CAPN — what changed in the latest 10-Q
A section-by-section comparison of CAPN'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 · 2026-05-15 vs the prior 10-Q · 2025-11-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −36 | ~40 | 99 |
| Market risk (Item 3) | Text added/removed | +36 | −36 | ~39 | 99 |
| Controls & procedures | Text added/removed | +36 | −36 | ~39 | 99 |
| Other information | Text added/removed | +36 | −36 | ~38 | 99 |
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, Risk factors
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 · 2026-05-15
Interest earned on cash and investments held in Trust Account 545,855 636,174
Basic and diluted net income per share, ordinary shares subject to redemption $0.03 $0.05
Basic and diluted weighted average shares outstanding, ordinary shares, non-redeemable 1,830,000 1,830,000
Basic and diluted net income per share, ordinary shares, non-redeemable $0.03 $0.05
Subsequent measurement of ordinary shares subject to possible redemption - - (223,891) (321,964) (545,855)
Text removed vs the prior filing · source: 10-Q · 2025-11-12
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 6,000,000 521,739 6,000,000 377,953
Ordinary Shares Additional Paid-in Accumulated Shareholders’
Subsequent measurement of ordinary shares subject to possible redemption - - - (640,013) (640,013)
Subsequent measurement of ordinary shares subject to possible redemption - - (280,725) (367,314) (648,039)
Extension funds attributable to ordinary shares subject to redemption - - - (600,000) (600,000)
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on cash and investments held in Trust Account 545,855 636,174
Basic and diluted net income per share, ordinary shares subject to redemption $0.03 $0.05
Basic and diluted weighted average shares outstanding, ordinary shares, non-redeemable 1,830,000 1,830,000
Basic and diluted net income per share, ordinary shares, non-redeemable $0.03 $0.05
Subsequent measurement of ordinary shares subject to possible redemption - - (223,891) (321,964) (545,855)
Text removed vs the prior filing · source: 10-Q · 2025-11-12
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 6,000,000 521,739 6,000,000 377,953
Ordinary Shares Additional Paid-in Accumulated Shareholders’
Subsequent measurement of ordinary shares subject to possible redemption - - - (640,013) (640,013)
Subsequent measurement of ordinary shares subject to possible redemption - - (280,725) (367,314) (648,039)
Extension funds attributable to ordinary shares subject to redemption - - - (600,000) (600,000)
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on cash and investments held in Trust Account 545,855 636,174
Basic and diluted net income per share, ordinary shares subject to redemption $0.03 $0.05
Basic and diluted weighted average shares outstanding, ordinary shares, non-redeemable 1,830,000 1,830,000
Basic and diluted net income per share, ordinary shares, non-redeemable $0.03 $0.05
Subsequent measurement of ordinary shares subject to possible redemption - - (223,891) (321,964) (545,855)
Text removed vs the prior filing · source: 10-Q · 2025-11-12
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 6,000,000 521,739 6,000,000 377,953
Ordinary Shares Additional Paid-in Accumulated Shareholders’
Subsequent measurement of ordinary shares subject to possible redemption - - - (640,013) (640,013)
Subsequent measurement of ordinary shares subject to possible redemption - - (280,725) (367,314) (648,039)
Extension funds attributable to ordinary shares subject to redemption - - - (600,000) (600,000)
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-15
Interest earned on cash and investments held in Trust Account 545,855 636,174
Basic and diluted net income per share, ordinary shares subject to redemption $0.03 $0.05
Basic and diluted weighted average shares outstanding, ordinary shares, non-redeemable 1,830,000 1,830,000
Basic and diluted net income per share, ordinary shares, non-redeemable $0.03 $0.05
Subsequent measurement of ordinary shares subject to possible redemption - - (223,891) (321,964) (545,855)
Text removed vs the prior filing · source: 10-Q · 2025-11-12
Basic and diluted weighted average shares outstanding, ordinary shares subject to possible redemption 6,000,000 521,739 6,000,000 377,953
Ordinary Shares Additional Paid-in Accumulated Shareholders’
Subsequent measurement of ordinary shares subject to possible redemption - - - (640,013) (640,013)
Subsequent measurement of ordinary shares subject to possible redemption - - (280,725) (367,314) (648,039)
Extension funds attributable to ordinary shares subject to redemption - - - (600,000) (600,000)
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