OBAWW — what changed in the latest 10-Q
A section-by-section comparison of OBAWW'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 · 2026-08-14 vs the prior 10-Q · 2026-05-19
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −10 | ~5 | 18 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | +2 | 0 | ~1 | 0 |
| 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.
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 · 2026-08-14
For the three months ended June 30, 2026, we had net income of $2,162,082, which consisted of income on investments held in the Trust Account of $2,305,775 and dividend income of $6,421, offset by formation, general and administrative expenses of $112,614 and administrative expenses – related party …
For the six months ended June 30, 2026, we had net income of $4,278,192, which consisted of income on investments held in the Trust Account of $4,576,349 and dividend income of $14,234, offset by formation, general and administrative expenses of $237,391 and administrative expenses – related party o…
Our liquidity needs through June 26, 2025 have been 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…
Following the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000 was initially placed in the Trust Account. We incurred fees of $16,987,383, consisting of $4,400,000 of cash underwriting fees, the Deferred Fee of $12,…
For the three and six months ended June 30, 2026 and June 30, 2025, net cash used in operating activities was $248,366 and $92,826. Net income of $4,278,192 was adjusted $4,576,349 of income on investments in Trust Account, and $49,791 changes in operating assets and liabilities.
Text removed vs the prior filing · source: 10-Q · 2026-05-19
For the three months ended March 31, 2026, we had net income of $2,116,110, which consisted of income on investments held in the Trust Account of $2,270,574 and dividend income of $7,813, offset by formation, general and administrative expenses of $124,777 and administrative expenses – related party…
For the three months ended March 31, 2025, we had net loss of $12,962, which consisted of formation, general and administrative expenses.
Following the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000 was initially placed in the Trust Account. We incurred fees of $16,987,383, consisting of $4,400,000 of cash underwriting fee, the Deferred Fee of $12,0…
For the three months ended March 31, 2026, net cash used in operating activities was $162,173. Net income of $2,116,110 was adjusted $2,270,574 of income on investments in Trust Account, and $7,709 changes in operating assets and liabilities.
As of March 31, 2026, we had marketable securities held in the Trust Account of $260,497,599 (including approximately $2,270,574 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, includ…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-14
There is substantial doubt about our ability to continue as a “going concern.”
In connection with our assessment of going concern considerations under applicable accounting standards, Management has determined that our possible need for additional financing to enable us negotiate and complete our initial Business Combination, as well as the deadline by which we may be required…
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