NTWOU — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• For the six months ended June 30, 2026, we had a net income of $1,697,549, which consists of interest earned on marketable securities held in the Trust Account of $3,222,734, interest on the operating account of $10,324 and general and administrative costs of $1,535,509.

• For the six months ended June 30, 2025, we had a net income of $3,370,725, which consists of interest earned on marketable securities held in the Trust Account of $3,667,319, interest on the operating account of $23,452 and operating costs of $320,046.

• Our liquidity needs through November 4, 2024 were satisfied through (i) a contribution of $25,000 from the Sponsor in exchange for the issuance of our Founder Shares and (ii) a loan pursuant to the IPO Promissory Note. Following the Initial Public Offering and the Private Placement, our liquidity ne…

• Following the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $173,362,500 was placed in the Trust Account. We incurred fees of $10,113,129, consisting of $3,450,000 of cash underwriting fee, $6,037,500 of Deferred Fee, and $62…

• As of June 30, 2026, we had marketable securities held in the Trust Account of $185,070,108 (including $11,707,608 of interest income). We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amoun…

Text removed vs the prior filing · source: 10-Q · 2026-05-12

• Following the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $173,362,500 was initially placed in the Trust Account. We incurred fees of $10,113,129, consisting of $3,450,000 of cash underwriting fee, $6,037,500 of Deferred Fe…

• As of March 31, 2026 and December 31, 2025, we had marketable securities held in the Trust Account of approximately $183,446,346 and $181,847,374, respectively (including approximately $10,083,846 and $8,484,874, respectively, of interest income). We may withdraw interest from the Trust Account to p…

• As of March 31, 2026, we had cash held outside of the Trust Account of $497,393. We use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants, or similar l…

• Our liquidity needs through March 31, 2026 have been satisfied through (i) a contribution of $25,000 from the Sponsor in exchange for the issuance of our Founder Shares, (ii) a loan pursuant to the IPO Promissory Note and (iii) the net proceeds from the consummation of the Initial Public Offering an…

• Prior to the closing of our Initial Public Offering, our Sponsor agreed to loan us an aggregate of up to $300,000 under the IPO Promissory Note. Such loans and advances were non-interest bearing and payable on the earlier of June 30, 2025 or the completion of our Initial Public Offering. The loan of…

Text removed vs the prior filing · source: 10-Q · 2026-05-12

• Our search for an initial Business Combination, and any target business with which we may ultimately consummate an initial Business Combination, may be materially adversely affected by current global geopolitical conditions and armed conflicts between Ukraine and Russia and in the Middle East betwee…

• Our ability to find a potential target business and the business of any company with which we may consummate a Business Combination could be materially and adversely affected by events that are outside of our control. For example, United States and global markets have experienced and may continue to…

• The invasion of Ukraine by Russia and the escalation of the conflict involving the United States, Israel and Iran and others in the Middle East and Southwest Asia and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the United Kingdom, the Eu…

• Similarly, other events outside of our control, including natural disasters, climate-related events and pandemic or health crises (such as the COVID-19 pandemic) may arise from time to time, and any such events may cause significant volatility and declines in the global markets and have disproportio…

• Any of the abovementioned factors, or any other negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine, the escalation of the conflict involving the United States, Israel and Iran and others in the Middle East and Southw…