Quarterly ResultSep 10, 2026, 04:18 PM
TCGX Acquisition Corp. Reports Q2 2026 Net Loss of $67,614
AI Summary
TCGX Acquisition Corp. filed its 10-Q for the period ending June 30, 2026, reporting a net loss of $67,614. The company, in its initial operational period since inception on May 26, 2026, incurred formation and administrative costs of $67,614. As of June 30, 2026, TCGX had total assets of $253,176 and total liabilities of $295,790, resulting in a shareholders' deficit of $42,614. The company had no cash and a working capital deficit of $288,997, which was subsequently addressed by the Initial Public Offering.
Key Highlights
- TCGX Acquisition Corp. reported a net loss of $67,614 for the period from May 26, 2026 (inception) through June 30, 2026.
- The company had total assets of $253,176 as of June 30, 2026.
- Total liabilities were $295,790 as of June 30, 2026, resulting in a shareholders' deficit of $42,614.
- Formation, general and administrative costs for the period were $67,614.
- Deferred offering costs amounted to $246,383 as of June 30, 2026.
- The company had no cash on hand as of June 30, 2026, with a working capital deficit of $288,997.
Price Impact