Irenic Acquisition swings to net income of $1.37 million in quarter ended June 30, 2026 - IACQ News | RalliesIrenic Acquisition swings to net income of $1.37 million in quarter ended June 30, 2026
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IACQ• Quarterly results and trust account balances
- Irenic Acquisition posted net income of USD 1.37 million for the three months ended June 30, 2026.
- Profit reflected USD 1.53 million of interest income from marketable securities in the Trust Account, offset by USD 171,066 of administrative costs.
- Net income totaled USD 1.31 million from inception on March 4, 2026 through June 30, 2026.
- Cash was USD 1.02 million at quarter-end; cash held in the Trust Account was USD 254.06 million.
- IPO proceeds reached USD 220 million, with the partial over-allotment adding USD 32.53 million; USD 252.53 million was placed in trust.
