Quarterly ResultOct 21, 2026, 06:07 AM
ClimateRock Q2 2026 Net Loss $124K; Faces Going Concern Doubt
AI Summary
ClimateRock filed its 10-Q for the period ending June 30, 2026, reporting a net loss of $124,477 for the quarter and $292,815 for the six-month period. The company's total assets decreased significantly, while liabilities saw a slight increase. The company faces substantial doubt about its ability to continue as a going concern due to its cash balance and working capital deficit. Additionally, Niels Brix resigned as a director on July 7, 2026. The company's securities were previously delisted from Nasdaq in April 2025 and are now quoted on the OTC Markets.
Key Highlights
- ClimateRock reported a net loss of $124,477 for the three months ended June 30, 2026, compared to a net loss of $172,412 for the same period in 2025.
- For the six months ended June 30, 2026, the net loss was $292,815, down from $357,450 in the prior year period.
- Total assets decreased from $166,608 as of December 31, 2025, to $108,638 as of June 30, 2026.
- Total liabilities increased from $10,298,641 as of December 31, 2025, to $10,593,518 as of June 30, 2026.
- Cash and cash equivalents held in Trust Account decreased from $160,938 to $103,568.
- The company has a working capital deficit of $8,225,948 as of June 30, 2026, raising substantial doubt about its ability to continue as a going concern.
- Niels Brix resigned as a director of the Company on July 7, 2026.
Price Impact
More from CLRCF