0001213900-26-056696
SEC filingMixed first quarter as a pre-revenue SPAC: net income of $2.0M from trust interest offset by operating losses and cash burn, with no business combination yet.
We have not yet completed any business combination and do not generate operating revenues. For the three months ended March 31, 2026, we reported net income of $2.0 million, primarily attributable to interest income earned on the funds held in our trust account. This was partially offset by operating expenses of $0.3 million, which consisted of costs related to identifying and evaluating potential target businesses, due diligence, and general administrative expenses. Our operating loss of $342.8 thousand reflects the ongoing costs of operating as a public company while searching for a suitable business combination.
We continue to evaluate potential target businesses for a business combination. Our management expects to incur significant costs in pursuing acquisition plans, and there can be no assurance that our efforts will be successful. We have not yet identified any specific business combination target and remain focused on identifying a suitable opportunity that meets our investment criteria.