Quarterly ResultMay 13, 2026, 04:36 PM
Lafayette Digital Q1 Net Income $1.89M; Trust Account $289.7M
AI Summary
Lafayette Digital Acquisition Corp. I reported a net income of $1.89 million for the three months ended March 31, 2026. The blank check company completed its Initial Public Offering on January 12, 2026, raising $287.5 million, with substantially all net proceeds held in a Trust Account, which totaled $289.7 million. Management noted substantial doubt about the company's ability to continue as a going concern if a Business Combination is not completed by January 12, 2028.
Key Highlights
- Net income for the three months ended March 31, 2026 was $1,886,022.
- Total Assets as of March 31, 2026, were $290,802,755.
- Investments held in Trust Account totaled $289,687,424 as of March 31, 2026.
- Cash balance as of March 31, 2026, was $846,656.
- Total Liabilities as of March 31, 2026, were $10,245,723.
- Initial Public Offering generated gross proceeds of $287,500,000.
- Private placement units generated gross proceeds of $7,600,000.
- Basic and diluted net income per ordinary share was $0.05.