X3 Acquisition Corp. Ltd.

XCBE: 10-Q · periodic report

X3 Acquisition Corp. Ltd., a Cayman Islands blank check company, reported net income of $1,844,612 for the quarter ended June 30, 2026 and $2,757,808 for the six-month period, driven almost entirely by $3,489,882 of interest earned on marketable securities held in its trust account. The company completed a $200,000,000 IPO on January 22, 2026 (plus a $25,000,000 over-allotment), placing $225,000,000 in trust and paying $9,571,416 in total transaction costs. It has not yet selected a business combination target and has a 24-month completion window running from the IPO closing. Management disclosed that its liquidity condition raises substantial doubt about its ability to continue as a going concern, with only $644,214 of cash outside the trust and a total shareholders' deficit of $4.62 million. It plans to address the uncertainty by completing an initial business combination, but offered no assurance it will do so within the completion window.

SEC 10-Q•2mo ago