Lightwave Acquisition FY26 Q2 swings to net income of $1.63 million from net loss of $360,686 a year earlier
LWAC•Quarterly results swing to profit
Lightwave Acquisition posted Q2 net income of $1.63 million, swinging from a net loss of $360,686 a year earlier.
Trust-account investment earnings rose to $1.97 million, while general and administrative costs climbed to $340,364.
Going-concern warning and deadline
Management flagged substantial doubt about going concern, citing expected costs and a June 26, 2027 deadline to close a business combination.
First-half results and balance sheet
First-half net income totaled $3.39 million, returning from a net loss of $407,872 in the prior-year period.
Trust-account investments stood at $223.98 million at June 30, 2026, with cash of $472,668 held outside the trust.
