ARC Group Securities Acquisition I
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-09-08.
0001493152-26-041742
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-06.
0001493152-26-050460
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 24 previous paragraphs and 25 current paragraphs.
18 unchanged; 5 reworded; 2 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 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 (2)
Current report
For the three months ended September 30, 2026, we had net income of $464,138, which consisted of investment income on cash and marketable securities held in the Trust Account of $566,852 and change in fair value of over-allotment liability of $97,020, partially offset by formation and operating costs of $199,734.
Current report
For the nine months ended September 30, 2026, we had net income of $412,609, which consisted of investment income on cash and marketable securities held in the Trust Account of $566,852 and change in fair value of over-allotment liability of $97,020, partially offset by formation and operating costs of $251,263.
Removed paragraphs (1)
Previous report
For the six months ended June 30, 2026, we had a net loss of $51,529, which consisted of operating costs.
Reworded paragraphs (5)
Previous wording
The Company is a blank check company formed under the laws of the Cayman Islands on October 15, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to effectuate its initial business combination using cash from the proceeds of our Initial Public Offering (the “IPO”) the private placement of the private units, the proceeds of the sale of our securities in connection with our initial Business Combination, our shares, debt or a combination of cash, stock and debt.
Current wording
The Company is a blank check company incorporated under the laws of the Cayman Islands on October 9, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to effectuate its initial business combination using cash from the proceeds of our Initial Public Offering (the “IPO”) and the private placement of the private units, the proceeds of the sale of our securities in connection with our initial Business Combination, our shares, debt or a combination of cash, stock and debt.
Previous wording
We have neither engaged in any operations nor generated any revenues to date. Our only activities from inception to June 30, 2026 were organizational activities and those necessary to prepare for the Company’s IPO. We do not expect to generate any operating revenues until after the completion of our initial business combination. We expect to continue to generate non-operating income in the form of interest income on cash and marketable securities held after the Initial Public Offering. We expect that we will incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection with completing a business combination.
Current wording
We have neither engaged in any operations nor generated any revenues to date. Our only activities from inception to September 30, 2026 were organizational activities and those necessary to prepare for the Company’s IPO and pursuit of the consummation of an initial business combination. We do not expect to generate any operating revenues until after the completion of our initial business combination. We expect to continue to generate non-operating income in the form of interest income on cash and marketable securities held after the Initial Public Offering. We expect that we will incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection with completing a business combination.
Previous wording
As of June 30, 2026, the Company had 25,000 cash and a working capital deficit of $381,746. The Company’s liquidity needs prior to the consummation of the IPO had been satisfied through the loan under an unsecured promissory note from the Sponsor of $360,453, which was fully repaid on August 13, 2026.
Current wording
As of September 30, 2026, the Company had $684,320 cash and a working capital surplus of $668,758. The Company’s liquidity needs prior to the consummation of the IPO had been satisfied through the loan under an unsecured promissory note from the Sponsor of $360,453, which was fully repaid on August 13, 2026.
Previous wording
We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay our Sponsor an aggregate of $20,000 per month for office space, secretarial and administrative support. We began incurring these fees on August 5, 2026, and will continue to incur these fees monthly until completion of the Company’s initial business combination or liquidation.
Current wording
We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay our Sponsor an aggregate of $20,000 per month for office space, secretarial and administrative support. We began incurring these fees on August 5, 2026, and will continue to incur these fees monthly until completion of the Company’s initial business combination or liquidation. As of September 30, 2026, $40,000 were incurred under this agreement.
Previous wording
The underwriters were not entitled to any cash underwriting fee at closing of the Initial Public Offering. The underwriters were entitled to 420,000 Representative Shares at closing of the Initial Public Offering, whereby 370,000 Class A ordinary shares were issued to ARC Group Securities LLC, the lead left bookrunner and representative of the underwriters and 50,000 Class A ordinary shares were issued to Clear Street LLC, as the qualified independent underwriter. The underwriters will also be entitled to $1,575,000 deferred underwriting fee upon closing of the Business Combination (or $1,811,250 if the over-allotment is fully exercised).
Current wording
The underwriters were not entitled to any cash underwriting fee at closing of the Initial Public Offering. The underwriters were entitled to 420,000 Representative Shares at closing of the Initial Public Offering, whereby 370,000 Class A ordinary shares were issued to ARC Group Securities LLC, the lead left bookrunner and representative of the underwriters and 50,000 Class A ordinary shares were issued to Clear Street LLC, as the qualified independent underwriter. The underwriters were entitled to $1,575,000 deferred underwriting fee upon closing of the Business Combination.