Company: TDWDU
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001213900-25-124661
Chunk: 25

Company: Tailwind 2.0 Acquisition Corp.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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, which consisted of general and administrative costs of $29,278 and share-based compensation expense of $522.

For the period from May 29, 2025 (inception) through September 30,
2025, we had a net loss of $51,695, which consisted of general and administrative costs of $51,173 and share-based compensation expense
of $522.

Liquidity and Capital Resources

Until the consummation of the initial public offering, our only source
of liquidity was payment of general and administrative costs made by initial shareholders on behalf of the Company in exchange for the
issuance of Class B ordinary shares, par value $0.0001 per share, to the initial shareholders and loans from the Sponsor.

Subsequent to the quarterly period covered by this Quarterly Report,
on November 10, 2025, we consummated the initial public offering of 17,250,000 units at $10.00 per unit, which includes the full
exercise of the underwriters’ over-allotment option of 2,250,000 units, generating gross proceeds of $172,500,000. Simultaneously
with the closing of the initial public offering, we consummated the sale of an aggregate of 545,000 private placement units to the
Sponsor and the underwriters at a price of $10.00 per unit, or $5,450,000 in the aggregate.

14

Following the initial public offering, the full exercise of the over-allotment
option, and the sale of the units, a total of $172,500,000 was placed in the trust account. We incurred $10,862,543, consisting of $3,450,000
of cash underwriting fee, $6,900,000 of deferred underwriting fee, and $512,543 of other offering costs.

For the period from May 29, 2025 (inception) through
September 30, 2025, net cash used in operating activities was $0. Net loss of $51,695 was affected by payment of general and administrative
costs through issuance of founder shares to initial shareholders of $25,000, payment of general and administrative costs through promissory
note – related party of $13,887, and share-based compensation expense of $522. Changes in operating assets and liabilities provided
$12,286 of cash from operating activities.

We intend to use substantially all of the funds held in