Wintergreen Acquisition Corp. reported first-quarter 2026 results that show a swing to net income of $371705 versus a net loss of $(75,157) in the year‑ago quarter; the company remains a blank‑check SPAC with no operating revenues prior to a business combination.
Financial Highlights
- Net income was $371,705 for Q1 2026, versus a net loss of $(75,157) in Q1 2025 (improvement year‑over‑year).
- Diluted earnings per share: $0.14 for redeemable shares and $(0.23) for non‑redeemable shares for Q1 2026; non‑redeemable EPS was $(0.06) in Q1 2025.
- Revenue: Not reported for Q1 2026 — the company is a blank‑check SPAC with no operating revenues prior to a business combination.
Business Highlights
- IPO and capitalization: Completed an IPO on May 30, 2025 raising $55.95M (including partial overallotment), with proceeds held in a trust for acquisition purposes.
- Business combination progress: Entered a Merger Agreement with KIKA on Nov. 17, 2025 to acquire KIKA and rebrand as KIKA Inc.; the transaction values KIKA at $80M.
- Operational shift: Transitioned from formation activities to active target identification, due diligence and negotiation, and expects higher public company costs as combination work continues.
- Revenue and operations status: No operating revenue to date; income in the period was limited to interest on the trust and marketable securities pending completion of a business combination.
Original SEC Filing:
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