APUR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• We have neither engaged in any operations nor generated any revenues to date. Our only activities since September 10, 2025 (inception) through June 30, 2026 have been (i) organizational activities and (ii) activities relating to (x) the Initial Public Offering and (y) identifying and evaluating pros…

• For the three months ended June 30, 2026, we had net income of $56,399, which consisted of $356,899 of income earned on cash and marketable securities held in the Trust Account, $527 of interest income earned on bank account, offset by $93,977 of formation, general and administrative expenses, $110,…

• For the six months ended June 30, 2026, we had net income of $33,192, which consisted of $356,899 of income earned on cash and marketable securities held in the Trust Account, $830 of interest income earned on bank account, offset by $117,487 of formation, general and administrative expenses, $110,8…

• For the six months ended June 30, 2026, net cash used in operating activities was $315,325. Net income of $33,192 was increased by a $8,382 increase in operating assets and liabilities, offset by $356,899 of interest income on the Trust Account.

• The Company has until May 22, 2027 to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution.

Text removed vs the prior filing · source: 10-Q · 2026-06-25

• The IPO Registration Statement was declared effective on May 14, 2026. On May 22, 2026, we consummated the Initial Public Offering of 10,200,000 Public Units at $10.00 per Public Unit, which included 1,200,000 Option Units purchased by the Underwriters as a result of the partial exercise of the Over…

• Simultaneously with the consummation of the Initial Public Offering, we consummated the sale of an aggregate of 311,000 Private Placement Units to the Sponsor and the Underwriters, at a price of $10.00 per Private Placement Unit, which included 21,000 Private Placement Units purchased by the Sponsor…

• Upon the closing of the Initial Public Offering, an aggregate of $10.025 per Public Unit sold in the Initial Public Offering, or $102,255,000, was deposited into the Trust Account.

• In connection with the consummation of the Initial Public Offering and Private Placement on May 22, 2026, $262,389 of proceeds were used to repay the IPO Promissory Note in full, resulting in an overpayment of $24,700 which is recorded on the unaudited balance sheets of the financial statements incl…

• The Underwriters were paid a cash underwriting discount of $0.15 per Unit, or $1,530,000 in the aggregate, upon the closing of the Initial Public Offering. Additionally, we issued 450,000 Representative Shares to the Underwriters, or their designees, at the consummation of the Initial Public Offerin…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• Other than as discussed above, there have been no changes to our internal control over financial reporting during the quarterly period ended June 30, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.