What changed 10-K

Item 1B. Unresolved Staff Comments

2026-03-04 compared with 2025-03-31 · 1 added, 1 removed, 12 unchanged (14% of the section changed)

11 unchanged sentences

We have not encountered any cybersecurity incidents since our Initial Public Offering .

In addition to our own cybersecurity risks, any proposed Business Combination target may have been subject to, or may in the future be subject to, cybersecurity incidents.

In addition to our own cybersecurity risks, any proposed Business Combination target, such as ThomasLloyd, may have been subject to, or may in the future be subject to, cybersecurity incidents.

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.