Quarterly ResultAug 5, 2026, 04:15 PM
FIGX Capital Acquisition Corp. Reports Q2 Net Income $1.25M
AI Summary
FIGX Capital Acquisition Corp. reported a net income of $1.25 million for the second quarter of 2026, primarily driven by $1.37 million in interest earned on investments held in its Trust Account. The company, a blank check company, continues to seek a business combination, with its Trust Account balance growing to $156.46 million. Management noted a going concern risk due to current liquidity and reliance on potential future loans from its Sponsor to fund operations.
Key Highlights
- Net income for Q2 2026 was $1,252,718, compared to a net loss of $(248,858) in Q2 2025.
- Net income for the six months ended June 30, 2026, was $2,475,591.
- Interest earned on investments in the Trust Account was $1,372,743 for Q2 2026.
- Investments held in the Trust Account increased to $156,460,058 as of June 30, 2026.
- Cash balance was $664,186 as of June 30, 2026, down from $905,141 at Dec 31, 2025.
- Redemption value per Public Share was $10.39 as of June 30, 2026.
- The company has until June 30, 2027, to complete a Business Combination.
Price Impact
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