Quarterly ResultMay 13, 2026, 05:32 PM
MOZAYYX Acquisition Corp. Q1 Net Income $822,679; Trust Account $300.9M
AI Summary
MOZAYYX Acquisition Corp. reported a net income of $822,679 for the three months ended March 31, 2026, primarily driven by interest income from its Trust Account. The company successfully completed its Initial Public Offering, raising $300,000,000, and a private placement of warrants for $7,220,000. As of March 31, 2026, the Trust Account held $300,955,500, and total assets stood at $302,486,082, reflecting the company's operational launch and capital accumulation for its intended business combination.
Key Highlights
- Reported net income of $822,679 for the three months ended March 31, 2026.
- Trust Account held $300,955,500 as of March 31, 2026, up from $0 at Dec 31, 2025.
- Generated $955,500 in interest income from Trust Account investments.
- Total assets increased to $302,486,082 as of March 31, 2026.
- Completed Initial Public Offering, raising $300,000,000 gross proceeds.
- Sold Private Placement Warrants for $7,220,000 in aggregate proceeds.
- Shareholders' Deficit was $(11,437,067) as of March 31, 2026.
- Forfeited 3,750 Class B ordinary shares on April 12, 2026, due to unexercised over-allotment option.