Quarterly ResultMay 14, 2026, 04:53 PM
Solarius Capital Q1 Net Income $1.39M; Trust Account $177.56M
AI Summary
Solarius Capital Acquisition Corp., a special purpose acquisition company (SPAC), reported a net income of $1.39 million for the three months ended March 31, 2026. This income was primarily generated from interest on its Trust Account, which grew to $177.56 million. The company's Class A ordinary shares subject to redemption were valued at $10.29 per share, reflecting an increase from the previous quarter.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,386,466.
- Cash and cash equivalents held in Trust Account increased to $177,559,894 as of March 31, 2026.
- Total Assets were $178,815,109 as of March 31, 2026.
- Class A ordinary shares subject to redemption were valued at $10.29 per share as of March 31, 2026.
- Income on cash and cash equivalents in Trust Account totaled $1,573,586 for the quarter.
- Net cash used in operating activities was $132,039 for the three months ended March 31, 2026.
- Total Liabilities amounted to $7,708,325 as of March 31, 2026.