Every 10-Q that Roman DBDR Acquisition Corp. II (DRDB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DRDB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DRDB filings page.
Roman DBDR Acquisition Corp. II, a Cayman Islands SPAC, reported total assets of $245,649,168 as of June 30, 2026, almost entirely investments in its Trust Account of $245,480,252 backing 23,000,000 Class A ordinary shares subject to redemption at $10.67 per share. Cash outside the Trust Account was $66,238, against current liabilities of $2,689,939 and related-party promissory notes totaling $580,000, resulting in shareholders’ deficit of $3,101,023.
For the quarter, net income was $2,203,834, driven by $2,641,365 of interest on Trust investments and $437,531 of general and administrative expenses; net income for the first half of 2026 was $1,968,767. Management states the company “currently lacks the liquidity needed to sustain operations for a reasonable period of time” and must complete a Business Combination within the Completion Window or liquidate, raising substantial doubt about its ability to continue as a going concern. In February 2026 it signed a ThomasLloyd Business Combination Agreement based on an $850,000,000 equity value, under which a new PubCo would issue shares to current Roman DBDR and ThomasLloyd holders, with closing expected in the second half of 2026 subject to approvals and conditions. A total of 19,635,000 warrants remain outstanding, each whole warrant exercisable for one Class A ordinary share at $11.50 per share beginning 30 days after a completed Business Combination.
Roman DBDR Acquisition Corp. II reported a small net loss of $235,067 for the quarter ended March 31, 2026, as higher general and administrative expenses of $1.9 million exceeded interest income of $1.65 million from its Trust Account investments. Total assets were $243.1 million, with $242.8 million held in the Trust Account supporting 23,000,000 Class A shares at a redemption value of $10.56 per share. Cash outside the Trust Account was only $53,490, and management disclosed substantial doubt about the company’s ability to continue as a going concern. The company entered into a Business Combination Agreement with ThomasLloyd Climate Solutions B.V., implying an equity value of $850 million for ThomasLloyd and targeting closing in the second half of 2026, supported by multiple fee-based advisory and financing arrangements with B. Riley, Lucid, and Berenberg.
Roman DBDR Acquisition Corp. II filed its Q3 2025 10-Q, reporting net income of $2,137,767 for the quarter and $6,379,642 for the nine months ended September 30, 2025, driven primarily by interest on the trust.
Investments held in the Trust Account were $238,827,542 as of September 30, 2025. Class A ordinary shares subject to redemption totaled 23,000,000 at a redemption value of $10.38 per share. As of November 12, 2025, the company had 23,000,000 Class A shares and 7,666,667 Class B shares outstanding.
The SPAC completed its IPO in December 2024 and the underwriters fully exercised the over‑allotment in January 2025, resulting in 23,000,000 units sold and 8,135,000 private placement warrants outstanding. Management disclosed substantial doubt about the company’s ability to continue as a going concern due to limited working capital prior to a business combination. Nasdaq previously notified a filing deficiency tied to the June 30, 2025 report; compliance was restored on November 5, 2025.
Roman DBDR Acquisition Corp. II (DRDB) filed its Q2 2025 report, showing non‑operating income from its SPAC trust and minimal operating activity. Investments held in the Trust Account were $236,176,471 as of June 30, 2025. The company reported net income of $2,027,870 for the quarter and $4,241,875 for the six months, primarily from $2,422,595 of interest earned this quarter. General and administrative expenses were $394,725 in Q2. Cash outside the trust was $618,822 at quarter‑end.
As a SPAC, DRDB completed its IPO in December 2024 and the underwriters fully exercised the over‑allotment on January 27, 2025, bringing total Class A shares subject to redemption to 23,000,000 at a redemption value of $10.27 per share as of June 30, 2025. Warrants outstanding totaled 19,635,000.
Management disclosed substantial doubt about the company’s ability to continue as a going concern due to limited working capital and expected costs to pursue a business combination. Subsequent events include a Nasdaq deficiency notice on August 28, 2025 for a late Q2 filing (with time to submit a compliance plan) and the appointment of John J. Birmingham as Chief Financial Officer on October 1, 2025, with specified cash payments under his offer letter.