BYNOW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• At an annual meeting on August 6, 2026, the stockholders of the Company approved amendments (the “August 2026 Amendments”) to the Company’s Amended and Restated Certificate of Incorporation to extend the Combination Period by one month each time from August 12, 2026 to August 12, 2027, or such earli…

• For the six months ended June 30, 2026, we had a net loss of $827,437 which consisted of operating costs of $904,945 and federal income taxes of $21,680, partially offset by interest earned on marketable securities held in trust account of $99,188.

• For the six months ended June 30, 2025, we had a net loss of $315,421 which consisted of operating costs of $525,991 and federal income taxes of $43,685, partially offset by interest earned on marketable securities held in trust account of $254,255.

• As of June 30, 2026, the Company had cash of $150,345 not held in the Trust Account and a working capital deficit of $9,165,290.

• For the six months ended June 30, 2026, cash used in operating activities was $351,101. Net loss of $827,437 was affected by interest earned on marketable securities held in the Trust Account of $99,178 and deferred taxes of $140. Changes in operating assets and liabilities provided $575,654 of cash…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• ●may significantly dilute the equity interest of our public stockholders, which dilution would increase if the anti-dilution provisions in the Class B common stock resulted in the issuance of shares of Class A Common Stock on a greater than one-to-one basis upon conversion of the Class B common stoc…

• ●may subordinate the rights of holders of our common stock if preferred stock is issued with rights senior to those afforded our common stock;

• ●could cause a change in control if a substantial number of shares of our common stock is issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors;

• ●may have the effect of delaying or preventing a change of control of us by diluting the stock ownership or voting rights of a person seeking to obtain control of us; and

• ●may adversely affect prevailing market prices for our Class A common stock and/or warrants.

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Certain Risks to Ability to Consummate a Business Combination

• The lack of a definitive agreement with respect to a business combination, the continuing extensions of the Combination Period, increased financing from affiliates of our Sponsor, and the over-the-counter trading status of our public shares of common stock may adversely affect our ability to consumm…