This is a clerical correction with no financial impact. Monitor for a business combination announcement before the May 5, 2027 deadline; the trust account provides a $10.00 per-share floor for public shareholders.
Price Chart
Executive Summary
Westin Acquisition Corp. filed an amended 10-Q to correct the number of Class A ordinary shares subject to possible redemption from 5,000,000 to 5,750,000, reflecting the full exercise of the underwriters' over-allotment option in the November 2025 IPO. The amendment also removes an erroneously included right of first refusal disclosure for SAP. The correction has no impact on the trust account balance ($57.5M) or the company's pre-revenue SPAC status, but it fixes EPS and share-classification disclosures.
Key Facts
- Original 10-Q incorrectly stated 5,000,000 Class A shares subject to redemption; corrected to 5,750,000 shares.
- Correction stems from underwriters' full exercise of over-allotment option on November 5, 2025.
- Erroneous disclosure of a right of first refusal granted to SAP was removed.
- Trust account holds $57,500,000 ($10.00 per unit) as of March 31, 2026.
- Company has a working capital deficit of $149,751 and a going concern qualification due to the 18-month deadline (May 5, 2027) to complete a business combination.
- Net income of $380,859 for Q3 FY2026 consists entirely of interest income on trust assets ($468,454) offset by operating expenses ($87,595).
Financial Impact
No change to total trust proceeds ($57.5M) or cash position ($361,629). Correction reclassifies 750,000 additional shares as temporary equity at $51.7M carrying value, with no impact on net income or cash flows.
Risk Factors
- Failure to complete a business combination by May 5, 2027 triggers mandatory liquidation and dissolution.
- Working capital deficit and reliance on sponsor promissory note ($449,377 outstanding) raise going concern risk.
- No target identified or substantive discussions initiated as of the filing date.
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-Q/A Filing (Primary) | 0001213900-26-103652 |
| Document: ea028859001ex10-1.htm | 0001213900-26-103652 |
| Document: ea028859001ex31-2.htm | 0001213900-26-103652 |
| Document: ea028859001ex31-1.htm | 0001213900-26-103652 |
| Document: ea028859001ex32-2.htm | 0001213900-26-103652 |
| Document: ea028859001ex32-1.htm | 0001213900-26-103652 |
| Document: 0001213900-26-103652-index-headers.html | 0001213900-26-103652 |
| Document: 0001213900-26-103652-index.html | 0001213900-26-103652 |
| Document: 0001213900-26-103652.txt | 0001213900-26-103652 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | SC 13G/A | $10.20 | awaiting T+60 | — | $10.21 (+0.10%) |
Sep 25, 2026 4w ago | 10-Q/A | $10.15 | awaiting T+60 | — | $10.21 (+0.59%) |
Sep 25, 2026 4w ago | 10-Q/A | $10.15 | awaiting T+60 | — | $10.21 (+0.59%) |
Jul 22, 2026 13w ago | Press Release | $10.13 $10.20 | ▲ +0.69% | ▼ −3.86% | $10.21 (+0.79%) |
US Market Status
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