(Incorporated in the Cayman Islands)

We are a newly organized blank check company. We intend to focus our search for an acquisition target on high growth operating companies in Iceland and the broader Arctic region.

(Note: New Iceland Arctic Acquisition Corp. filed an S-1 on Oct. 2, 2026, and disclosed the terms for its SPAC IPO – 10 million units at $10.00 each to raise $100 million. Each unit consists of one share, one redeemable warrant and one right to receive one-fourth of a share upon the consummation of it initial business combination. This S-1 was filed on the same date (Oct. 2, 2026) that New Iceland Arctic Acquisition withdrew the previous S-1 filed in September; that S-1 had outlined terms for a larger SPAC IPO.)

(Background: New Iceland Arctic Acquisition Corp. filed its S-1 on Sept. 4, 2026, and disclosed the terms for its SPAC IPO: 12.5 million units at $10.00 each to raise $125 million. Each unit consists of one share, one-half of a redeemable warrant and one right to receive one-fifth (1/5th) of a share upon the consummation of its initial business combination.)