New America Acquisition I Q2 net income falls to $1.86 million; six-month net income drops to $3.92 million - NWAX News | RalliesNew America Acquisition I Q2 net income falls to $1.86 million; six-month net income drops to $3.92 million
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NWAX• Quarterly and six-month results
- New America Acquisition I posted net income of $1.86 million for the quarter ended June 30, 2026.
- For the six months ended June 30, 2026, net income dropped to $3.92 million.
- Interest income on cash held in the trust account totaled $3.02 million, offset by operating and formation costs of $268,621.
- Income tax expense was $896,956.
Trust account and going-concern disclosure
- The trust account held $345 million; $659,719 sat outside the trust account as of June 30, 2026.
- Management said substantial doubt exists about going concern beyond June 5, 2027 absent a completed business combination or deadline extension.
