HAVAR — what changed in the latest 10-Q
A section-by-section comparison of HAVAR'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 · 2026-07-29 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −8 | ~6 | 11 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
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): Other information
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 · 2026-07-29
For the six months ended June 30, 2026, we had a net income of $2,199,674, which consisted of interest earned on investments held in Trust Account of $2,609,250, partially offset by formation and operating costs of $409,576.
For the three months ended June 30, 2025, we had a net loss of $42,348, which consisted primarily of formation and operating costs.
For the six months ended June 30, 2025, we had a net loss of $64,170, which consisted primarily of formation and operating costs.
For the six months ended June 30, 2026, net cash provided by operating activities was $28,488. Net income of $2,199,674 was offset by interest earned on investments held in Trust Account of $2,609,250. Changes in operating assets and liabilities, which provided $438,064 cash for operating activities…
For the six months ended June 30, 2025, net cash used in operating activities was $61,743. Net loss of $64,170 was offset by payment of operation costs through promissory note - related party of $32,675. Changes in operating assets and liabilities, which used $30,248 of cash in operating activities.
Text removed vs the prior filing · source: 10-Q · 2026-05-08
For the three months ended March 31, 2025, we had a net loss of $21,822, which consisted primarily of formation and operating costs.
For the three months ended March 31, 2026, net cash provided by operating activities was $8,488. Net income of $1,135,236 was offset by interest earned on investments held in Trust Account of $1,297,183. Changes in operating assets and liabilities, which provided $170,435 cash for operating activiti…
For the three months ended March 31, 2025, net cash used in operating activities was $20,493. Net loss of $21,822 was offset by payment of operation costs through promissory note - related party of $32,675. Changes in operating assets and liabilities, which used $31,346 cash in operating activities.
For the three months ended March 31, 2026 and 2025, net cash used in investing activities was nil.
For the three months ended March 31, 2026, net cash used in financing activities was $8,488, which consists of repayment of due to Sponsors of $5,668 and repayment of promissory note - related party of $2,820.
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