DYOR — what changed in the latest 10-Q

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

• We are a blank check company incorporated in the Cayman Islands on July 11, 2025. We are formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We may pursue an initial…

• For the three months ended March 31, 2026, we had net income of $1,259,968, which consist of interest earned on cash held in Trust Account of $1,511,696, partially offset by general and administrative costs of $251,728.

• In connection with our assessment of going concern in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 205-40, “Presentation of Financial Statement - Going Concern”, we have determined that we have incurred and expect to continue to incur signif…

• For the three months ended March 31, 2026, net cash used in operating activities was $306,479. Net income of $1,259,968, interest earned on cash held in the Trust Account of $1,511,696 and changes in operating assets and liabilities used $54,751 of cash for operating activities.

• In order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor, or certain of our officers and directors or their affiliates may, but are not obligated to, loan us funds as may be required. If we complete a Business Combination, we w…

Text removed vs the prior filing · source: 10-Q · 2025-12-08

• We are a blank check company incorporated in the Cayman Islands on July 11, 2025 formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar Business Combination with one or more businesses. We intend to effectuate ou…

• For the period from July 11, 2025 (inception) through September 30, 2025, we had a net loss $51,521, which consisted of general and administrative costs.

• Until the consummation of the Initial 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 the Sponsor.

• Subsequent to the quarterly period covered by this Quarterly Report on Form 10-Q, on October 30, 2025, we consummated the Initial Offering of 17,250,000 Units which includes the exercise by the underwriters of their over-allotment option in full of 2,250,000 Units, at $10.00 per Unit, generating gro…

• Following the Initial Offering, the exercise of the over-allotment option in full, and the sale of the Units, a total of $172,500,000 was placed in the Trust Account. We incurred $10,861,223, consisting of $3,450,000 of cash underwriting fee, $6,900,000 of deferred underwriting fee and $511,223 of o…

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

• As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2026. Based upon their evaluation, our Chief Exe…

Text removed vs the prior filing · source: 10-Q · 2025-12-08

• Under the supervision and with the participation of our Management, including our Certifying Officers, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on …