Revenue: None reported for QQ2 2026. Profitability and margins reflect non-operating items rather than core operations.
- Operating expenses: $331,247; EBITDA: -$331,247; Operating income: -$331,247
- Other income/expenses, net: $638,657
- Income before tax: $307,410
- Net income: $307,410; EPS: $0.03; Diluted EPS: $0.03; Weighted average shares: 6,081,522
Cash flow and liquidity
- Operating cash flow: -$420,429
- Net cash provided by financing activities: $86,423,063
- Net cash used in investing activities: -$86,250,000
- Net change in cash: -$247,366
- Cash at end of period: $252,240; Cash at beginning: $499,606
Balance sheet and leverage
- Total assets: $87,312,564, dominated by long-term investments: $86,885,672 and other non-current assets: $58,314
- Total current assets: $368,578
- Total current liabilities: $83,976; Total liabilities: $83,976
- Stockholders’ equity: $342,916
- Net debt: -$252,240 (net cash position)
- Common stock: $86,886,009; Retained earnings: $245,293
Notes on structure: The quarter is characteristic of a SPAC shell: a large portion of the asset base is in long-term investments and a minimal operating footprint, with financing activities driving the cash position rather than operating cash flow.