Business Description

1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Organization and General United Acquisition Corp. I (the “Company”) was incorporated as a Cayman Islands exempted company with limited liability on October 22, 2025. The Company is a newly organized blank check company or special purpose acquisition company (“SPAC”), formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination target. Its efforts to identify a prospective target business will not be limited to a particular industry or geographic region although it intends to focus on target businesses in the energy and power industries. As of December 31, 2025, the Company had not commenced any operations. All activity for the period from October 22, 2025 (inception) through December 31, 2025 relates to the Company’s formation, the initial public offering (“Initial Public Offering”), subsequent to the Initial Public Offering, sale of additional units as a result of the partial exercise by the underwriters of their over-allotment option, and identifying a target company for a Business Combination. The Company will not generate any operating revenues until after completion of the Business Combination, at the earliest. The Company will generate non-operating income in the form of interest and/or dividend income from the proceeds derived from the Initial Public Offering and from the sale of additional units as a result of the partial exercise by the underwriters of their over-allotment option. The Company has selected December 31 as its fiscal year end. Sponsor, Founder and Financing The Company’s sponsor is United Acquisition SPAC LLC (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on January 28, 2026. On January 30, 2026, the Company consummated the Initial Public Offering of 10,000,000 units (the “Units”), at $ 10.00 per Unit, generating gross proceeds of $ 100,000,000 . Each Unit consists of one Class A ordinary share and one-quarter of one redeemable warrant (each “Public Warrant”, and collectively, the “Public Warrants”). Each whole Public Warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $ 11.50 per share, subject to adjustment. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 275,000 private placement units (each “Private Placement Unit”, and collectively, the “Private Placement Units”) at a price of $ 10.00 per Private Placement Unit, generating gross proceeds of $ 2,750,000 . Each Private Placement Unit consists of one Class A ordinary share and one-quarter of one redeemable warrant (each “Private Placement Warrant”, and collectively, the “Private Placement Warrants”). Of those 275,000 Private Placement Units, the Sponsor purchased 175,000 Private Placement Units, and the underwriters purchased 100,000 Private Placement Units. In addition, the Company consummated the sale of an aggregate of 2,333,333 Private Placement Warrants, at a price of $ 0.75 per Private Placement Warrant, $ 1,750,000 in the aggregate, to the Sponsor. Each whole Private Placement Warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $ 11.50 per share, subject to adjustment. Transaction costs amounted to $ 5,536,580 , consisting of $ 1,500,000 of cash underwriting fees, $ 3,500,000 of deferred underwriting fees, and $ 536,580 of other offering costs. On February 12, 2026, the Company consummated the closing of an additional 182,300 Units sold pursuant to the underwriters’ partial exercise of their over-allotment option, generating gross proceeds of $ 1,823,000 . On February 12, 2026, simultaneously with the sale of additional Units, the Company consummated the private sale of an additional 2,280 Private Placement Units to the Sponsor and underwriters generating gross proceeds of $ 22,800 . Of those 2,280 Private Placement Units, the Sponsor purchased 457 Private Placement Units while the underwriters purchased 1,823 Private Placement Units. In addition, the Company also consummated the private sale of an additional 6,060 Private Placement Warrants to the Sponsor generating gross proceeds of $ 4,545 .…