On March 17, 2026, Ribbon Acquisition Corp. announced that it has deposited an aggregate of $125,000 into its trust account for the benefit of its public shareholders. This deposit is part of a previously approved monthly extension of the period the company has to consummate its initial business combination. The extension is in accordance with the Extension Amendment and Trust Amendment that were approved by the company's shareholders, allowing for monthly extensions upon the deposit of funds into the trust account. This move is seen as a strategic step to provide additional time for the company to finalize its business combination, which is crucial for its operational execution and future strategy. The company continues to navigate the complexities of the market as it seeks to align with potential business partners and opportunities that can enhance shareholder value. The trust account is designed to protect the interests of shareholders while the company works towards a successful merger or acquisition.

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