Westin Acquisition Corp (WSTN) Form 10-Q — May 15, 2026
Westin Acquisition Corp filed its 10-Q for the quarter ended March 31, 2026, reporting $58.7 million in total assets, with $58.4 million held in a trust account following its November 2025 IPO. The company reported a net income of $380,859 for the quarter, driven primarily by $468,454 in interest income earned on trust assets, offset by $87,595 in operating expenses. The filing includes a going-concern warning, noting that the company must complete a business combination by May 5, 2027, or face mandatory liquidation. Management stated there is substantial doubt about the company's ability to continue as a going concern until a deal is consummated or the liquidation date arrives.
Key figures
- Eps
- 0.13
- Net Income
- 380859
- Total Debt
- 449377
- Total Assets
- 58721727
- Cash Position
- 361629
- Interest Income Q1
- 468454
- Operating Expenses Q1
- 87595
- Trust Account Balance
- 58360098
- Shares Outstanding Class B
- 2012500
- Deferred Underwriting Commission
- 2300000
Price after filing
Close on the filing date to close N calendar days later (from $10.03). Historical, not a forecast.
AI analysis
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