HCAC — what changed in the latest 10-Q
A section-by-section comparison of HCAC'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 · 2026-08-19 vs the prior 10-Q · 2026-05-26
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −9 | ~3 | 12 |
| 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 · 2026-08-19
We have neither engaged in any operations nor generated any revenues to date. Our only activities from May 22, 2025 (inception) through June 30, 2026 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and subsequent to the Initial Public Offe…
For the three months ended June 30, 2026, we had net income of $1,374,238, which consists of interest and dividend income earned on cash and investments held in Trust Account of $1,857,285, dividend and interest earned on investments held outside the Trust Account of $2,519, which are offset by form…
For the period from May 22, 2025 (inception) through June 30, 2026, we had net income of $3,679,439, which consists of interest earned on cash and investments held in Trust Account of $4,478,766, dividend and interest earned on investments held outside the Trust Account of $2,720, which are offset b…
As previously announced, on May 31, 2026, we entered into a business combination agreement (the “Business Combination Agreement”) with HCAC Star Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”), and REEcycle Holdings, Inc., a Delaware corporation (…
We expect to continue to incur significant costs in the pursuit of our acquisition plans. We currently expect the Business Combination to close in the fourth quarter of 2026. We cannot assure you that our plans to complete the Business Combination will be successful.
Text removed vs the prior filing · source: 10-Q · 2026-05-26
We expect to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.
On April 1, 2026, the Company, announced that it had entered into a non-binding letter of intent (the “LOI”) with REEcycle Holdings, Inc. (“REEcycle”).
The LOI is an expression of mutual intent only and, except for certain specified provisions (including those relating to exclusivity, confidentiality, expenses, governing law, and similar matters), is non-binding and does not obligate any party to consummate a transaction or to enter into a definiti…
We have neither engaged in any operations nor generated any revenues to date. Our only activities from May 22, 2025 (inception) through March 31, 2026 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and subsequent to the Initial Public Off…
For the three months ended March 31, 2026, we had net income of $1,652,279, which consists of interest earned on cash and investments held in Trust Account of $1,835,205, interest earned on investments held outside the Trust Account of $200, which are offset by formation, general and administrative …
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