Key Highlights

● Westin completed its initial public offering on November 5, 2025, selling 5,750,000 units for gross proceeds of $57,500,000.

● The full $57,500,000 was placed in a U.S.-based trust account for the benefit of public shareholders.

● On July 22, 2026, Westin signed a Business Combination Agreement with First Choice Healthcare Solutions, Inc. and a merger subsidiary.

● Westin must complete a business combination within 18 months of its IPO, which sets a May 5, 2027 deadline.

Westin Acquisition Corp (NASDAQ:WSTN), a blank-check company listed on Nasdaq, has filed its annual report on Form 10-K for the fiscal year ended June 30, 2026. The document describes the company's November 5, 2025 initial public offering, the $57.5 million held in trust for public shareholders, its July 22, 2026 business combination agreement with First Choice Healthcare Solutions, Inc., and an 18-month deadline that falls on May 5, 2027 to complete a deal.

What Kind of Company This Is

Westin is a special purpose acquisition company, often called a SPAC, meaning it was formed to combine with an operating business rather than to run one itself. The 10-K says it was incorporated in June 2025, describes itself as a shell company and states that it has "not generated any operating revenues to date and have incurred formation and operating costs since inception." Its sponsor is Westin Investment Co. Ltd., a Cayman Islands exempted company, and the filing identifies Mr. Kok Peng Na as Chairman and Chief Executive Officer.

The company completed its IPO on November 5, 2025, selling 5,750,000 units at $10.00 per unit, including the full exercise of the underwriters' over-allotment option, for gross proceeds of $57,500,000. Each unit consisted of one Class A ordinary share and one right to receive one-sixth of one Class A ordinary share upon completion of an initial business combination. At the same time, the sponsor bought 235,000 private placement units at $10.00 each, for $2,350,000. The filing says $57,500,000 was placed in a U.S.-based trust account for the benefit of public shareholders.

As of June 30, 2026, the company had 8,055,000 ordinary shares outstanding, including shares held by the sponsor, public shares and the private placement shares. The units trade on Nasdaq as WSTNU, the Class A shares as WSTN and the rights as WSTNR, and holders could begin trading the components separately from December 31, 2025.

The First Choice Healthcare Solutions Agreement

On July 22, 2026, after the fiscal year ended, Westin entered into a Business Combination Agreement with First Choice Healthcare Solutions, Inc., a Delaware corporation, and a subsidiary merger vehicle. The 10-K states that the agreement was disclosed in a Current Report on Form 8-K filed July 29, 2026, and that management is "currently focused on completing the proposed business combination."

The 10-K refers readers to that Form 8-K for the transaction terms.

The Deadline and Redemption Rights

The filing says Westin must consummate a business combination within 18 months from the closing of its IPO, which sets a deadline of May 5, 2027. It notes that this period may be extended, subject to shareholder approval. When a business combination is completed, public shareholders may redeem their shares at a per-share price equal to the aggregate amount then on deposit in the trust account, divided by the number of then issued and outstanding public shares. The 10-K also describes the conditions for liquidation if no business combination is completed.

Westin's May 5, 2027 Deadline and Merger

The main date in the filing is May 5, 2027, the 18-month deadline. Before then, the proposed merger with First Choice Healthcare Solutions would need to move through the steps described in the parties' agreement and related filings, including any shareholder vote and any redemption elections by public shareholders. If the deadline approaches without a completed transaction, the company may seek shareholder approval to extend it, as the 10-K notes is possible.