Mercator Acquisition Q2 net loss narrows to $25,650 - MRCO News | RalliesMercator Acquisition Q2 net loss narrows to $25,650
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MRCO• IPO and transaction costs
- It completed its IPO on July 10, raising $172.5 million, with $172.5 million placed in the trust account.
- Transaction costs totaled $10.76 million, including $7.35 million of deferred underwriting fees payable at a business combination closing.
Quarterly and six-month results
- Mercator Acquisition posted a net loss of $25,650 for the quarter ended June 30, 2026, reflecting general and administrative costs.
- Net loss widened to $72,125 for the six months ended June 30, 2026, also driven by general and administrative expenses.
- As of June 30, 2026, it had no cash and a working capital deficit of $728,105.
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