What changed in this filing

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Item 1B. Unresolved Staff Comments

2026-02-20 compared with 2025-03-25 · 59 added, 12 removed, 3 unchanged (96% of the section changed)

2 unchanged sentences

Cybersecurity.

Cybersecurity Risk Management

We are a special purpose

acquisition company with no business operations.

Since our Initial Public Offering, our sole business activity has been identifying and

evaluating suitable acquisition transaction candidates.

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

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

Our management is generally

responsible for the oversight of risks from cybersecurity threats, if any.

Information regarding any cybersecurity incidents would be

shared with our board of directors or audit committee to enable assessments related to disclosure and notice requirements.

encountered any cybersecurity incidents since our Initial Public Offering.

Cybersecurity Risk Management and Strategy

Following the closing of

the Business Combination, we rely on information technology systems, network infrastructure, operational technology, and digital platforms

to operate our business, manage manufacturing processes, support recycling operations, interact with suppliers and customers, maintain

financial records, and process transactions.

Our information systems include internally developed systems and processes, as well as systems

and services provided by third-party vendors and cloud service providers .

Our information systems and

operational technology may be vulnerable to cybersecurity threats and incidents, including unauthorized access, malicious code, ransomware,

phishing, social engineering, insider threats, denial-of-service attacks, and other cyber-attacks that could compromise the confidentiality,

integrity, or availability of our systems or data.

Cybersecurity threats have become increasingly sophisticated, including as threat actors

leverage artificial intelligence, automation, and advanced social engineering techniques, and may originate from criminal organizations,

insiders, or state-sponsored actors.

The Company is subject to

cyber threats in the ordinary course of business.

While we have not experienced any material cybersecurity incidents to date, we cannot

assure that future incidents will not occur.

We recognize that cybersecurity threats pose ongoing risks which, if realized, could have

a material adverse impact on our business, financial condition and results of operations.

A successful cybersecurity incident could result

in business disruption, loss of intellectual property, regulatory exposure, reputational harm, or financial losses, any of which could

materially and adversely affect our business, results of operations, or financial condition.

For additional discussion of cybersecurity

risks, see “Item 1A.

Risk Factors.”

The Company is in the process

of evaluating and developing its cybersecurity risk management framework.

As part of this process, the Company is considering the implementation

of formal cybersecurity policies, procedures, and controls designed to identify, assess, and mitigate cybersecurity risks.

These measures

may include access controls, network monitoring, data backup procedures, incident response planning, vendor risk management practices,

and employee awareness training, among other safeguards.

Management’s Role in Cybersecurity

Following the closing of

the Business Combination, cybersecurity risk management is overseen by senior management under the supervision of the Company’s

Chief Executive Officer (“CEO”).

The Company’s Chief Financial Officer (“CFO”) and Chief Operating Officer

(“COO”), together with the internal IT personnel (collectively, the “IT Security Team”), are expected to support

the development and implementation of cybersecurity policies, controls, and incident response procedures.

In connection with the Company’s

growth and integration of new operating subsidiaries, including international operations, the Company expects to continue enhancing its

cybersecurity governance structure, internal controls, and monitoring capabilities.

Following the closing of

the Business Combination, the Audit Committee of the Board of Directors is expected to oversee cybersecurity-related risks as part of

its broader oversight of the Company’s risk management processes.

The Audit Committee may receive periodic updates from management

regarding cybersecurity risks, controls, incident response planning, and significant developments in the Company’s information security

Management intends to report

to the Audit Committee on cybersecurity matters as part of its broader enterprise risk management reporting, including any significant

cybersecurity threats, incidents, or remediation efforts.

The Audit Committee is also expected to oversee management’s efforts to

assess cybersecurity risks associated with third-party vendors, cloud service providers, and operational technology systems used in manufacturing

and recycling facilities.

The Board and Audit Committee

are expected to consider cybersecurity risk as an integral component of the Company’s overall risk management framework and strategic

planning process.

Our executive offices are

located at 4040 NE 2nd Ave, Ste 348, Miami, Florida 33137, and our telephone number is (561) 225-3205.

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