Leapfrog Acquisition Corporation

LFAC: 10-Q · periodic report

Leapfrog Acquisition Corporation, a pre-deal blank check company (SPAC), filed its 10-Q for the quarter ended June 30, 2026, reporting net income of $1,125,244 for the quarter and $2,199,838 for the first six months of 2026. Earnings consist almost entirely of interest earned on cash held in its trust account ($1,259,745 in Q2), partially offset by $134,501 of quarterly general and administrative expenses. The trust account held $146,597,830 at June 30, 2026, up from $144,087,613 at year-end 2025, following the company's December 8, 2025 IPO of 14,375,000 units at $10.00 that raised gross proceeds of $143,750,000, plus $4,725,000 from a private placement to sponsor Leapfrog Partners and BTIG. No business combination target has been identified; management intends to focus on energy or infrastructure opportunities, particularly outside the United States. Outside the trust, the company held $924,963 in cash with a working capital surplus of $1,004,716, and management concluded it has access to sufficient funds to continue as a going concern. The company must complete an initial business combination within 24 months of the IPO closing (by December 2027) or redeem public shares and liquidate, with a $5,031,250 deferred underwriting fee payable from trust funds only upon deal completion.

SEC 10-Q•2mo ago

LFAC: 10-Q · periodic report

Leapfrog Acquisition Corp reported net income of $1.07 million for the quarter ended March 31, 2026, derived entirely from interest income on the $145.3 million held in its trust account. The company incurred $175,878 in general and administrative expenses, leaving its operating cash balance at $1.01 million. As a blank check company, Leapfrog has not commenced operations or selected a business combination target, focusing its search efforts on the energy or infrastructure sectors outside the United States. The trust account balance, which includes proceeds from the December 2025 IPO, is restricted and will be used to fund a potential merger or acquisition within the completion window. Management affirmed its ability to continue as a going concern, citing access to IPO proceeds to fund operations while searching for a target. The company noted that geopolitical instability and market volatility could impact its search process but did not identify any material subsequent events or new risk factors.

SEC 10-Q•5mo ago