Quarterly ResultMay 8, 2026, 04:12 PM
M Evo Global Acquisition Corp II Reports Q1 Net Loss of $6.99M Post-IPO
AI Summary
M Evo Global Acquisition Corp II reported a net loss of $6,993,616 for the three months ended March 31, 2026. The company successfully completed its Initial Public Offering on February 2, 2026, generating gross proceeds of $300,000,000. As of March 31, 2026, the company held $301,665,521 in its Trust Account and $1,035,350 in cash and cash equivalents, positioning it to pursue a business combination.
Key Highlights
- Completed Initial Public Offering on February 2, 2026, raising $300,000,000.
- Reported a net loss of $(6,993,616) for the three months ended March 31, 2026.
- Basic and diluted net loss per Class A ordinary share was $(0.24).
- Investments held in Trust Account totaled $301,665,521 as of March 31, 2026.
- Cash and cash equivalents were $1,035,350 as of March 31, 2026.
- Sold 8,000,000 Private Placement Warrants for $8,000,000.
- Total liabilities were $12,132,888 as of March 31, 2026.
- Shareholders' Deficit was $(10,876,367) as of March 31, 2026.