Quarterly ResultMay 14, 2026, 05:02 PM
Agriculture & Natural Solutions Q1 Net Income $2.76M, EPS $0.07
AI Summary
Agriculture & Natural Solutions Acquisition Corp reported a net income of $2.76 million for Q1 2026, a decrease from $4.02 million in Q1 2025, with diluted EPS falling to $0.07 from $0.09. The SPAC continues to search for an Initial Business Combination after terminating a previous agreement in April 2025. The company faces substantial doubt about its ability to continue as a going concern if a business combination is not completed by the Extended Termination Date.
Key Highlights
- Net income for Q1 2026 was $2,755,291, down from $4,017,775 in Q1 2025.
- Basic and diluted EPS for Class A ordinary shares was $0.07 in Q1 2026, down from $0.09 in Q1 2025.
- Cash held in Trust Account increased to $371,313,599 as of March 31, 2026, from $365,968,284 at December 31, 2025.
- Total liabilities increased to $31,933,317 as of March 31, 2026, from $29,404,206 at December 31, 2025.
- Accumulated deficit grew to $(31,780,550) as of March 31, 2026, from $(29,190,526) at December 31, 2025.
- The company has a cash balance of $1 and faces substantial doubt about its ability to continue as a going concern.
- The Business Combination Agreement was terminated on April 10, 2025, due to volatile equity market conditions.
- Shareholders approved an extension of the business combination deadline to November 13, 2026.