Patriot Acquisition swings to Q2 profit of $167,713; H1 net income at $103,277
PTAC•Quarterly and half-year results
Patriot Acquisition posted net income of $167,713 for the three months ended June 30, 2026.
Six-month net income totaled $103,277, reflecting $728,239 of interest income from the Trust Account.
Operating costs were $213,926 in the quarter, while compensation expense was $400,000.
Trust Account investments stood at $176.6 million as of June 30, 2026, with cash outside the trust of $1.2 million.
IPO and private placement proceeds placed in the Trust Account totaled $175.88 million on May 21, 2026.
