10-Q filed 2026-08-13 — the auditors raised going-concern doubt · trust $302.1M→$303.9M (+0.6%) · sponsor loan $300K→$250K
vs prior 10-Q 2026-05-15: going-concern doubt APPEARED.
trust $302.1M→$303.9M (+0.6%).
sponsor loan $300K→$250K.
Why it matters: Management explicitly discloses that the entity’s current liquidity condition 'raises substantial doubt about the Company’s ability to continue as a going concern.' Unrestricted operating cash sits at $891,230 while contractual obligations include a $30,000 monthly administrative support fee payable to the sponsor. Because the SPAC has g….
- Cash in the trust account
- $302.1m$303.9m
- Cash behind each share
- $10.06$10.12
- Shares that can still be handed back
- 30,015,00030,015,000
- The company's own deadline
- 2028-01-232028-01-23
The pot grew, and so did each share's claim on it — interest, with nobody leaving.
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Friday 15 May. Cash behind each share is those two figures divided.