Vendome Acquisition Corp I
For the period ended Mar 31, 2026. Filed May 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-19.
0001140361-25-042736
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001140361-26-021287
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 31 current paragraphs.
24 unchanged; 6 reworded; 1 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 10 previous and 10 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
For the three months ended March 31, 2026, cash provided by investing activities was $200,000, which is the amount of cash withdrawn from the Trust for working capital purposes.
Removed paragraphs (1)
Previous report
For the period from January 28, 2025 (inception) through September 30, 2025, cash used in investing activities was $200,000,000, which is the amount required to be deposited into the Trust from the Initial Public Offering and Private Placement.
Reworded paragraphs (6)
Previous wording
The forward-looking statements contained in this Quarterly Report are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our final prospectus for our Initial Public Offering filed (as defined below) with the SEC on July 2, 2025. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Current wording
The forward-looking statements contained in this Quarterly Report are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the SEC on March 20, 2026. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Previous wording
For the three months ended September 30, 2025 and for the period from January 28, 2025 (inception) through September 30, 2025, we had net income of $1,820,558 which consisted of investment income earned on investments in the Trust Account of $2,068,698 partially offset by formation and operating expenses of $248,140.
Current wording
For the three months ended March 31, 2026, we had net income of $1,601,866 which consisted of investment income earned on investments in the Trust Account of $1,769,248 partially offset by formation and operating expenses of $167,382.
Previous wording
For the period from January 28, 2025 (inception) through September 30, 2025, cash used in operating activities was $631,817. Net income of $1,820,558 was affected by interest earned on investments held in the Trust Account of $2,068,698, and net change in operating assets and liabilities of $383,677.
Current wording
For the three months ended March 31, 2026, cash used in operating activities was $126,489. Net income of $1,601,866 was affected by interest earned on investments held in the Trust Account of $1,769,248, and net change in operating assets and liabilities of $40,893.
Previous wording
For the period from January 28, 2025 (inception) through September 30, 2025, cash provided by financing activities was $201,031,588, which is the proceeds from the Initial Public Offering and the Private Placement, net of offering costs.
Current wording
For the three months ended March 31, 2026, cash provided by financing activities was $30,000, which is the proceeds from related party payable.
Previous wording
As of September 30, 2025, we held investments in the Trust Account of $202,068,698. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the trust account (which interest shall be net of any franchise and income taxes payable and excluding deferred underwriting commissions), to complete our initial business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of March 31, 2026, we held investments in the Trust Account of $205,602,194. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the trust account (which interest shall be net of any franchise and income taxes payable and excluding deferred underwriting commissions), to complete our initial business combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of September 30, 2025, we had cash of $399,771 in our operating bank account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete our initial business combination.
Current wording
As of March 31, 2026, we had cash of $408,087 in our operating bank account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete our initial business combination.