IXQWF — what changed in the latest 10-Q
A section-by-section comparison of IXQWF'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 · 2026-09-08 vs the prior 10-Q · 2026-07-16
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −8 | ~11 | 68 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | 0 | 13 |
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 · 2026-09-08
On July 20, 2026, the Company and AERKOMM entered into a new SAFE Agreement (the “SAFE Note Agreement No. 6”), and on August 6, 2026, the Company and AERKOMM entered into another SAFE Agreement (the “SAFE Note Agreement No. 7”). As a result, SAFE Agreements for an aggregate of $13,000,000 have been …
On January 7, 2026, March 12, 2026 and May 22, 2026, the Company received $125,000, $260,000 and $130,000, respectively, for a total of $515,000 from AERKOMM for working capital needs. Pursuant to a working capital support agreement with AERKOMM, the Company recognizes $130,000 per month in working …
During the three and six months ended June 30, 2026, the Company recognized $390,000 and $780,000, respectively, of working capital support.
As of June 30, 2026, $425,000 remained outstanding and was recorded as Due from AERKOMM in the accompanying condensed consolidated balance sheets.
For the three months ended June 30, 2025, we had net loss of approximately $516,000, which consisted of approximately $75,000 in operating and formation expense and $746,000 from change in fair value of derivative warrant liability, which were partially offset by approximately $154,000 in income fro…
Text removed vs the prior filing · source: 10-Q · 2026-07-16
On January 7, 2026 and March 12, 2026, the Company received $125,000 and $260,000, respectively, for a total of $385,000 from AERKOMM for working capital needs, fully settling the outstanding balance as of December 31, 2025. During the three months ended March 31, 2026, the Company recognized $390,0…
2023 and November 30, 2023, the Sponsor deposited $160,000 into the Company’s Trust Account in connection with the first, second, third, fourth, fifth, sixth, seventh and eighth extension.
up to April 12, 2024 (the “Extension Proposal”) by amending the Amended and Restated Memorandum and Articles of Association (the “First Extension”).
For the three months ended March 31, 2025, we had net income of approximately $242,000, which consisted of approximately $373,000 from change in fair value of derivative warrant liability and approximately $150,000 in income from cash held in the Trust Account and interest income on an operating acc…
On April 12, 2023, we entered into a Fee Reduction Agreement, which amends the Underwriting Agreement. According to the Underwriting Agreement, we previously agreed to pay to the underwriters of the Initial Public Offering an aggregate of $12,100,000 as deferred underwriting commissions, a portion o…
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