LAFAU — what changed in the latest 10-Q
A section-by-section comparison of LAFAU's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-14 vs the prior 10-Q · 2025-12-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −10 | ~4 | 11 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-14
For the three months ended March 31, 2026, we had a net income of $839,928, which consists of interest earned on marketable securities held in Trust Account of $1,022,588, offset by formation, general and administrative costs of $182,660.
For the three months ended March 31, 2025, we had no net income or net loss.
On October 27, 2025, we consummated the Initial Public Offering of 11,500,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the amount of 1,500,000 Units, at $10.00 per Unit, generating gross proceeds of $115,000,000. Simultaneously with the closing of…
Following the initial public offering, the full exercise of the over-allotment option, and the sale of the units, a total of $115,000,000 was placed in the Trust Account. We incurred $6,731,306 of transaction expenses, consisting of $2,300,000 of cash underwriting fee, $4,025,000 of deferred underwr…
For the three months ended March 31, 2026, net cash used in operating activities was $204,170. Net income of $839,928 was affected by interest earned on marketable securities held in in Trust Account of $1,022,588. Changes in operating assets and liabilities used $21,510 of cash from operating activ…
Text removed vs the prior filing · source: 10-Q · 2025-12-04
For the three months ended September 30, 2025, we had a net loss of $43,476, which consists of formation, general and administrative costs.
For the nine months ended September 30, 2025, we had a net loss of $53,897, which consists of formation, general and administrative costs.
For the three months ended September 30, 2024, we had no net income or net loss.
For the period from June 7, 2024 (inception) through September 30, 2024, we had a net loss of $8,004, which consists of formation, general and administrative costs.
Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of Founder Shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice