{"url_path":"/sec/craq/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2058359/0001213900-26-057773-index.html","accession_number":"0001213900-26-057773","cik":"0002058359","ticker":"CRAQ","issuer_name":"Cal Redwood Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2058359/0001213900-26-057773-index.html","primary_entity_key":"0002058359","primary_entity_name":"Cal Redwood Acquisition Corp."},"word_count":686,"has_tables":true,"body_markdown":"**UNITED\nSTATES**\n\n**SECURITIES\nAND EXCHANGE COMMISSION**\n\n**Washington,\nD.C. 20549**\n\n \n\n**FORM\n10-Q**\n\n \n\n**(MARK\nONE)**\n\n☒ **QUARTERLY\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For\nthe quarter ended March 31, 2026**\n\n \n\n☐ **TRANSITION\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For\nthe transition period from                    to                       **\n\n \n\n**Commission\nfile number: 001-42665**\n\n \n\n**Cal\nRedwood Acquisition Corp.**\n\n(Exact\nName of Registrant as Specified in Its Charter)\n\n \n\n**Cayman Islands**   **N/A**\n\n(State or other jurisdiction of\nincorporation or organization)   (I.R.S. Employer\nIdentification No.)\n\n** **\n\n**2440 Sand Hill Road, Suite 101**\n\n**Menlo Park, CA**\n  **94025**\n\n(Address of principal executive offices)   (Zip Code)\n\n \n\n**(415)\n692-7762**\n\n(Issuer’s\ntelephone number)\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class   Trading Symbol(s)   Name of each exchange on which registered\n\n**Units, each consisting of one Class A Ordinary Share and one Right**   **CRAQU**   **The Nasdaq Stock Market LLC**\n\n**Class A Ordinary Shares, par value $0.0001 per share**   **CRA**   **The Nasdaq Stock Market LLC**\n\n**Rights, each Right to acquire one-tenth (1/10) of one Class A Ordinary Share**   **CRAQR**   **The Nasdaq Stock Market LLC**\n\n \n\nIndicate\nby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule\n405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant\nwas required to submit such files). Yes ☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”\n“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer ☐   Accelerated filer ☐\n\nNon-accelerated filer ☒   Smaller reporting company ☒\n\n    Emerging growth company ☒\n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐\n\n \n\nAs\nof May 15, 2026, there were 23,660,000 Class A ordinary shares, $0.0001 par value and 7,665,900 Class B ordinary shares,\n$0.0001 par value, issued and outstanding.\n\n \n\n \n\n \n\n \n\n \n\n**CAL\nREDWOOD ACQUISITION CORP.**\n\n**FORM\n10-Q FOR THE QUARTER ENDED MARCH 31, 2026**\n\n** **\n\n**TABLE\nOF CONTENTS**\n\n \n\n \n \n**Page**\n\n[Part\nI. Financial Information](#a_001)\n \n1\n\n[Item\n1. Interim Financial Statements](#a_002)\n \n1\n\n[Condensed\nBalance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#a_003)\n \n1\n\n[Condensed\nStatements of Operations for the Three Months Ended March 31, 2026 and for the Period from January 7, 2025 (Inception) Through March\n31, 2025 (Unaudited)](#a_004)\n \n2\n\n[Condensed\nStatements of Changes in Shareholders’ Deficit for the Three Months Ended March 31, 2026 and for the Period from January 7,\n2025 (Inception) Through March 31, 2025 (Unaudited)](#a_005)\n \n3\n\n[Condensed\nStatements of Cash Flows for the Three Months Ended March 31, 2026 and for the Period from January 7, 2025 (Inception) Through March\n31, 2025 (Unaudited)](#a_006)\n \n4\n\n[Notes\nto Condensed Financial Statements (Unaudited)](#a_007)\n \n5\n\n[Item\n2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_008)\n \n16\n\n[Item\n3. Quantitative and Qualitative Disclosures About Market Risk](#a_009)\n \n18\n\n[Item\n4. Controls and Procedures](#a_010)\n \n18\n\n[Part\nII. Other Information](#a_011)\n \n19\n\n[Item\n1. Legal Proceedings](#a_012)\n \n19\n\n[Item\n1A. Risk Factors](#a_013)\n \n19\n\n[Item\n2. Unregistered Sales of Equity Securities and Use of Proceeds](#a_014)\n \n19\n\n[Item\n3. Defaults Upon Senior Securities](#a_015)\n \n19\n\n[Item\n4. Mine Safety Disclosures](#a_016)\n \n19\n\n[Item\n5. Other Information](#a_017)\n \n19\n\n[Item\n6. Exhibits](#a_018)\n \n20\n\n[Part\nIII. Signatures](#a_019)\n \n21\n\n \n\ni\n\n \n\n**PART\nI - FINANCIAL INFORMATION**"}