CNDA — what changed in the latest 10-Q
A section-by-section comparison of CNDA'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 · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −4 | ~10 | 21 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 3 |
| Risk factors | Text added/removed | 0 | 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.
Not shown (absent or not faithfully extractable): Legal proceedings
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 · 2026-08-13
For the three months ended June 30, 2026, we had net income of $1,147,619, which consisted of change in the fair value of the Capital Contribution Note of $487,586, income from cash held in the Trust Account of $617 and change in fair value of the warrant liability of $717,734, partially offset by o…
For the three months ended June 30, 2025, we had net income of $1,453,017, which consisted of change in fair value of the warrant liability of $1,031,456, change in the fair value of the Capital Contribution Note of $779,421, income from cash held in the Trust Account of $778 and income tax benefit …
For the six months ended June 30, 2026, we had net income of $1,060,297, which consisted of change in the fair value of the Capital Contribution Note of $974,078, income from cash held in the Trust Account of $1,224 and change in fair value of the warrant liability of $456,874, partially offset by o…
For the six months ended June 30, 2025, we had net income of $462,043, which consisted of change in the fair value of the Capital Contribution Note of $1,623,323, income from cash held in the Trust Account of $134,794, partially offset by operating costs of $833,046, change in fair value of the warr…
As of June 30, 2026, we had available to us $123,573 of cash held outside the Trust Account. We will use cash primarily to perform business due diligence on prospective target businesses, travel to and from the offices or similar locations of prospective target businesses or their representatives or…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
For the three months ended March 31, 2026, we had net loss of $87,322, which consisted of operating costs of $313,561 and change in fair value of the warrant liability of $260,860, partially offset by change in the fair value of the Capital Contribution Note of $486,492 and income from cash held in …
For the three months ended March 31, 2025, we had net loss of $990,974, which consisted of operating costs of $474,341, change in fair value of the warrant liability of $1,473,658, and income taxes of $20,893, partially offset by income from cash held in the Trust Account of $134,016 and change in t…
As of March 31, 2026, we had available to us $64,925 of cash held outside the Trust Account. We will use cash primarily to perform business due diligence on prospective target businesses, travel to and from the offices or similar locations of prospective target businesses or their representatives or…
Additionally, the Company has an excise tax liability of $2,992,915 inclusive of $542,539 in interest and penalties. The liability as of March 31, 2026 reflects cumulative payments of $475,000 against the total excise tax obligations incurred as a result of redemptions of our public shares. Of the e…
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