What changed in this filing

/stocks — the workspaceLOADING

Item 1B. Unresolved Staff Comments

2026-03-30 compared with 2025-03-31 · 42 added, 21 removed, 3 unchanged (95% of the section changed)

2 unchanged sentences

CYBERSECURITY

Although, as a blank check

company, we do not have any operations, we are nonetheless subject to the risk of cybersecurity incidents.

Among other things, the investments

in our Trust Account and bank deposits may be vulnerable to such incidents, and we may depend on the digital technologies of third parties.

We and third parties may be subject to cybersecurity attacks or security breaches.

To the extent that we rely on the technologies of third

parties, we depend upon the personnel and the processes of such third parties to protect against cybersecurity incidents, and we have

no personnel or processes of our own for this purpose.

In the event of a cybersecurity incident impacting us, our management team will

report to the Board of Directors and provide updates on the management team’s incident response plan for addressing and mitigating

any risks associated with such an incident.

As an early stage company without significant investments in data security protection, we

may not be sufficiently protected against such occurrences.

We also lack sufficient resources to adequately protect against, or to investigate

and remediate any vulnerability to, cyber incidents.

It is possible that any of these occurrences, or a combination of them, could have

material adverse consequences on our business and lead to financial loss.

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.

Cybersecurity Risk Management and Compliance

We have established comprehensive frameworks and processes to manage material risks from cybersecurity threats, including the identification, assessment, and mitigation of existing cybersecurity risks, as well as continuous monitoring for emerging risks that could impact our operations.

Our approach is aligned with industry-leading frameworks such as the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework and is intended to guide our cybersecurity practices.

However, this alignment does not imply that we meet any specific standards, specifications, or regulatory requirements, rather, we use NIST as a foundational guide for our initiative plan.

Our cybersecurity and physical security controls are implemented through a robust set of policies and procedures designed for the planning, execution, management, assessment, innovation, and continuous improvement of security measures.

This includes a multi-layered network security architecture, regular security assessments, and penetration testing to proactively identify and address vulnerabilities.

We have implemented critical security technologies, such as firewalls, Intrusion Detection and Prevention Systems (“IDPS”), and Endpoint Detection and Response (“EDR”) solutions.

Additionally, we conduct periodic vulnerability assessments and simulated cyberattack exercises to identify, mitigate, and remediate weaknesses within our IT infrastructure.

Our technology environment includes enterprise business systems and specialized analytical and technical software environments used for engineering and design activities.

To safeguard these systems, we utilize security measures such as role-based access controls, multi-factor authentication for privileged accounts, encryption of sensitive data in transit and at rest, secure configuration standards, endpoint detection and response tools, and periodic cybersecurity awareness training for employees.

We also maintain processes designed to identify and manage cybersecurity risks associated with third-party service providers that may have access to our systems or data, including security due diligence for critical vendors and contractual data protection and breach notification requirements where appropriate.

Governance and Oversight

Oversight of enterprise risk, including cybersecurity risk, is the responsibility of the Company’s Chief Executive Officer (“CEO”), Chief Technology Officer (“CTO”), Chief Operating Officer (“COO”), and Chief Financial Officer (“CFO”) .

These executives oversee the Company’s cybersecurity priorities and risk management activities, including policies, procedures, and monitoring processes designed to safeguard the Company’s information assets and technology systems.

Delegated members of this leadership team are responsible for cybersecurity risk monitoring, threat detection, and incident reporting to the Audit Committee of the Company’s Board of Directors, as well as reviews and evaluates the processes utilized by management to identify and assess the material internal and external risks that may affect our business.

The Audit Committee receives updates regarding cybersecurity risks and incidents, as appropriate, as part of its oversight of enterprise risk management.

The Chief Operating Officer is responsible for cybersecurity strategy and implementation, including risk assessment, mitigation, and incident response, while the Chief Financial Officer is responsible for coordinating regulatory reporting related to cybersecurity matters.

Key individuals involved in overseeing and executing our cybersecurity strategy include:

· Chief Executive Officer - more than 20 years of finance and investment management experience across a broad range of industries and markets.

Prior to joining the Company, he held senior leadership roles at Man Global Strategies, the strategic investment division of Man Group Plc, where he led strategic investments in North America and served on the firm’s Investment Committee.

He began his career as a derivatives structurer and trader at Credit Suisse Financial Products.

· Chief Technology Officer - globally recognized expert in molten salt reactor (“MSR”) technologies with extensive experience in the development of advanced nuclear power systems.

He founded Ottawa Valley Research Associates Ltd.

to advance MSR technologies and has contributed to numerous patents, academic publications, and international industry forums focused on advanced reactor development.

· Chief Financial Officer - over 25 years of financial leadership experience serving as an executive and officer at large public and private companies.

He has extensive experience in financial planning, public company reporting and financing, budgeting and forecasting, systems implementation, mergers and acquisitions, and regulatory compliance.

Thrasher is a Certified Public Accountant and began his career in public accounting at Ernst & Young.

· Chief Operating Officer - over 44 years of experience in the energy sector, including more than 20 years in the nuclear industry.

He has extensive experience in major project execution, operational leadership, supply chain management, and engagement with clients, suppliers, and regulators.

Prior to joining the Company, he held senior leadership roles at Siemens Canada and Ontario Hydro / Ontario Power Generation.

· IT Director – over 20 years of IT leadership and management experience in various facets of the IT environment including risk and change and cybersecurity.

He has overseen system implementations, IT infrastructure and network management, and related risk and change process improvements.

These individuals have played a central role in ensuring our transition to public company status, collaborating with both internal and external IT specialists to meet strictest compliance standards in alignment with applicable regulatory frameworks, including NIST, the Canadian Nuclear Safety Commission (“CNSC”), the U.S.

Nuclear Regulatory Commission (“NRC”), the Department of Energy (“DOE”), the Federal Bureau of Investigation (“FBI”), and the Canadian Centre for Cyber Security (“CCCS”).

Cyber Risk Management Strategy and Execution

The executive management team is directly responsible for the execution of our cyber risk management strategy and the implementation of the controls designed to protect the Company's operational infrastructure.

This includes both ongoing oversight of security initiatives and the application of continuous improvement measures to ensure the integrity, confidentiality, and availability of our systems.

Potential cybersecurity threats are identified and analyzed through the Company’s ongoing monitoring of its technology environment, including security monitoring activities, centralized logging, and threat detection processes supported by internal personnel and external cybersecurity service providers.

The COO and CFO, in consultation with the Company’s General Counsel where appropriate, assess the materiality of cybersecurity incidents and determine any required public disclosure in accordance with applicable securities laws.

Currently, we are not aware of any risks from cybersecurity threats or cybersecurity incidents that have materially affected or are reasonably likely to materially affect the Company .

Our headquarters is located in Charlotte, North Carolina, where we have leased approximately 7,355 square feet of commercial office space, expiring in July 2030.

Additionally, we have leased approximately 9,822 square feet of office space in Oakville, Canada, for engineering and R&D support, expiring in January 2030.

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