Vendome Acquisition Corp I reported net income of $1.6M for the first quarter of 2026, driven by interest income from trust assets; the blank‑check company recorded no operating revenues during the period. Diluted earnings per share were $0.08 for redeemable shares and $(0.01) for non‑redeemable Class B shares.
Financial Highlights
- Net income: $1.60M for the three months ended March 31, 2026.
- Diluted earnings per share: $0.08 for redeemable shares; $(0.01) for non‑redeemable Class B shares for Q1 2026.
- Revenue: Not reported for the period (no operating revenues prior to a business combination).
Business Highlights
- Business model & purpose: Formed as a Cayman Islands blank‑check company to identify and complete a business combination.
- Operational activity: No operating revenues; activities limited to IPO, organizational work, due diligence and target identification.
- Trust funding & use: $200M placed in trust to fund an acquisition; interest income from the trust boosted non‑operating results and is expected to support future operations post‑merger.
- Management outlook: Management expects continued due diligence costs and may use cash, shares or debt to complete a business combination; successful completion is not assured.
Original SEC Filing:
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