TCGX Acquisition net loss totals $67,614 for quarter ended June 30, 2026
TCGX•Quarterly loss and no revenue
TCGX Acquisition posted a net loss of $67,614 for the period from May 26, 2026 through June 30, 2026.
The company said it had no revenue to date and that its activity focused on formation, IPO preparation, then target-search efforts for a business combination.
IPO, private placement and forward purchase agreement
The company said its IPO on Aug. 6 raised $86.25 million gross from 8,625,000 Class A shares at $10 each, with $86.25 million placed in trust.
A private placement brought in $5.23 million from 522,500 shares at $10 each, and offering costs totaled $5.84 million.
A forward purchase contract calls for 2,000,000 shares for $20 million to close concurrently with an initial business combination.
