SPKLU — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-14

• We intend to utilize cash derived from the proceeds of our initial public offering (the “IPO”) and the private placement of Private Units, our securities, debt or a combination of cash, securities and debt, in effecting our initial business combination. In order to finance our working capital needs,…

• On June 25, 2025, we issued a non – convertible unsecured promissory note in the principal amount of up to $2,500,000 to the Sponsor, of which we borrowed $2,200,000 and 1,700,000 as of March 31, 2026 and December 31, 2025, respectively. The non - convertible unsecured promissory note does not bear …

• We have neither engaged in any operations nor generated any operating revenues to date. Our only activities through March 31, 2026 were organizational activities and those necessary to prepare for our IPO, which is described below, and subsequent to the IPO, identifying a target company for an initi…

• We expect to generate non-operating income in the form of interest income on investments held in the trust account after the IPO. We have incurred, or expect that we will incur, increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing complian…

• On October 11, 2023, we consummated our IPO of 10,000,000 Units. Each Unit consists of one Class A ordinary share, par value $0.0001 and one-half of one redeemable Public Warrant, with each Public Warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subje…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• We intend to utilize cash derived from the proceeds of our Initial Public Offering and the private placement warrants (the “Private Placement Warrants”), our securities, debt or a combination of cash, securities and debt, in effecting our initial Business Combination. In order to finance our working…

• We have incurred, or 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.

• We have neither engaged in any operations nor generated any revenues to date. Our only activities from July 12, 2021 (inception) through September 30, 2025 were organizational activities and those necessary to prepare for the Initial Public Offering, described below, and subsequent to the Initial Pu…

• For the three months ended September 30, 2025, we had a net loss of $475,225, which consists of operating expenses of $595,005 and administration – related party expenses of $272,830 offset by the interest earned on investments held in the Trust Account of $391,382, forgiveness of debt of $1,227, an…

• For the nine months ended September 30, 2024, we had net income of $2,543,207, which consists of operating expenses of $515,714 and administration – related party expenses of $965,030, offset by the interest earned on investments held in the Trust Account of $4,023,947 and operating account interest…