10-Q - Quantumsphere Acquisition Corp. Units | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Quantumsphere Acquisition Corp. Units reported a net income of $522K for Q3 2026, ending December 31, 2025. This positive result was driven by total other income of $806K, primarily from $804K in interest earned on investments held in the Trust Account, which offset an operating loss of $285K from general and administrative expenses. The company's balance sheet shows total assets of $84.5M, largely comprised of $84.1M in investments held in the Trust Account. Cash flow from operations was negative at -$854K, while financing activities provided $83.9M, mainly from the sale of public and Private Placement units. As a special purpose acquisition company (SPAC), the company's performance is currently tied to its trust account earnings and administrative costs while seeking a business combination.

Key Takeaways

1Net income of $522K driven by $806K in other income, primarily from trust account interest.

2Operating loss of $285K due to general and administrative expenses with no revenue reported.

3Total assets of $84.5M, with $84.1M (99.5%) held in trust account investments.

4Negative operating cash flow of -$854K offset by $83.9M from financing activities.

5Shareholders' equity deficit of -$3.1M with accumulated deficit of -$3.1M.

Key Financial Metrics

EPS

$0.00

N/A prior period

Net Income

$522K

Operating Income

-$285K