IGACR — what changed in the latest 10-Q
A section-by-section comparison of IGACR'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 · 2026-08-10 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −2 | ~6 | 13 |
| 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 · 2026-08-10
For the six months ended June 30, 2026, we had a net income of $2,634,541, which consists of income earned on marketable securities held in the trust account of $3,067,637 and bank interest income of $7,814, partially offset by general and administrative expenses of $440,910.
For the period from April 7, 2025 (inception) through June 30, 2025, we had a net loss of $42,482, which consists of general and administrative expenses of $42,482.
For the period from April 7, 2025 (inception) through June 30, 2025, cash used in operating activities was $0. Net loss of $42,482 was affected by payment of expense through promissory note of $10,420. Changes in operating assets and liabilities provided $32,062 of cash for operating activities.
As of June 30, 2026, we had marketable securities held in the trust account of $176,163,459. We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account (which interest shall be net of any taxes payable and exclud…
As of June 30, 2026, we had cash equivalents of $669,779. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of pr…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
As of March 31, 2026, we had marketable securities held in the trust account of $174,617,842. We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account (which interest shall be net of any taxes payable and exclu…
As of March 31, 2026, we had cash of $705,191. We intend to use the funds held outside the trust account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective t…
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