Quarterly ResultOct 21, 2026, 06:07 AM
ClimateRock Q1 2026 Net Loss $168K; Delisted from Nasdaq
AI Summary
ClimateRock filed its 10-Q for the period ending March 31, 2026, reporting a reduced net loss of $168,338 compared to $185,038 in the prior year's quarter. Operating expenses saw a significant decrease, though dividend income from the Trust Account also dropped substantially. The company faces substantial doubt regarding its ability to continue as a going concern and its securities have been delisted from Nasdaq, now trading on OTC Markets.
Key Highlights
- ClimateRock reported a net loss of $168,338 for the three months ended March 31, 2026, compared to a net loss of $185,038 for the same period in 2025.
- Formation and operating costs decreased to $139,756 in Q1 2026 from $462,925 in Q1 2025.
- Dividend income on Trust Account significantly decreased to $1,418 in Q1 2026 from $307,887 in Q1 2025.
- Cash and cash equivalents held in Trust Account were $162,356 as of March 31, 2026, up from $160,938 as of December 31, 2025.
- Total liabilities increased to $10,468,097 as of March 31, 2026, from $10,298,641 as of December 31, 2025.
- The company has substantial doubt about its ability to continue as a going concern one year from the issuance date of the financial statements.
- The company's securities were delisted from Nasdaq on April 10, 2025, and are now quoted on the Pink Limited tier of the OTC Markets Group Inc.
Price Impact
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