Quarterly ResultMay 13, 2026, 04:09 PM
TGE Value Creative Solutions Q1 Net Income $1.11M; Trust Assets $151.3M
AI Summary
TGE Value Creative Solutions Corp, a SPAC, reported a net income of $1,109,516 for the three months ended March 31, 2026, primarily driven by income on investments held in its trust account. Basic and diluted earnings per share were $0.06. The company's investments in the trust account grew to $151.3 million, contributing to an increase in total assets to $151.9 million, while cash at bank slightly decreased.
Key Highlights
- Net income for the three months ended March 31, 2026 was $1,109,516.
- Basic and diluted net earnings per share for Class A and B shares were $0.06.
- Investments held in the Trust Account increased to $151,320,741 from $150,109,781.
- Total Assets as of March 31, 2026 were $151,968,648.
- Cash at bank decreased to $642,920 from $683,798 at December 31, 2025.
- Total Current Liabilities increased to $328,584 from $263,031.
- Net cash used in operating activities was $(40,878).