MergerMay 14, 2026, 07:37 AM
Wintergreen Acquisition Corp. Updates KIKA Merger; Q1 Net Income $371,705
AI Summary
Wintergreen Acquisition Corp. reported its Q1 2026 financial results, showing a net income of $371,705, a substantial improvement from a loss in the prior year period. The company also provided an update on its previously announced Merger Agreement with KIKA Technology INC., which was entered into on November 17, 2025, and will result in KIKA becoming a wholly-owned subsidiary and the company changing its name to "KIKA Inc." While the company's financial position improved, management noted substantial doubt about its ability to continue as a going concern if the business combination is not consummated by May 30, 2027.
Key Highlights
- Merger Agreement with KIKA Technology INC. was entered on November 17, 2025.
- Merger Sub will merge into KIKA, making KIKA a wholly-owned subsidiary of Wintergreen.
- Company name will change to "KIKA Inc." upon consummation of the business combination.
- Q1 2026 net income was $371,705, a significant improvement from Q1 2025 loss of $(75,157).
- Income earned on marketable securities in Trust Account was $503,470 in Q1 2026.
- Marketable securities held in Trust Account increased to $57,929,106 as of March 31, 2026.
- Cash at March 31, 2026, was $1,179,430, down from $1,324,992 at December 31, 2025.
- Company has until May 30, 2027, to complete the Initial Business Combination.