JACS — what changed in the latest 10-Q
A section-by-section comparison of JACS'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 · 2026-11-06 vs the prior 10-Q · 2026-08-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −3 | ~13 | 8 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | ~1 | 10 |
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, 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 · 2026-11-06
On October 27, 2026, we filed a definitive proxy statement with the SEC in connection with an extraordinary general meeting of shareholders scheduled to be held on November 20, 2026. At the meeting, shareholders will be asked to consider and vote upon proposals to amend and restate our Amended and R…
If the proposed amendments are approved and implemented, each one-month extension will require our Sponsor, or its affiliates or designees, to deposit into the Trust Account an amount equal to the lesser of $250,000 and $0.02 for each Public Share that is not redeemed in connection with the meeting.…
We have neither engaged in any operations nor generated any revenues to date. Our only activities from September 11, 2024 (inception) through September 30, 2026 were organizational activities, those necessary to prepare for the Initial Public Offering, discussed below, and identifying a target compa…
For the nine months ended September 30, 2026, we had net income of $5,945,497, which consisted of interest earned on marketable securities held in the Trust Account of $6,552,701 offset by general and administrative expenses of $607,204.
For the nine months ended September 30, 2025, we had net income of $6,891,757, which consisted of interest earned on marketable securities held in Trust Account of $7,356,734, offset by general and administrative expenses of $464,977.
Text removed vs the prior filing · source: 10-Q · 2026-08-11
We have neither engaged in any operations nor generated any revenues to date. Our only activities from September 11, 2024 (inception) through June 30, 2026 were organizational activities, those necessary to prepare for the Initial Public Offering, discussed below, and identifying a target company fo…
For the three months ended June 30, 2026, we had net income of $1,980,048, which consists of interest earned on marketable securities held in the Trust Account of $2,164,627 offset by general and administrative expenses of $184,579.
For the three months ended June 30, 2025, we had net income of $2,318,336, which consisted of interest earned on marketable securities held in Trust Account of $2,447,373, offset by general and administrative expenses of $129,037.
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