Quarterly ResultMay 12, 2026, 04:52 PM
Insight Digital Partners II Q1 Net Income $1.26M; EPS $0.05
AI Summary
Insight Digital Partners II reported a net income of $1.26 million, or $0.05 per share, for the three months ended March 31, 2026. The company, a blank check company, generated non-operating income primarily from interest earned on its Trust Account, which held $175.17 million. Despite the positive net income, the company noted a "going concern" uncertainty due to potential liquidity shortfalls in pursuing its acquisition plans.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,259,968.
- Basic and diluted net income per share was $0.05.
- Cash and investments held in Trust Account totaled $175,171,624 as of March 31, 2026.
- Cash on hand was $941,352 as of March 31, 2026.
- Working capital stood at $965,439 as of March 31, 2026.
- Interest earned on cash and investments in Trust Account was $1,511,696.
- General and administrative costs amounted to $251,728.
- Class A ordinary shares subject to possible redemption were $175,171,624 at $10.15 per share.