Quarterly ResultMay 13, 2026, 04:37 PM
Republic Digital Q1 Net Income $2.55M; Trust Account $310.76M
AI Summary
Republic Digital Acquisition Co, a Special Purpose Acquisition Company (SPAC), reported a net income of $2.55 million for the three months ended March 31, 2026, primarily driven by $2.71 million in earnings from investments held in its Trust Account. As of March 31, 2026, total assets stood at $311.78 million, with $310.76 million held in the Trust Account. The company's ability to continue as a going concern is subject to completing a business combination by May 1, 2027, after which it faces mandatory liquidation.
Key Highlights
- Net income for the three months ended March 31, 2026, was $2,551,433.
- Earnings from investments held in the Trust Account totaled $2,708,697 for Q1 2026.
- Total Assets as of March 31, 2026, were $311,779,342.
- Investments held in the Trust Account amounted to $310,762,514 as of March 31, 2026.
- Cash decreased to $868,792 as of March 31, 2026, from $1,016,713 at December 31, 2025.
- Shareholders' Deficit increased to $(11,816,869) from $(11,659,605) at December 31, 2025.
- Class A Ordinary Shares redemption value was $10.36 per share as of March 31, 2026.
- The company must complete a Business Combination by May 1, 2027, or face mandatory liquidation.