Quarterly ResultMay 14, 2026, 06:08 AM
NWAX Q1 Net Income $2.06M; Trust Account $348.9M
AI Summary
New America Acquisition I Corp. reported a net income of $2,059,655 for the three months ended March 31, 2026. The company, a blank check company, saw its cash held in the Trust Account grow to $348,919,571, primarily due to interest income. Total assets increased to $350,360,414, while total liabilities also rose to $1,724,935 during the quarter as it continues to search for a business combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $2,059,655.
- Cash held in the Trust Account increased to $348,919,571 as of March 31, 2026, from $345,917,508 at December 31, 2025.
- Total Assets as of March 31, 2026, were $350,360,414.
- Total Liabilities as of March 31, 2026, were $1,724,935, up from $885,155 at December 31, 2025.
- Interest income on cash held in Trust for the quarter was $3,002,063.
- Formation and operating costs for the quarter amounted to $311,975.
- Basic and diluted net income per redeemable share of common stock was $0.04.
- The company incurred $15,000 in general and administrative services expenses for the quarter.
Price Impact
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