Cardiff Lexington (CDIX) Registration filing summary

Company overview and business model

• Formed as a Cayman Islands exempted company to pursue 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 filing.

• Management and sponsor have extensive experience in financial services, SPACs, and global capital markets, leveraging a broad network for deal sourcing.

• The company intends to focus on targets where management’s expertise provides a competitive advantage, favoring industries with strong growth prospects and operational improvement potential.

• KingsRock Advisors, LLC, an affiliate of the sponsor, provides strategic relationships and a network of over 125 senior advisors to support sourcing and execution.

Financial performance and metrics

• As of May 29, 2026, the company had no cash, a working capital deficit of $47,341, and had incurred $17,587 in general and administrative costs since inception.

• The company has not generated any revenues and will not do so until a business combination is completed.

• The IPO aims to raise $200 million through the sale of 20,000,000 units at $10.00 per unit, with an additional $6 million from private placement units.

• Net tangible book value per share post-offering is expected to be $7.08, resulting in immediate and substantial dilution to public shareholders due to the nominal price paid for founder shares.

Use of proceeds and capital allocation

• $200 million of IPO and private placement proceeds will be placed in a U.S.-based trust account, invested in U.S. government securities or money market funds.

• Funds outside the trust account (~$1.3 million) will be used for due diligence, legal, accounting, administrative support, and working capital.

• Proceeds in the trust account will only be released upon completion of a business combination, redemption of public shares, or liquidation.

• Up to $1.5 million in working capital loans may be provided by the sponsor and are convertible into private placement units at $10.00 per unit.