Idea Acquisition swings to Q2 net income of $2.85 million; H1 net loss widens to $1.55 million
IACO•Trust assets and cash position
Trust assets stood at $354.67 million at June 30, 2026, while cash outside the Trust Account was $1.17 million.
Six-month results move to a net loss
For the six months ended June 30, 2026, it turned to a net loss of $1.55 million as $6.18 million of compensation expense lifted costs.
Interest income from marketable securities in the Trust Account reached $4.67 million over the six-month period, partly offset by a $326,700 overallotment-liability gain.
Quarterly net income driven by interest income
Idea Acquisition posted net income of $2.85 million for the quarter ended June 30, 2026, driven by $3.08 million of interest income.
Operating costs totaled $228,287, offsetting part of the trust-account investment gains.
