Quarterly ResultMay 5, 2026, 04:13 PM
FIGX Capital Acquisition Corp. Q1 Net Income $1.22M; Trust Account $155.09M
AI Summary
FIGX Capital Acquisition Corp., a blank check company, reported a net income of $1,222,873 for the three months ended March 31, 2026, primarily driven by $1,379,187 in interest earned on investments held in its Trust Account. The Trust Account balance grew to $155,087,314, with Class A Ordinary Shares subject to redemption valued at $10.29 per share. The company continues its search for a Business Combination target, with a deadline of June 30, 2027.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,222,873.
- Interest earned on investments in the Trust Account totaled $1,379,187 for Q1 2026.
- Investments held in the Trust Account increased to $155,087,314 as of March 31, 2026.
- Cash balance was $858,098 and working capital was $732,822 as of March 31, 2026.
- Class A Ordinary Shares subject to redemption were valued at $10.29 per share.
- The company has until June 30, 2027, to complete its initial Business Combination.