor had previously agreed to deposit US$125,000 for each one-month extension and now seeks flexibility to contribute up to US$50,000 per month instead. If this Trust Amendment is rejected and required contributions exceed US$50,000, Ribbon may be unable to use its existing monthly extensions and could ultimately have to liquidate rather than complete an initial business combination by January 16, 2027. Shareholders can elect to redeem their public shares for cash in connection with the meeting while those who remain keep the right to vote on, and redeem in, a future business combination. A second proposal would allow the chair to adjourn the meeting if more time is needed to gather votes.
Mizuho Financial Group, Inc. filed an amended Schedule 13G reporting beneficial ownership of 12,398 common shares of Ribbon Acquisition Corp, representing 0.2% of the class as of the event date December 31, 2025.
Mizuho reports sole voting and sole dispositive power over all 12,398 shares, with no shared voting or dispositive power. The filing notes that Mizuho Financial Group, Inc., Mizuho Bank, Ltd. and Mizuho Americas LLC may be deemed indirect beneficial owners of equity securities directly held by their wholly owned subsidiary, Mizuho Securities USA LLC.
The group states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Ribbon Acquisition Corp, and that ownership is 5 percent or less of the outstanding class.
Ribbon Acquisition Corp. has a new large shareholder disclosure. Feis Equities LLC and Lawrence M. Feis reported beneficial ownership of 266,293 Class A ordinary shares, representing 5.29% of the class, based on 5,033,133 shares outstanding as of January 9, 2026.
The reporting persons have sole voting and dispositive power over these 266,293 shares and no shared power. They certify that the shares were not acquired and are not held for the purpose of changing or influencing control of Ribbon Acquisition Corp.
Ribbon Acquisition Corp. has formally extended the time it has to complete its initial business combination. Shareholders approved a Second Amended and Restated Memorandum and Articles of Association that moves the deadline from January 16, 2026 to January 16, 2027.
The amended charter was approved at an extraordinary general meeting held on January 9, 2026 and became effective when filed with the Cayman Islands Registrar of Companies on January 23, 2026. This gives the SPAC an additional year to seek and close a target deal.
Ribbon Acquisition Corp. obtained shareholder approval to extend the deadline to complete its initial business combination from January 16, 2026 to January 16, 2027. The company entered into an amendment to its Investment Management Trust Agreement with Odyssey Transfer and Trust Company to reflect this new timeline and to remove its prior ability to withdraw up to $100,000 of interest from the trust account for dissolution expenses. Shareholders also approved a Second Amended and Restated Memorandum and Articles of Association, which will take effect upon filing in the Cayman Islands and similarly extends the business combination deadline to January 16, 2027.
Ribbon Acquisition Corp. reported the results of a special stockholder meeting held on January 9, 2026, where investors approved several changes tied to its merger timeline and trust arrangements. Stockholders passed an amendment extending the deadline to complete an initial business combination from January 16, 2026 to January 16, 2027, and a related amendment to the Investment Management Trust Agreement requiring a monthly extension payment of $125,000 into the trust account for each month of extension. They also approved removing the provision that allowed withdrawal of up to $100,000 of trust interest for dissolution expenses and a requirement to file a Form 8-K for each monthly extension payment. In connection with the meeting, holders of 1,436,867 public Class A ordinary shares elected to redeem their shares for an aggregate of $14,937,325.92, or about $10.395761 per share.
Ribbon Acquisition Corp. held a Special Meeting on January 9, 2026, where stockholders approved several changes tied to its timeline for completing an initial business combination. The record date base was 6,470,000 ordinary shares, and 4,976,677 shares, or 76.92% of those outstanding, were present in person or by proxy, providing a quorum.
Stockholders approved an Extension Amendment to move the deadline to consummate a business combination from January 16, 2026 to January 16, 2027, or an earlier date set by the board. They also approved amendments to the Investment Management Trust Agreement that extend the trust deadline on the same schedule, add a monthly extension payment of $125,000 to be deposited into the trust account for each month of extension, and remove the prior ability to withdraw up to US$100,000 of interest from the trust to pay dissolution expenses. Stockholders further approved a proposal requiring the company to make a filing for each monthly extension payment and a proposal allowing adjournment of the meeting if more time for proxy solicitation had been needed. The company plans to file the amended charter terms with the Cayman Islands registrar.
Ribbon Acquisition Corp. is asking shareholders to approve several changes that would extend the deadline to complete a business combination from January 16, 2026 to January 16, 2027. If the extension is approved, the sponsor is expected to make fixed monthly contributions of $125,000 into the trust account as non-interest-bearing loans, repayable only if a deal closes. The trust held about $51,792,864.57 as of December 15, 2025, or an estimated $10.4069 per public share for redemption, and this could rise to about $10.59 with all assumed sponsor contributions and no additional redemptions. Shareholders may redeem regardless of how they vote, and if the extension and related proposals fail and no deal is completed by January 16, 2026, the company will redeem all public shares and liquidate.