FIGX Capital Acquisition Corp.

FIGX: 10-Q · periodic report

FIGX Capital Acquisition Corp., a Cayman Islands SPAC targeting financial and business services companies, filed its 10-Q for the quarter ended June 30, 2026 reporting Q2 net income of $1,252,718, driven by $1,372,743 of interest earned on its trust account and partially offset by $120,025 of formation and G&A costs. The company disclosed substantial doubt about its ability to continue as a going concern, stating it currently lacks the liquidity needed to sustain operations for at least one year, with only $664,186 of cash outside its trust account and no borrowings available under working capital loan facilities unless the sponsor elects to fund them. FIGX has until June 30, 2027 to complete an initial business combination or face redemption of public shares, trust liquidation, and dissolution. Its trust account held $156,460,058 as of June 30, 2026, equal to $10.39 per public share, and management is focused on differentiated private wealth and asset managers positioned as multi-asset fund managers.

SEC 10-Q•2mo ago