JWSUF — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-13

• The board approved draws of an aggregate of $225,000 (the “Extension Funds”) pursuant to the March 2024 Note and the October 2024 Note (each as defined below), which are Extension Funds we subsequently deposited into our trust account for our public stockholders. These deposits enabled us to extend …

• On November 26, 2024, we held an extraordinary general meeting of shareholders (A) to amend, by way of special resolution, our amended and restated memorandum and articles of association to extend the date termination date by which we have to consummate a business combination from December 4, 2024 t…

• We have neither engaged in any operations nor generated any revenues to date. Our only activities through March 31, 2026 were organizational activities, those necessary to prepare for the initial public offering, described below, and identifying a target company for a Business Combination. We do not…

• For the three months ended March 31, 2026, we had a net income of $269,426, which consisted of change in fair value warrant liability of $372,250, general and administrative expenses of $108,814, partially offset by interest earned on cash held in Trust Account of $5,990.

• For the three months ended March 31, 2025, we had a net loss of $507,977, which consisted of change in fair value of warrant liabilities of $372,250 and general and administrative expenses of $142,551 partially offset by interest earned on cash held in the Trust Account of $6,824.

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• We have neither engaged in any operations nor generated any revenues to date. Our only activities through September 30, 2025 were organizational activities, those necessary to prepare for the IPO, described below, and identifying a target company for a Business Combination. We do not expect to gener…

• For the three months ended September 30, 2025, we had a net loss of $59,961, which consisted of general and administrative expenses of $66,945, partially offset by interest earned on cash held in Trust Account of $6,984.

• For the nine months ended September 30, 2025, we had a net loss of $327,739, which consisted of general and administrative expenses of $348,492, partially offset by interest earned on cash held in Trust Account of $20,753.

• For the three months ended September 30, 2024, we had a net income of $2,928,626, which consisted of interest earned on cash held in Trust Account of $149,324 and change in fair value of warrant liabilities of $2,978,000, partially offset by general and administrative expenses of $198,698.

• For the nine months ended September 30, 2024, we had a net income of $110,495, which consisted of interest earned on cash held in Trust Account of $471,143 and change in fair value of warrant liabilities of $744,500, partially offset by general and administrative expenses of $1,105,148.

Text added vs the prior filing · source: 10-Q · 2026-05-13

• During the quarter ended March 31, 2026, none of our directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement,…

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• On July 11, 2025, we issued the July 11th Note to our Sponsor in the principal amount of $150,000. The July 11th Note is non-interest bearing and due upon the completion of a business combination. In the event that we do not consummate a Business Combination, the July 11th Note will be repaid only f…

• On July 21, 2025, we issued the July 21st Note to Madison Grose in the principal amount of $272,000. The July 21st Note is non-interest bearing and due upon the completion of a business combination. In the event that we do not consummate a Business Combination, the July 21st Note will be repaid only…