Indigo Acquisition Corp. reported first-quarter 2026 results showing a swing to profit, with net income of $873606 and diluted earnings per non‑redeemable ordinary share of $0.06, compared with a net loss of $134620 and loss per share of $(0.05) in the year‑ago quarter. The company recorded no operating revenues; income was derived from interest and dividends on its trust account.
Financial Highlights
- Revenue: No operating revenue reported for 1Q 2026; income derived from interest/dividends on Trust Account.
- Net income: $873,606 for 1Q 2026, versus a net loss of $134,620 in 1Q 2025 (improvement to profit YoY).
- Diluted EPS: $0.06 for diluted net income per non‑redeemable ordinary share for 1Q 2026, vs $(0.05) in 1Q 2025.
Business Highlights
- Business model: Indigo Acquisition Corp. is a Cayman Islands blank‑check (SPAC) formed to identify and acquire a target business through a business combination.
- Capital deployment: Approximately $115M is held in a trust to fund a business combination; interest from the trust may be used to pay taxes and to fund the deal process.
- Operations: The company has no operating revenues and is focused on target identification, due diligence and completing IPO‑related setup and sponsor activities.
- Timing & risk: The company must complete a business combination by April 2, 2027 or liquidate; the filing notes substantial doubt about the company’s ability to continue as a going concern absent a combination.
Original SEC Filing:
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