KRAQ — what changed in the latest 10-Q
A section-by-section comparison of KRAQ'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 · 2026-08-13 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +4 | −3 | ~6 | 22 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
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), Risk factors, 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 · 2026-08-13
For the six months ended June 30, 2026, we had a net loss of $6,064,900, which resulted from general and administrative expenses of $11,197,419 partially offset by interest earned on marketable securities held in the trust and operating accounts of $5,132,519.
For the six months ended June 30, 2026, net cash used in operating activities was $882,361. Net loss of $6,064,900 was adjusted for interest earned on marketable securities of $5,120,100. Changes in operating assets and liabilities provided $10,302,639 primarily due to the increase in advisory payab…
For the six months ended June 30, 2026, cash used by investing activities was $344,794,728, which was primarily due to cash being deposited into the trust account of $345,000,000, net of proceeds from sale of investments deposited in the operating account for working capital needs of $205,272.
For the six months ended June 30, 2026, net cash provided by financing activities was $346,379,495, primarily attributable to proceeds from the sale of Units (defined below), Private Placement Warrants (as defined below) and public warrants issued as part of the Units. These proceeds were partially …
Text removed vs the prior filing · source: 10-Q · 2026-05-15
For the three months ended March 31, 2026, net cash used in operating activities was $669,888. Net loss of $8,910,820 was adjusted for interest income on marketable securities of $2,049,415. Changes in operating assets and liabilities used $10,290,347 primarily due to the increase in prepaid expense…
For the three months ended March 31, 2026, cash used by investing activities was $344,949,706, which was primarily due to cash being deposited into the trust account of $345,000,000, and the proceeds from sale of investments deposited in the operating account for working capital needs of $50,294.
For the three months ended March 31, 2026, net cash provided by financing activities was $346,400,064, which was due to proceeds from the sale of Units (defined below), Private Placement Warrants (as defined below) and public warrants issued as part of the Units.
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