Crown Reserve Acquisition swings to Q2 FY26 profit of $1.35 million; six-month FY26 net income slips to $1.09 million
CRAC•Trust account balance
Trust Account investments stood at $176.48 million at June 30, with no cash held outside the Trust Account.
Business combination timeline
The Business Combination Agreement with Carvix targets a deal by Sept. 30, 2026; completion deadline extends to Feb. 10, 2027.
Quarterly and half-year results
Crown Reserve Acquisition posted Q2 net income of $1.35 million, driven by $1.55 million in Trust Account dividends.
General and administrative costs were $53,125; professional fees were $25,000; warrant liability fair-value loss totaled $116,477.
First-half net income was $1.09 million on $3.07 million in Trust Account dividends, offset by a $1.72 million warrant liability loss.
