EVAC — what changed in the latest 10-Q
A section-by-section comparison of EVAC'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 · 2026-05-15 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −6 | ~10 | 5 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| 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 · 2026-05-15
For the three months ended March 31, 2026, we had net income of $3,886,445, which consists of interest income on investments held in the Trust Account of $4,302,685 and interest earned on operating account of $11,610, offset by general and administrative costs of $427,850.
For the three months ended March 31, 2025, we had net loss of $774, which consists of general and administrative costs.
On July 3, 2025, we consummated the Initial Public Offering of 46,000,000 Units, which includes the partial exercise by the underwriter of their over-allotment option of 4,000,000 Units, at $10.00 per Unit, generating gross proceeds of $460,000,000. Simultaneously with the consummation of the Initia…
For the three months ended March 31, 2026, cash used in operating activities was $121,028. Net income of $3,886,445 was affected by interest earned on investments held in the Trust Account of $4,302,685. Changes in operating assets and liabilities provided $295,212 of cash for operating activities.
For the three months ended March 31, 2025, cash used in operating activities was $34,889. Net loss of $774 was affected by changes in operating assets and liabilities used $34,115 of cash for operating activities.
Text removed vs the prior filing · source: 10-Q · 2025-11-14
For the three months ended September 30, 2025, we had net income of $4,461,366, which consists of interest income on marketable securities held in the Trust Account of $4,765,664, offset by operating costs of $304,298.
For the nine months ended September 30, 2025, we had net income of $4,411,989, which consists of interest income on marketable securities held in the Trust Account of $4,765,664, offset by operating costs of $353,675.
For the period from September 9, 2024 (inception) through September 30, 2024, we had no income or loss.
On July 3, 2025, we consummated the Initial Public Offering of 46,000,000 Units, which includes the partial exercise by the underwriters of their over-allotment option of 4,000,000 Units, at $10.00 per Unit, generating gross proceeds of $460,000,000. Simultaneously with the consummation of the Initi…
For the nine months ended September 30, 2025, cash used in operating activities was $507,594. Net income of $4,411,989 was affected by interest earned on marketable securities held in the Trust Account of $4,765,664, payment of general and administrative costs through promissory note – related party…
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