PTAC — what changed in the latest 10-Q
A section-by-section comparison of PTAC'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 · 2026-06-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +4 | −4 | ~10 | 8 |
| 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 · 2026-08-13
For the three months ended June 30, 2026, we had a net income of $167,713, which consists of operating costs of $213,926, compensation expense of $400,000, offset by interest income on investments held in the Trust Account of $728,239 and change in fair value of over-allotment liability of $53,400.
For the six months ended June 30, 2026, we had a net income of $103,277, which consists of operating costs of $278,362, compensation expense of $400,000, offset by interest income on investments held in the Trust Account of $728,239 and change in fair value of over-allotment liability of $53,400.
For the six months ended June 30, 2026, cash used in operating activities was $591,964. Net income of $103,277 was affected by interest earned on investments held in the Trust Account of $728,239, compensation expense of $400,000, change in fair value of over-allotment liability of $53,400 and payme…
The preparation of the unaudited financial statements and notes thereto included in this Report under Item 1. “Financial Statements” in conformity with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses, and the …
Text removed vs the prior filing · source: 10-Q · 2026-06-29
For the three months ended March 31, 2026, we had a net loss of $64,436, which consisted of general and administrative costs.
Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor which were repaid at the closing of the Initial Public Offering.
For the period three months ended March 31, 2026, the net cash used in operating activities was $0. Net loss of $64,436 was affected by the general and administrative costs paid through promissory note – related party of $5,048, changes in prepaid expenses provided $613 and changes in accrued expens…
The preparation of the unaudited condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclo…
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