What changed in this filing

/stocks — the workspaceLOADING

Item 1B. Unresolved Staff Comments

2026-04-20 compared with 2025-04-14 · 74 added, 19 removed, 2 unchanged (98% of the section changed)

1 unchanged sentence

Cybersecurity

are a special purpose acquisition company with no business operations.

Since our IPO, our sole business activity has been identifying

and evaluating suitable acquisition transaction candidates.

Therefore, we do not consider that we face significant cybersecurity risk.

have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk.

Our management is generally

responsible for assessing and managing any cybersecurity threats.

If and when any reportable cybersecurity incident arises, our management

shall promptly report such matters to our board of directors for further actions, including regarding the appropriate disclosure, mitigation,

or other response or actions that the board deems appropriate to take.

of the date of this report, we have not encountered any cybersecurity incidents since our IPO.

currently maintain our executive offices at 205 W.

37th Street, New York, NY 10018.

The cost for our use of this space

is included in the $10,000 per month fee we will pay to TenX Global Capital LP, an affiliate of our Sponsor, for office space, utilities

and secretarial and administrative services.

We consider our current office space adequate for our current operations.

LEGAL PROCEEDINGS

MINE SAFETY DISCLOSURES

maintain processes for assessing, identifying and managing material risks from cybersecurity threats to our business.

These processes

apply to our internal information systems, connected products, software, data, third-party service providers and certain aspects of our

supply chain and business operations.

Our business involves the use of computers, mobile devices, online platforms and other information

technologies in substantially all aspects of our operations, including communications with employees, suppliers, manufacturers, distributors,

customers and consumers.

As a result, cybersecurity risk is an important part of our overall risk management activities.

cybersecurity risk management processes are designed to address risks that may arise from unauthorized access to systems or data, theft,

destruction, loss, misappropriation or release of personal information or intellectual property, ransomware and other malware, phishing

and other social engineering, software vulnerabilities, misuse of credentials, failures of third-party hosted environments or applications,

and disruptions affecting the information technology systems of third parties on which we rely.

These processes also reflect that security

incidents can take a variety of forms and continue to evolve as threat actors become more sophisticated.

part of these processes, we use a combination of safeguards and procedures that may include user access controls, monitoring and logging,

device and endpoint protections, vulnerability identification and remediation, incident response and escalation procedures, employee

awareness measures, and third-party diligence and oversight, as appropriate for our size and operations.

Because we are an early-stage

company with limited personnel and resources, our cybersecurity processes are designed to be proportionate to our current business and

organizational structure.

At the same time, our limited resources may affect the scope and speed of our ability to investigate, remediate

and prevent vulnerabilities and security incidents.

also consider cybersecurity matters in connection with the development, deployment and support of our products and products.

depends in part on connected products, software functionality, wireless communications and evolving technologies,

and we may be required to expand and improve our information technologies as our business grows.

These factors may increase our technological

presence and corresponding exposure to cybersecurity risk.

In addition, because we rely on wireless carriers and other third-party service

providers in aspects of our business, interruptions, failures or security issues affecting those parties could adversely affect our operations,

services and reputation.

rely on third parties in several aspects of our business, including technology, logistics, communications and product sourcing, and we

consider third-party and supply-chain exposures as part of our cybersecurity risk management processes.

Our dependence on suppliers and

other external counterparties may increase our exposure to operational disruptions, technology failures and other incidents outside our

direct control.

We also consider broader business continuity risks that could affect us or the third parties on which we depend, including

natural disasters, power outages, geopolitical events, trade disputes, terrorism and other disruptions.

business is also subject to privacy, data security and related laws and regulations in the United States and other jurisdictions.

addition to breach notification requirements that may be triggered by a security incident, we may be contractually required to notify

customers or other counterparties of certain incidents.

Maintaining safeguards and responding to an actual or suspected security incident

may be costly and resource-intensive and could subject us to regulatory scrutiny, litigation, fines, penalties, remediation costs, reputational

harm and business interruption.

We therefore consider legal and regulatory developments relating to privacy, data security and the processing

of personal information as part of our cybersecurity risk management processes.

we conduct certain operations in the PRC and have PRC-related suppliers, our cybersecurity and data-related risk management processes

also take into account certain PRC laws, regulations and regulatory developments.

These include the PRC Cybersecurity Law, the PRC Data

Security Law, the Personal Information Protection Law, the Cybersecurity Review Measures and the multi-level protection scheme, or MLPS.

These laws and regulations may impose obligations relating to network security, data handling, personal information protection, classification

and protection of data, and potential cybersecurity review requirements.

We monitor these developments as part of our overall compliance

and risk management activities because changes in PRC laws, regulations, interpretations or enforcement practices could impose additional

obligations on us, our subsidiaries, suppliers or business partners, or could disrupt our operations.

of the date of this Annual Report on Form 10-K, we have not received any notice from PRC authorities identifying us as a critical

information infrastructure operator or requiring us to undergo a cybersecurity review or network data security review by the CAC.

However, the interpretation and enforcement of PRC laws and regulations remain uncertain, and future developments could affect our

business, operations and compliance obligations.

Cybersecurity

oversight is part of our overall risk oversight framework.

Our board of directors oversees major business risks, including material cybersecurity

risks, and management is responsible for the day-to-day assessment and management of those risks.

Management’s oversight involves

coordination among personnel responsible for information technology, operations, product development, finance and legal or compliance

matters, as appropriate.

Material cybersecurity matters are escalated to senior management and, where appropriate, to the board of directors.

This framework reflects our size, organizational structure and stage of development.

of the date of this Annual Report on Form 10-K, we are not aware of any cybersecurity incident that has materially affected, or is reasonably

likely to materially affect, the Company, including our business strategy, results of operations or financial condition.

However, there

can be no assurance that our processes and measures will be effective to prevent all cybersecurity threats or incidents.

incident, other technology disruption, or failure to comply with privacy, data security or related laws and regulations could harm our

brand and reputation, disrupt our operations, subject us to regulatory scrutiny or legal liability, and materially adversely affect our

business, results of operations and financial condition.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1B. Unresolved Staff Comments