Quarterly ResultAug 10, 2026, 04:34 PM
Iris Acquisition Corp II Q2 2026 Net Income $1.26M; Going Concern Warning
AI Summary
Iris Acquisition Corp II reported a net income of $1,263,575 for the three months ended June 30, 2026, and $2,037,510 for the six months ended June 30, 2026. The company, a SPAC, holds $170,942,950 in its Trust Account. Management has identified a going concern risk due to a lack of liquidity to sustain operations and the need to complete a business combination within the 24-month window, which ends February 4, 2028.
Key Highlights
- Net income for Q2 2026 was $1,263,575.
- Net income for H1 2026 was $2,037,510.
- Basic and diluted net income per share for Q2 2026 was $0.06.
- Cash held in Trust Account as of June 30, 2026, was $170,942,950.
- Total Assets as of June 30, 2026, were $171,755,229.
- Total Liabilities as of June 30, 2026, were $7,493,786.
- Shareholders' Deficit as of June 30, 2026, was $(6,681,507).
- Net cash used in operating activities for H1 2026 was $(163,911).
Price Impact
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