New America Acquisition I Corp. reported net income of $2.06M and diluted earnings per share of $0.04 for the first quarter ended March 31, 2026, with no operating revenues as the special-purpose acquisition company continues to seek a business combination.
Financial Highlights
- Net income: $2.06M for Q1 2026 (consolidated net income for the three months ended March 31, 2026).
- Diluted EPS: $0.04 basic and diluted net income per redeemable share and $0.04 per non-redeemable share for Q1 2026.
- Revenue: Not reported for the three months ended March 31, 2026 (no operating revenues; only interest income disclosed).
Business Highlights
- Business model: Newly formed blank-check SPAC focused on acquiring target businesses in technology, healthcare and logistics.
- Operations: No operating revenues to date; the company earns interest income on trust assets prior to a business combination.
- Capital and strategy: Approximately $345M held in trust to fund a prospective acquisition; management may pursue additional financing as needed.
- Activity and expenses: Incurred public-company and deal-sourcing expenses and deployed about $855K outside the trust for target search, due diligence and administrative costs.
Original SEC Filing:
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