Cal Redwood Acquisition FY26 Q2 net income rises to $1.73 million; trust-account investment earnings climb to $2.1 million - CRAQ News | RalliesCal Redwood Acquisition FY26 Q2 net income rises to $1.73 million; trust-account investment earnings climb to $2.1 million
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CRAQ• Quarterly results
- Cal Redwood Acquisition posted GAAP net income of $1.73 million for the quarter ended June 30, 2026, up 187.82%.
- General and administrative expenses rose 180.92% to $383,145, while earnings on investments held in the Trust Account climbed 142.07% to $2.1 million.
Six-month performance
- For the six months ended June 30, GAAP net income increased more than doubled to $3.64 million, driven by $4.14 million of Trust Account earnings.
Balance sheet and deadline
- Cash and investments held in the Trust Account totaled $239.78 million at June 30, 2026, while cash outside the trust fell to $821,425.
- Management reiterated the completion deadline for an initial business combination of , citing going-concern uncertainty tied to mandatory liquidation.
May 27, 2027
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