Karbon Capital Partners Corp. reported net income of $2.79M for the first quarter ended March 31, 2026, producing diluted earnings per share of $0.06 as the company maintained its trust-account investments while continuing search and pre‑combination activities.
Financial Highlights
- Net income was $2.79M for Q1 2026.
- Diluted EPS was $0.06 for Q1 2026 (basic and diluted net income per Class A and Class B Ordinary Shares).
- Interest on Trust Account totaled $3.07M for Q1 2026, the primary contributor to net income, partially offset by $279K in general and administrative expenses.
Business Highlights
- Completed IPO on Dec. 12, 2025, raising $345M and a concurrent $8.9M private placement to fund the search for a business combination.
- Trust account funds are invested in U.S. treasuries and money market funds to preserve capital pending a business combination focused on power generation, energy infrastructure and energy technology/security sectors.
- Company is incurring public-company costs and due diligence expenses; operating activity remains minimal and there were no revenues prior to a business combination.
Original SEC Filing:
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