Quarterly ResultAug 5, 2026, 04:11 PM
GigCapital8 Q2 Net Income $1.99M; Trust Account $259.8M
AI Summary
GigCapital8 Corp. reported a net income of $1.99 million for the three months ended June 30, 2026, and $3.94 million for the six months ended June 30, 2026, primarily due to interest and dividend income from its Trust Account. The Trust Account held $259.8 million in cash and marketable securities. The company, a SPAC, also disclosed substantial doubt about its ability to continue as a going concern, pending the completion of a Business Combination.
Key Highlights
- Net income for the three months ended June 30, 2026, was $1,991,819, compared to a net loss of $5,363 in the prior year period.
- Net income for the six months ended June 30, 2026, was $3,935,587, compared to a net loss of $5,363 in the prior year period.
- Cash and marketable securities held in the Trust Account totaled $259,803,251 as of June 30, 2026.
- Total assets were $260,675,430 as of June 30, 2026, up from $256,905,556 at December 31, 2025.
- Interest and dividend income from marketable securities in the Trust Account was $2,280,999 for Q2 2026.
- General and administrative expenses for the three months ended June 30, 2026, were $289,391.
- The company reported net cash used in operating activities of $726,417 for the six months ended June 30, 2026.
- The company noted substantial doubt about its ability to continue as a going concern.
Price Impact
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