PECER — what changed in the latest 10-Q
A section-by-section comparison of PECER'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 · 2026-06-26
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −16 | ~20 | 78 |
| Market risk (Item 3) | Text added/removed | +36 | −16 | ~19 | 78 |
| Controls & procedures | Text added/removed | +36 | −16 | ~19 | 78 |
| Other information | Text added/removed | +36 | −16 | ~18 | 78 |
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): Legal proceedings, Risk factors
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
Interest earned on cash and investments held in Trust Account 204,613 204,613 -
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 2,373,626 1,193,370 -
Basic and diluted net income per share, ordinary shares subject to possible redemption $0.06 $0.12 $-
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares 2,278,846 2,227,210 2,000,000(1)
Basic and diluted net loss per share, non-redeemable ordinary shares $(0.03) $(0.05) $(0.01)
Text removed vs the prior filing · source: 10-Q · 2026-06-26
Total Liabilities and Shareholders’ Equity $243,507 $243,930
Basic and diluted weighted average ordinary shares outstanding (1) 2,175,000
Deferred offering costs consist of legal and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are directly related to the IPO and that will be charged to shareholders’ equity upon the completion of the IPO. As of March 31, 2026 and December …
During the period from June 24, 2025 (inception) through December 31, 2025, a service fee of $10,000 has been incurred under accrued expenses – related party. An additional service fee of $10,000 has been incurred upon filing the Form 8-K disclosing the consummation of the IPO.
The Company granted the underwriter a 45-day option from the date of Initial Proposed Public Offering to purchase up to 900,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The Company believes the fair value of this option is i…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-14
Interest earned on cash and investments held in Trust Account 204,613 204,613 -
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 2,373,626 1,193,370 -
Basic and diluted net income per share, ordinary shares subject to possible redemption $0.06 $0.12 $-
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares 2,278,846 2,227,210 2,000,000(1)
Basic and diluted net loss per share, non-redeemable ordinary shares $(0.03) $(0.05) $(0.01)
Text removed vs the prior filing · source: 10-Q · 2026-06-26
Total Liabilities and Shareholders’ Equity $243,507 $243,930
Basic and diluted weighted average ordinary shares outstanding (1) 2,175,000
Deferred offering costs consist of legal and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are directly related to the IPO and that will be charged to shareholders’ equity upon the completion of the IPO. As of March 31, 2026 and December …
During the period from June 24, 2025 (inception) through December 31, 2025, a service fee of $10,000 has been incurred under accrued expenses – related party. An additional service fee of $10,000 has been incurred upon filing the Form 8-K disclosing the consummation of the IPO.
The Company granted the underwriter a 45-day option from the date of Initial Proposed Public Offering to purchase up to 900,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The Company believes the fair value of this option is i…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-14
Interest earned on cash and investments held in Trust Account 204,613 204,613 -
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 2,373,626 1,193,370 -
Basic and diluted net income per share, ordinary shares subject to possible redemption $0.06 $0.12 $-
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares 2,278,846 2,227,210 2,000,000(1)
Basic and diluted net loss per share, non-redeemable ordinary shares $(0.03) $(0.05) $(0.01)
Text removed vs the prior filing · source: 10-Q · 2026-06-26
Total Liabilities and Shareholders’ Equity $243,507 $243,930
Basic and diluted weighted average ordinary shares outstanding (1) 2,175,000
Deferred offering costs consist of legal and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are directly related to the IPO and that will be charged to shareholders’ equity upon the completion of the IPO. As of March 31, 2026 and December …
During the period from June 24, 2025 (inception) through December 31, 2025, a service fee of $10,000 has been incurred under accrued expenses – related party. An additional service fee of $10,000 has been incurred upon filing the Form 8-K disclosing the consummation of the IPO.
The Company granted the underwriter a 45-day option from the date of Initial Proposed Public Offering to purchase up to 900,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The Company believes the fair value of this option is i…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-14
Interest earned on cash and investments held in Trust Account 204,613 204,613 -
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 2,373,626 1,193,370 -
Basic and diluted net income per share, ordinary shares subject to possible redemption $0.06 $0.12 $-
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares 2,278,846 2,227,210 2,000,000(1)
Basic and diluted net loss per share, non-redeemable ordinary shares $(0.03) $(0.05) $(0.01)
Text removed vs the prior filing · source: 10-Q · 2026-06-26
Total Liabilities and Shareholders’ Equity $243,507 $243,930
Basic and diluted weighted average ordinary shares outstanding (1) 2,175,000
Deferred offering costs consist of legal and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are directly related to the IPO and that will be charged to shareholders’ equity upon the completion of the IPO. As of March 31, 2026 and December …
During the period from June 24, 2025 (inception) through December 31, 2025, a service fee of $10,000 has been incurred under accrued expenses – related party. An additional service fee of $10,000 has been incurred upon filing the Form 8-K disclosing the consummation of the IPO.
The Company granted the underwriter a 45-day option from the date of Initial Proposed Public Offering to purchase up to 900,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The Company believes the fair value of this option is i…
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