Quarterly ResultMay 14, 2026, 04:20 PM
Bluerock Acquisition Corp. Q1 Net Income $1.26M; Trust Account $174.2M
AI Summary
Bluerock Acquisition Corp. reported a net income of $1,260,821 for the three months ended March 31, 2026, primarily due to $1,469,573 in interest earned on its Trust Account. As a blank check company, it has not commenced any operations other than its initial public offering and identifying a target for a business combination. The Trust Account held $174,208,247 in cash and marketable securities at the end of the quarter.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,260,821.
- Interest earned on cash and marketable securities in the Trust Account was $1,469,573.
- Cash and marketable securities held in the Trust Account totaled $174,208,247 as of March 31, 2026.
- General and administrative costs were $208,752 for the quarter.
- Cash balance was $497,651 as of March 31, 2026, down from $693,561 at December 31, 2025.
- Total liabilities increased to $7,480,077 as of March 31, 2026, from $7,429,617.
- Net cash used in operating activities was $(195,910) for the three months ended March 31, 2026.