CEPT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• Contemporaneously with the execution of the Business Combination Agreement, we, Pubco, Securitize and the Sponsor entered into the Sponsor Support Agreement, dated as of October 27, 2025 (the “Sponsor Support Agreement”), pursuant to which, among other things, the Sponsor agreed (i) to vote its Clas…

• If the Sponsor Loan is insufficient, the Sponsor or an affiliate of the Sponsor, or certain of our officers and directors may, but are not obligated to, provide us additional loans (“Working Capital Loans”). As of both March 31, 2026 and December 31, 2025, we did not have any borrowings under the Wo…

• Based on the foregoing, management believes that we will have sufficient working capital and borrowing capacity from the Sponsor to meet our needs through the earlier of the consummation of the Business Combination or one year from the date of this Report. Over this time period, we will be using the…

• Our entire activity from inception through March 31, 2026 related to our formation, the Initial Public Offering and to our efforts toward locating and completing a suitable Business Combination. We have neither engaged in any operations nor generated any revenues to date. We will not generate any op…

• For the three months ended March 31, 2026, we had net income of approximately $2,396,000, which consisted of approximately $2,252,000 of interest income on investments held in the Trust Account and approximately $1,625,000 of income from the change in fair value of forward sale securities, partially…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Simultaneously with the execution of the Business Combination Agreement, we, Pubco, Securitize and the Sponsor entered into a Sponsor Support Agreement (the “Sponsor Support Agreement”), pursuant to which the Sponsor agreed, among other things, to (i) vote its Class A ordinary shares and Class B ord…

• Based on the foregoing, management believes that we will have sufficient working capital and borrowing capacity from the Sponsor to meet our needs through the earlier of the consummation of the Business Combination or one year from the date of this Report. Over this time period, we will be using the…

• Our entire activity from inception through September 30, 2025 related to our formation, the Initial Public Offering and to our efforts toward locating and completing a suitable Business Combination. We have neither engaged in any operations nor generated any revenues to date. We will not generate an…

• For the three months ended September 30, 2025, we had net income of approximately $2,407,000, which consisted of approximately $2,562,000 of interest income on investments held in the Trust Account, partially offset by approximately $125,000 of general and administrative expenses, and $30,000 of adm…

• For the three months ended September 30, 2024, we had a net loss of approximately $50,000, which resulted from approximately $50,000 of general and administrative expenses.