Quarterly ResultMay 15, 2026, 05:16 PM
AACP Q1 Net Loss $(55,000); Total Assets $416,239
AI Summary
Apogee Acquisition Corp (AACP) reported a net loss of $(55,000) for the three months ended March 31, 2026, with total assets reaching $416,239 and a shareholder's deficit of $(68,876). The blank check company, formed to effect a business combination, had not commenced operations during the period. Post-period, on April 8, 2026, AACP consummated its Initial Public Offering, raising $172.5 million, and a private placement of $4.7 million.
Key Highlights
- Net loss for the three months ended March 31, 2026, was $(55,000).
- Total Assets increased to $416,239 as of March 31, 2026, from $139,709 on December 31, 2025.
- Total Liabilities rose to $485,115 as of March 31, 2026, from $153,585 on December 31, 2025.
- Shareholder's Deficit increased to $(68,876) as of March 31, 2026, from $(13,876) on December 31, 2025.
- Cash at the end of the period was $0, with a working capital deficit of $(465,256).
- Post-period, the IPO on April 8, 2026, generated $172.5 million gross proceeds from 17,250,000 units.
- A private placement simultaneously raised $4.7 million from 470,000 units.
- The Sponsor surrendered 3,833,333 founder shares on March 31, 2026.
Price Impact
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