NTWOW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-12

• For the three months ended March 31, 2025, we had a net income of $1,685,254, which consists of interest earned on marketable securities held in the Trust Account of $1,828,144 and general and administrative costs of $155,106.

• We have a mandatory liquidation date of November 4, 2026, the end of our Combination Period, at which time we will cease all operations except for the purpose of winding up, redeeming public shares, and liquidating. As of March 31, 2026, we had a working capital of $536,236 and cash of $497,393 outs…

• In accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements – Going Concern,” Management has evaluated whether conditions and events raise substantial doubt about our ability to continue as a going concern within one year after the date that the unaudited condensed financial stat…

• If we are unable to complete a Business Combination by November 4, 2026, we will liquidate the Trust Account and distribute the funds to our Public Shareholders. This condition raises substantial doubt about our ability to continue as a going concern. The unaudited condensed financial statements inc…

• Management does not believe that there are any recently issued, but not yet effective, accounting standards, which, if currently adopted, would have a material effect on the unaudited condensed financial statements and notes thereto included in this Report under “Item 1. Financial Statements.”

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• For the three months ended September 30 2024, we had a net loss of $25,780, which consists of general and administrative costs of $25,780.

• For the nine months ended September 30, 2025, we had a net income of $5,102,832, which consists of interest earned on marketable securities held in the Trust Account of $5,529,558, interest on operating account of $33,637 and general and administrative costs of $460,363.

• For the period from June 18, 2024 (inception) through September 30, 2024, we had a net loss of $41,602, which consists of general and administrative costs of $41,602.

• We have a mandatory liquidation date of November 4, 2026, the end of our Combination Period, at which time we will cease all operations except for the purpose of winding up, redeeming public shares, and liquidating. As of September 30, 2025, we had working capital of $959,617 and $949,601 of cash ou…

• In accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements – Going Concern,” Management has evaluated whether conditions and events raise substantial doubt about our ability to continue as a going concern within one year after the date that the financial statements included in t…

Text added vs the prior filing · source: 10-Q · 2026-05-12

• There have been no changes to our internal control over financial reporting during the quarterly period ended March 31, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text added vs the prior filing · source: 10-Q · 2026-05-12

• Our search for an initial Business Combination, and any target business with which we may ultimately consummate an initial Business Combination, may be materially adversely affected by current global geopolitical conditions and armed conflicts between Ukraine and Russia and in the Middle East betwee…

• Our ability to find a potential target business and the business of any company with which we may consummate a Business Combination could be materially and adversely affected by events that are outside of our control. For example, United States and global markets have experienced and may continue to…

• The invasion of Ukraine by Russia and the escalation of the conflict involving the United States, Israel and Iran and others in the Middle East and Southwest Asia and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States, the United Kingdom, the Eu…

• Similarly, other events outside of our control, including natural disasters, climate-related events and pandemic or health crises (such as the COVID-19 pandemic) may arise from time to time, and any such events may cause significant volatility and declines in the global markets and have disproportio…

• Any of the abovementioned factors, or any other negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine, the escalation of the conflict involving the United States, Israel and Iran and others in the Middle East and Southw…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• There is substantial doubt about our ability to continue as a “going concern.”

• In connection with our assessment of going concern considerations under applicable accounting standards, Management has determined that our possible need for additional financing to enable us negotiate and complete our initial Business Combination, as well as the deadline by which we may be required…