SC II Acquisition swings to Q2 net income of $1.02 million
SCII•Q2 results driven by trust interest income
- SC II Acquisition reported Q2 net income of $1.02 million, reflecting $1.32 million of trust interest income.
- General and administrative expense totaled $304,523 for the quarter, while interest earned in the operating account was $213.
- First-half net income rose to $2.62 million, driven by $3.11 million of trust interest income.
- Cash held outside the trust account was $751,003 as of June 30, 2026, with trust assets of $175.89 million.
- Management flagged substantial doubt about going concern, citing expected ongoing acquisition costs and the May 25, 2027 business-combination deadline.
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