PHIP

	Aquila Acquisition Corporation
	YOU SHOULD READ THE WARNING IN THE DOCUMENT.

► Warning ► Important ► Expected Timetable ► Contents ► Summary ► Terms of the Offering ► Responsibility Statement and Forward-Looking Statements ► Risk Factors ► Directors and Parties Involved in the Offering ► Corporate Information ► Corporate Structure ► Business ► The De-SPAC Transaction ► Financial Information ► Description of the Securities ► Substantial Shareholders ► Connected Transaction ► Directors, Senior Management and Advisory Board ► Use of Proceeds and Escrow Account ► Underwriting ► Structure of the Offering ► Appendix I - Accountant's Report ► Appendix II - Unaudited Pro Forma Financial Information ► Appendix III - Summary of the Constitution of the Company and Cayman Islands Company Law ► Appendix IV - General Information ► Appendix V - Summary of the Terms of the Listed Warrants ► Appendix VI - Documents on Display ► Appendix VII - Definitions