Tailwind 2.0 Acquisition Corp. Class A Ordinary Shares

TDWD: 10-Q · periodic report

Tailwind 2.0 Acquisition Corp. filed its 10-Q for the quarter ended June 30, 2026, reporting net income of $1,290,205 ($0.05 per share), driven almost entirely by $2,031,398 of interest earned on its trust account and offset by $264,782 of G&A expense and a $476,411 unrealized loss on treasury securities. Six-month net income was $2,753,271. The pre-deal SPAC, which raised $172.5 million in its November 10, 2025 IPO, has not identified any business combination target and has no operations. Its trust account held $176,499,651 ($10.23 per redeemable share) at quarter end, with $726,504 of working cash outside the trust and a total shareholders' deficit of $6.1 million from redemption-value accretion. Management stated it has sufficient funds for at least a year and no going-concern doubt, but the company faces a mandatory liquidation date of November 10, 2027 if no deal closes. New risk factors flag de-SPAC regulatory scrutiny, rate-sensitive trust income, and inflation-driven transaction costs.

SEC 10-Q•2mo ago

TDWD: 10-Q · periodic report

Tailwind 2.0 Acquisition Corp. reported net income of $1.46 million for the quarter ended March 31, 2026, driven primarily by $1.52 million in interest earned on its trust account. The company holds $174.9 million in the trust account and $991,524 in cash outside the trust, with no operating revenues generated as it has not yet identified a business combination target. The SPAC continues to incur minimal operating costs, reporting $39,298 in general and administrative expenses for the quarter. Management confirmed that disclosure controls and procedures were effective and that there were no material changes to risk factors from the prior annual report. The company remains in the pre-deal phase, with a completion window extending 24 months from its November 2025 IPO.

SEC 10-Q•5mo ago