Twelve Seas Investment Co III/Cayman (TWLV) Form 10-Q — May 15, 2026
Twelve Seas Investment Company III reported net income of $1.36 million for the three months ended March 31, 2026, driven primarily by $1.53 million in dividends earned on marketable securities held in its Trust Account. The company holds $174.3 million in its Trust Account and $495,520 in cash outside the Trust Account for working capital purposes. General and administrative expenses for the quarter were $164,482.
Key figures
- Eps
- 0.06
- Net Income
- 1364043
- Cash Position
- 495520
- Working Capital
- 483643
- Trust Account Balance
- 174294831
- Dividends Earned Trust
- 1528525
- Shares Outstanding Class A
- 17745000
- Shares Outstanding Class B
- 5692500
- General And Administrative Costs
- 164482
Price after filing
1 day: 0.0%7 days: +0.3%30 days: +0.6%
Close on the filing date to close N calendar days later (from $9.92). Historical, not a forecast.
AI analysis
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