SCPQW — what changed in the latest 10-Q
A section-by-section comparison of SCPQW'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 · 2026-05-05 vs the prior 10-Q · 2026-02-03
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +13 | −14 | ~3 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| 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): Market risk (Item 3), 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 · 2026-05-05
For the three months ended March 31, 2026, we had a net income of $607,344, which consist of interest earned on marketable securities held in Trust Account of $880,040 offset by, operating costs of $272,696.
On December 24, 2025, the Company consummated the Initial Public Offering of 10,000,000 Units, at $10.00 per Unit, generating gross proceeds of $100,000,000. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 350,000 Private Placement …
Following the closing of the Initial Public Offering, on December 24, 2025, an amount of $100,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units and the Private Placement Warrants, was placed in the trust account (the “Trust Account”), with Continental Stock Transfer & Trust Co…
For the three months ended March 31, 2026, net cash used in operating activities was $478,493. Net income (loss) of $607,344 was affected by interest earned on marketable securities held in Trust Account of $880,040. Changes in operating assets and liabilities used $205,797 of cash for operating act…
As of March 31, 2026, we had cash held in the trust account of $100,939,630 consisting of money market funds with a maturity of 185 days or less. We may withdraw interest from the trust account as described above. We intend to use substantially all of the funds held in the trust account, including a…
Text removed vs the prior filing · source: 10-Q · 2026-02-03
For the period from August 11, 2025 (Inception) Through September 30, 2025, we had a net loss of $52,729, which consists of formation, general, and administrative costs.
Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor.
Subsequent to the quarterly period covered by this Quarterly Report on Form 10-Q, on December 24, 2025, we consummated the Initial Public Offering of 10,000,000 Public Units, at $10.00 per Public Unit, generating gross proceeds of $100,000,000. Simultaneously with the closing of the Initial Public O…
Following the Initial Public Offering, the full exercise of the over-allotment option, and the sale of the Public Units, a total of $100,000,000 was placed in the trust account. We incurred total transaction costs amounting to $5,984,169, consisting of $2,000,000 of cash underwriting fee, $3,500,000…
For the period from August 11, 2025 (inception) through September 30, 2025, net cash used in operating activities was $0. Net loss of $52,729 was affected by payment of formation, general, and administrative costs through promissory note of $52,729.
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