Quarterly ResultMay 14, 2026, 04:38 PM
Talon Capital Corp. Q1 Net Income $1.97M; EPS $0.06
AI Summary
Talon Capital Corp., a blank check company, reported a net income of $1,971,217 for the three months ended March 31, 2026, with basic and diluted earnings per share of $0.06 for both Class A and Class B ordinary shares. The company's cash held in its Trust Account increased to $254,327,006, primarily due to interest earned. Talon Capital Corp. has not yet commenced operations and is focused on identifying a target business for a combination, with a deadline of 24 months from its September 2025 IPO.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,971,217.
- Basic and diluted net income per share for Class A and Class B ordinary shares was $0.06.
- Cash held in Trust Account increased to $254,327,006 as of March 31, 2026.
- Total Assets stood at $257,162,549 as of March 31, 2026.
- Total Liabilities were $10,419,158 as of March 31, 2026.
- Interest earned on cash held in Trust Account was $2,314,024 for the quarter.
- The company withdrew $82,657 from the Trust Account for working capital purposes.
- Class A ordinary shares subject to possible redemption totaled $254,293,961.