Harvard Ave Acquisition swings to Q2 net income of $1.06 million

Harvard Ave flagged substantial doubt about its ability to continue as a going concern within one year without completing a business combination.

Harvard Ave Acquisition posted net income of $1.06 million for the quarter ended June 30, 2026, swinging from a net loss of $42,348 a year earlier.

Interest income on trust investments totaled $1.31 million, offset by formation and operating costs of $247,629.

For the six months, net income was $2.2 million, reversing a net loss of $64,170 in the prior-year period.

Cash and investments held in the trust account stood at $148.61 million as of June 30, 2026.