Cardiff Lexington (CDIX) investor relations material

Company overview and business model

• Formed as a Cayman Islands exempted company to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses, with no specific target identified at the time of the IPO.

• May pursue a business combination in any industry, with a preference for sectors where management's expertise offers a competitive advantage.

• Management and sponsor are affiliated with KingsRock Advisors, leveraging a global network of strategic partners and senior advisors for deal sourcing and execution.

• The company is a blank check/SPAC structure, providing public shareholders with redemption rights and a 24-month window to complete a business combination.

Financial performance and metrics

• As of May 29, 2026, the company had no revenues and a working capital deficit of $47,341, with all activity to date related to formation and IPO preparation.

• Net loss for the period from inception to May 29, 2026, was $17,587, reflecting only general and administrative costs.

• The IPO will raise $200 million (or $230 million if the over-allotment is exercised), with $200 million to be placed in a U.S.-based trust account.

• Net tangible book value per share after the offering is expected to be $7.08, resulting in immediate dilution to public shareholders.

Use of proceeds and capital allocation

• $200 million of IPO and private placement proceeds will be held in trust, invested in U.S. government securities or money market funds, and used to fund a business combination.

• Up to $1.3 million will be available outside the trust for working capital, due diligence, legal, accounting, and administrative expenses.

• Interest earned on the trust account may be used to pay taxes and limited working capital withdrawals (up to 7% of annual interest accrued).

• If no business combination is completed within 24 months, funds in the trust account will be returned to public shareholders, less permitted withdrawals and up to $100,000 for dissolution expenses.