LaFayette Acquisition Corp. Ordinary Share

LAFA: 10-Q · periodic report

LaFayette Acquisition Corp. reported net income of $839,928 for the quarter ended March 31, 2026, driven primarily by $1.02 million in interest earned on marketable securities held in its Trust Account. This interest income was partially offset by $182,660 in formation, general, and administrative costs, resulting in a positive net income despite the company having no operating revenues. The company holds $116.8 million in its Trust Account, which has grown from $115.8 million at the end of the prior quarter due to interest accruals. Outside the Trust Account, the company maintains $609,647 in cash and a working capital of $655,175, sufficient for near-term operational needs but subject to going-concern considerations if a business combination is not completed within the 21-month deadline. Management disclosed substantial doubt about the company's ability to continue as a going concern, noting that it lacks the liquidity to sustain operations for a reasonable period of time without completing a business combination or securing additional working capital loans from the Sponsor. No material changes to risk factors were reported, and no business combination has been identified or completed to date.

SEC 10-Q•5mo ago