ALUB — what changed in the latest 10-Q

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

• We may seek to extend the combination period consistent with applicable laws, regulations and stock exchange rules by amending our amended and restated memorandum and articles of association. Such an amendment would require the approval of our public shareholders, who will be provided the opportunit…

• For the three months ended March 31, 2026, we had net income of $2,208,515, which consisted of $2,498,253 of interest income on investments held in the Trust Account offset by general and administrative costs.

• For the three months ended March 31, 2026, cash used in operating activities was $140,747. We had net income of $2,208,515 resulting from $2,498,253 of interest earned on investments held in the Trust Account offset by $289,738 of general and administrative expenses. Changes in operating assets and …

• On October 15, 2024, our Sponsor agreed to loan us an aggregate of up to $300,000 to be used for a portion of the expenses of the Initial Public Offering. The loan was non-interest-bearing and unsecured. As of December 31, 2025, we had borrowed $197,917 under the Note. Subsequently, on January 12, 2…

• This discussion and analysis of our financial and results of operations are based upon our unaudited condensed consolidated financial statements. A complete list of our significant accounting policies is described in Note 2 – Summary of Significant Accounting Policies in our audited financial statem…

Text removed vs the prior filing · source: 10-Q · 2025-12-19

• For the three and nine months ended September 30, 2025, we had a net loss of $15,605 and $17,558, respectively, which consisted of general and administrative costs.

• Prior to consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from our Sponsor and affiliated entities.

• The preparation of the unaudited condensed financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the un…

• Net loss per share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 937,500 ordinary shares that are subject to for…

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

• As a smaller reporting company under Rule 12b-2 of the Exchange Act, we are not required to include risk factors in this Report. In addition to the other information set forth in this Report and our other filings with the SEC, see the section titled “Risk Factors” contained in our Annual Report on F…

Text removed vs the prior filing · source: 10-Q · 2025-12-19

• An investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, together with the other information contained in this Report and other documents we file with the SEC, before making a decision to invest in our securities. If any of the f…

• Risks Relating to Our Search for, and Consummation of or Inability to Consummate, a Business Combination

• Our public shareholders may not be afforded an opportunity to vote on our proposed initial Business Combination, and even if we hold a vote, holders of our founder shares will participate in such vote, which means we may complete our initial Business Combination even though a majority of our public …

• We may choose not to hold a shareholder vote to approve our initial Business Combination unless the Business Combination would require shareholder approval under applicable law or stock exchange listing requirements. In such case, the decision as to whether we will seek shareholder approval of a pro…

• If we seek shareholder approval of our initial Business Combination, our initial shareholders and management team have agreed to vote in favor of such initial Business Combination, regardless of how our public shareholders vote, and we may not need any public shares in addition to our founder shares…