Quarterly ResultMay 12, 2026, 04:22 PM
Apex Treasury Q1 Net Income $2.67M; Cash $762K
AI Summary
Apex Treasury Corporation, a blank check company, reported a net income of $2.67 million for the three months ended March 31, 2026. The company's cash balance stood at $762,184, with total assets increasing to $351.0 million, primarily due to funds held in its Trust Account. As a SPAC, it has not commenced operations and generates non-operating income mainly from interest on its $350.0 million trust account, which is designated for a future business combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $2,671,098.
- Cash balance as of March 31, 2026, was $762,184, down from $991,532.
- Total assets increased to $351,003,465 as of March 31, 2026.
- Total liabilities were $14,072,240 as of March 31, 2026.
- Shareholders' deficit was $(13,117,486) as of March 31, 2026.
- Basic and diluted net income per share was $0.06 for both Class A and Class B.
- Interest earned on cash and securities held in Trust Account was $3,057,776.
- Net cash used in operating activities was $(229,348).