X3 Acquisition Corp. Ltd. reported a net income of $913196 and diluted earnings per share of $0.04 for the quarter ended Mar. 31, 2026. As a blank‑check company, X3 did not generate operating revenue during the period and continued to focus on identifying and preparing for a business combination.
Financial Highlights
- Net income was $913,196 for the three months ended Mar. 31, 2026.
- Diluted EPS was $0.04 for the three months ended Mar. 31, 2026.
- Revenue: none reported — the company is a blank‑check SPAC and did not generate operating revenue during the period.
Business Highlights
- Business model: formed as a blank‑check company to identify and complete a business combination as its primary objective.
- Trust and capital: approximately $225M placed in trust to be used substantially for the business combination and post‑combination operations.
- Operational activity: primary activities during the quarter were organizational setup, the IPO process and target identification; no operating revenues.
- Liquidity and use of cash outside the trust: funds were used for deal sourcing, due diligence, travel and transaction preparation to support a potential closing.
Original SEC Filing:
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