Invest Green Acquisition Corp (IGAC) Form 10-Q — May 15, 2026
Invest Green Acquisition Corporation reported net income of $1.33 million for the quarter ended March 31, 2026, driven primarily by $1.52 million in interest earned on marketable securities held in its trust account. This income was partially offset by $195,006 in operating costs, resulting in a shareholders' deficit of $7.02 million. The company holds $174.6 million in its trust account, which is reserved for a future business combination that has not yet been identified. Outside the trust account, the company maintains $705,191 in cash, supplemented by a $3.5 million convertible working capital note from its sponsor, of which $896,740 has been drawn to date.
Key figures
- Eps
- 0.06
- Net Income
- 1330316
- Total Debt
- 896740
- Total Assets
- 175515827
- Cash Position
- 705191
- Operating Costs
- 195006
- Trust Account Balance
- 174617842
- Trust Interest Income
- 1522020
- Working Capital Note Capacity
- 3500000
- Working Capital Note Outstanding
- 896740
AI analysis
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