Renatus Tactical Acquisition Corp I
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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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.
Jun 30, 2026 · Filed Aug 14, 2026
RTAC$10.470.0%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-13.
0001213900-26-055766
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-14.
0001213900-26-090004
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 35 previous paragraphs and 32 current paragraphs.
25 unchanged; 7 reworded; 0 added; 3 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 9 previous and 9 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.
Removed paragraphs (3)
Previous report
Investor Convertible Note
Previous report
On July 24, 2025 and January 26, 2026, we were loaned $250,000 and $80,000, respectively, by certain investors pursuant to non-interest bearing convertible promissory notes (the “Investor Convertible Notes”). The maturity date of the Investor Convertible Notes is the earlier of (i) the date on which we consummate an Initial Business Combination and (ii) the date that the Company’s winding up becomes effective. Any principal amounts outstanding under the Investor Convertible Notes may be converted into a number of units, each unit consisting of one of our Class A ordinary shares and one-half of one redeemable warrant of one Class A ordinary share, equal to (A) the outstanding principal amount to be converted, divided by (B) $5.00; provided, however, that the Investor Convertible Notes shall only be convertible upon, and subject to, the closing of an Initial Business Combination. The units issuable upon conversion of the Investor Convertible Notes will be identical to the Public Units that were sold in the Initial Public Offering.
Previous report
For the three months ended March 31, 2026, cash provided by investing activities was $4,540, which is the amount required to be deposited into the Trust from the Initial Public Offering and Private Placement.
Reworded paragraphs (7)
Previous wording
For the three months ended March 31, 2026, we had net income of $1,808,560, which consisted primarily of investment income earned on the cash held in the Trust Account of $2,091,474 partially offset by formation and operating expenses of $282,914.
Current wording
For the three and six months ended June 30, 2026, we had net income of $1,719,302 and $3,527,862, respectively, which consisted primarily of investment income earned on the cash held in the Trust Account of $2,105,683 and $4,197,157 partially offset by formation and operating expenses of $386,381 and $669,295, respectively.
Previous wording
As of March 31, 2026, the Company has cash of $10,977 and working capital of $236,274. The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. The Company anticipates that the cash held outside of the Trust Account of $10,977 will not be sufficient to allow the Company to operate in the next twelve months. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.
Current wording
As of June 30, 2026, the Company has cash of $477 and working capital of $179,443. The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. The Company anticipates that the cash held outside of the Trust Account of $477 will not be sufficient to allow the Company to operate in the next twelve months. Additionally, the Company has until May 16, 2027, to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The Company has no approved plan in place to extend the business combination deadline beyond May 16, 2027. Management has determined that the timing of liquidation raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of these unaudited condensed financial statements. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These unaudited condensed financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.
Previous wording
For the three months ended March 31, 2026, cash used in operating activities was $(77,594). Net income of $1,808,460 was affected by interest earned on cash held in the Trust Account of $(2,091,474), and net change in operating assets and liabilities of $205,420.
Current wording
For the six months ended June 30, 2026, cash used in operating activities was $388,094. Net income of $3,527,862 was affected by interest earned on cash held in the Trust Account of $4,197,157, and net change in operating assets and liabilities of $281,201.
Previous wording
For the three months ended March 31, 2026, cash provided by financing activities was $80,000, which is the proceeds from the issuance of a convertible note.
Current wording
For the six months ended June 30, 2026, cash provided by financing activities was $380,000, which is primarily the proceeds from the issuance of convertible notes.
Previous wording
As of March 31, 2026, we had cash held in the Trust Account of $250,274,966. 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 June 30, 2026, we had cash held in the Trust Account of $252,380,649. 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 March 31, 2026, we had cash of $10,977 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 June 30, 2026, we had cash of $477 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.
Previous wording
Except for the Investor Convertible Notes, we do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities.
Current wording
Except for the Convertible Notes, we do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities.