Quarterly ResultMay 12, 2026, 02:53 PM
Muzero Acquisition Corp Q1 Net Income $921K; Trust Account $202.4M
AI Summary
Muzero Acquisition Corp, a blank check company, reported a net income of $921,491 for the three months ended March 31, 2026. This follows the completion of its Initial Public Offering on February 2, 2026, which generated gross proceeds of $201.25 million. As of March 31, 2026, the company's Trust Account held $202,374,142, primarily from IPO proceeds and interest earned, as it continues to seek a Business Combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $921,491.
- Cash and cash equivalents stood at $934,577 as of March 31, 2026.
- Investments in the Trust Account totaled $202,374,142 as of March 31, 2026.
- Interest earned on Trust Account investments was $1,124,142 for the quarter.
- Total assets were $203,574,958 and total liabilities were $7,209,200 as of March 31, 2026.
- The company completed its IPO on February 2, 2026, raising $201,250,000.
- Private Placement Units generated gross proceeds of $4,868,750.