DataTrack(@DataTracker87):Interesting provision in Heroic Empire Acquisition Limited’s recently filed S-1: The SPAC can settle its $10,000 monthly administrative fees by issuing ordinary shares at $10 per share upon completion of its business combination, rather than paying cash.

DataTrack

@DataTracker87

Data Engineer. Python & SQL. Small/Micro Cap Special Situations. SPAC Secondary Markets. Capital Management. Not investment advice.

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DataTrack@DataTracker87

2026.10.27 23:31

Interesting provision in Heroic Empire Acquisition Limited’s recently filed S-1: The SPAC can settle its $10,000 monthly administrative fees by issuing ordinary shares at $10 per share upon completion of its business combination, rather than paying cash.