Quarterly ResultJun 10, 2026, 04:36 PM
Future Money Acquisition Corp Q2 2026 Results
AI Summary
Future Money Acquisition Corp (FMAC) filed its 10-Q report for the period ending April 30, 2026. The company reported a net loss of $24,487 for its initial period from inception (September 29, 2025) to October 31, 2025. For the six months and three months ended April 30, 2026, the company reported net income of $243,936 and $290,108, respectively. As of April 30, 2026, total assets stood at $113,431,890, largely comprised of $112,907,509 in a Trust Account. The company's financial statements indicate substantial doubt about its ability to continue as a going concern due to ongoing costs and the timeline for completing a business combination.
Key Highlights
- Future Money Acquisition Corp reported a net loss of $24,487 for the period from inception (September 29, 2025) through October 31, 2025.
- For the six months ended April 30, 2026, the company reported a net income of $243,936.
- For the three months ended April 30, 2026, the company reported a net income of $290,108.
- Total assets as of April 30, 2026, were $113,431,890, with cash held in Trust Account amounting to $112,907,509.
- Total liabilities as of April 30, 2026, were $13,994.
- Ordinary shares subject to possible redemption were $112,907,509 as of April 30, 2026.
- The company has incurred significant costs and expects to continue to do so in pursuit of its acquisition plans, raising substantial doubt about its ability to continue as a going concern.
Price Impact
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