Quarterly ResultMay 13, 2026, 04:23 PM
GigCapital8 Q1 Net Income $1.94M; Trust Account $257.5M
AI Summary
GigCapital8 Corp., a Special Purpose Acquisition Company (SPAC), reported a net income of $1.94 million for the three months ended March 31, 2026, primarily driven by $2.25 million in interest and dividend income from its Trust Account. As of March 31, 2026, the company held $257.5 million in its Trust Account and $1.05 million in cash. The company has not commenced operations and noted conditions that raise substantial doubt about its ability to continue as a going concern, pending a business combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,943,768.
- Cash and marketable securities in Trust Account totaled $257,522,252 as of March 31, 2026.
- Cash balance was $1,051,434 as of March 31, 2026, down from $1,442,471.
- The company reported a loss from operations of $311,098 for Q1 2026.
- Interest and dividend income from the Trust Account was $2,254,569.
- Working capital stood at $1,004,863 as of March 31, 2026.
- The company has 24 months from October 7, 2025, to complete a Business Combination.
- Management noted substantial doubt about the company's ability to continue as a going concern.