Averin Capital Acquisition

Capital allocation to date reflects a standard SPAC: 25.0 million IPO units at 10 dollars, later upsized by a 3.386 million unit partial over‑allotment; 200,000 private placement units purchased by the sponsor; 13.75 million dollars of deferred underwriting fees; and founder promote shares that are intended to represent 20 percent of post‑IPO shares, subject to forfeiture if the over‑allotment is not fully exercised.

These terms are industry standard but structurally dilutive for public holders at de‑SPAC. No history yet of buybacks, dividends, or reinvestment returns.