Quarterly ResultMay 12, 2026, 04:13 PM
SilverBox Corp V Reports Q1 Net Income $577K; Going Concern Doubt
AI Summary
SilverBox Corp V, a blank check company, reported a net income of $577,337 for the three months ended March 31, 2026, with basic and diluted net income per share of $0.02. The company's cash and investments in its Trust Account increased to $279.16 million. However, management noted a substantial doubt about the company's ability to continue as a going concern due to its liquidity condition, which it plans to address through a business combination.
Key Highlights
- Net income for the three months ended March 31, 2026, was $577,337.
- Basic and diluted net income per share was $0.02 for both Class A and Class B ordinary shares.
- Cash and investments held in Trust Account increased to $279,158,598 as of March 31, 2026.
- Cash balance decreased to $665,875 from $812,892 at December 31, 2025.
- Total liabilities increased to $21,900,242 from $20,309,946.
- Accumulated deficit increased to $(21,088,106) from $(19,275,729).
- Management identified substantial doubt about the company's ability to continue as a going concern.
- Units began separate trading of Class A ordinary shares and redeemable warrants on January 23, 2026.