Renatus Tactical Acquisition Corp I-A 2025年度报告

FORM 10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number 001-42650 Renatus Tactical Acquisition Corp I(Exact name of Registrant as specified in its Charter) Cayman IslandsN/A(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 1825 Ponce de Leon Blvd, Suite 260Coral Gables, FL 33134(Address of principal executive offices and zip code) Registrant’s telephone number, including area code: 645-201-8586 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the Registrant is a well - known seasoned issuer, as defined in Rule 405 of the Securities Act. YES☐NO☒ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YES☒NO☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theRegistrant was required to submit such files). YES☒NO☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definition of “large accelerated filer,” “accelerated filer,” and “smallerreporting company” in Rule 12b-2 of the Exchange Act.: Accelerated filer☐Smaller reporting company☒Emerging growth company☒ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by the check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404 (b) of the Sarbanes - Oxley Act (15 U.S.C. 7262 (b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b - 2 of the Exchange Act). YES☒NO☐ The aggregate market value of the Registrant’s Class A ordinary shares outstanding, other than shares held by persons who may bedeemed affiliates of the Registrant, at December 31, 2025, was $267,582,000. As of March 13, 2026, 24,150,000Class A ordinary shares, $0.0001 par value and7,011,288Class B ordinary shares, $0.0001 parvalue, were issued and outstanding. Documents Incorporated by Reference: None. TABLE OF CONTENTS PageCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSiiPART I1Item 1.Business.2Item 1A.Risk Factors.10Item 1B.Unresolved Staff Comments.56Item 2.Properties.56Item 3.Legal Proceedings.56Item 4.Mine Safety Disclosures.56PART II57Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.57ITEM 6.[RESERVED]57Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations58Item 7A.Quantitative and Qualitative Disclosures about Market Risk62Item 8.Financial Statements and Supplementary Data62Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure62Item 9A.Controls and Procedures.62Item 9B.Other Information.62Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.62PART III63Item 10.Directors, Executive Officers and Corporate Governance.63Item 11.Executive Compensation.74Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.75Item 13.Certain Relationships and Related Transactions, and Director Independence.76Item 14.Principal Accounting Fees and Services.79PART IV80Item 15.Exhibits, Financial Statement Schedules.80Item 16.Form 10-K Summary.81SIGNATURES82 CAUTIONARY NOTEREGARDING FORWARD-LOOKING STATEMENTS Some statements contained in this