GIWWU — what changed in the latest 10-Q

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

• We intend to effectuate our initial business combination using cash from the proceeds of our Offering and the sale of the Private Placement Units, the sale of the Private Investor Shares, our common equity or any preferred equity that we may create in accordance with the terms of our charter documen…

• For the three months ended March 31, 2026, we had net income of $1,943,768, which consisted of interest and dividend income on cash and marketable securities held in the Trust Account and operating account of $2,254,569 and $297, respectively, that were partially offset by operating expenses of $311…

• Our liquidity needs have been satisfied to date through: (1) the receipt of $25,000 from the sale of the Founder Shares, (2) the net proceeds of $251,211,946 from the sale of the public units in the Offering, after deducting net offering expenses of approximately $1,788,054, which includes an underw…

• As of March 31, 2026, we held cash and marketable securities in the amount of $257,522,252 in the Trust Account. The marketable securities consisted of money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940 which invest only in direct U.S. government o…

• For the three months ended March 31, 2026, cash used in operating activities was $391,037, resulting from interest and dividends earned on marketable securities held in the Trust Account of $2,254,569, plus an increase in prepaid expenses and other current assets of $39,634 and a decrease in account…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• We intend to effectuate our initial business combination using cash from the proceeds of our initial public offering (the “Offering”), the sale of 2,964,203 Class B ordinary shares (“Private Investor Shares”) and the sale of 357,625 private placement units consisting of one Class A ordinary shares a…

• For the three months ended September 30, 2025, we had a net loss of $81,610, which consisted of operating expenses of $81,620 offset by interest income on cash in our operating account of $10.

• For the period from June 30, 2025 (inception) through September 30, 2025, we had a net loss of $86,973, which consisted of operating expenses of $86,983 offset by interest income on cash in our operating account of $10.

• Until the consummation of the Offering, our only source of liquidity was the initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and the loan from our Sponsor.

• On October 7, 2025, we consummated the Offering, including the over-allotment option, of 25,300,000 units at $10.00 per unit generating gross proceeds of $253,000,000. Simultaneously with the closing of the Offering, we consummated the sale of an aggregate of 2,964,203 Class B ordinary shares at a p…

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

• As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31,

• 2026. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were effective.

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2025. Based upon their evaluation, our Chief…