Quarterly ResultMay 12, 2026, 05:27 PM
Karbon Capital Partners Q1 Net Income $2.79M; Trust Account $348.67M
AI Summary
Karbon Capital Partners Corp. reported a net income of $2.79 million for the three months ended March 31, 2026. The company, a blank check company, increased its marketable securities held in the Trust Account to $348.67 million. As of March 31, 2026, the company had $697,733 in cash and a working capital surplus of $557,852, with management confident in its liquidity for the next year as it seeks a business combination.
Key Highlights
- Net income for Q1 2026 was $2,791,383.
- Marketable securities in Trust Account reached $348,667,844.
- Cash balance as of March 31, 2026, was $697,733.
- Working capital surplus stood at $557,852.
- Basic and diluted net income per Class A share was $0.06.
- Net cash used in operating activities totaled $136,428.
- Total assets increased to $349,587,945.
- Total liabilities increased to $12,701,485.