Paloma Acquisition Corp I reported a net loss of $(1.04M) and diluted loss per share of $(0.09) for the first quarter of 2026, as the blank-check company continued organizational and acquisition-search activities and recorded limited operating revenue primarily from interest income in its Trust Account.
Financial Highlights
- Net income (loss): $(1.04M) for Q1 2026 (consolidated).
- Diluted EPS: $(0.09) per Class A ordinary share for Q1 2026 (basic & diluted).
- Operating revenue: No operating revenues to date; only interest income from Trust Account.
Business Highlights
- Business model: Paloma Acquisition Corp I is a Cayman Islands blank check (SPAC) formed to identify and complete a Business Combination.
- Operational activity: Primary activities during the quarter included organizational work, IPO preparation, target identification, due diligence and deal sourcing.
- Capital deployment: Proceeds were raised from the IPO and private placement to fund the acquisition search and future operations of a target business.
- Outlook: Management expects ongoing acquisition-related costs and intends to use Trust Account funds to finance the Business Combination and subsequent target operations.
Original SEC Filing:
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