Company: TDWDU
Filing Date: 2025-12-22
Form Type: 10-Q
Source: 0001213900-25-124661
Chunk: 62

Company: Tailwind 2.0 Acquisition Corp.
Filing Date: 2025-12-22
Form: 10-Q
Item: Part I, Item 2
Chunk 62
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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 the trust account,
including any amounts representing interest earned on the trust account (less income taxes payable), to complete our business combination.
To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our 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. 

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 a business combination.

In order to fund working capital deficiencies or finance transaction
costs in connection with a business combination, the Sponsor, or certain of our officers and directors or their affiliates