Quetta Acquisition Corp (QETA) Form 10-Q — May 15, 2026
Quetta Acquisition Corporation (QETA) reported a net loss of $13,521 for the quarter ended March 31, 2026, driven by operational costs and taxes, partially offset by interest income from its trust account. The company faces severe liquidity constraints, holding only $909 in cash and reporting a working capital deficit of $2.95 million, leading management to disclose substantial doubt about its ability to continue as a going concern. The filer entered into a Business Combination Agreement with Smart Kreate Group Limited (SKG) in March 2026, following the termination of a prior merger agreement with KM QUAD in January 2026.
Key figures
- Total Debt
- 5389398
- Cash Position
- 909
- Excise Tax Payable
- 551522
- Km Quad Note Balance
- 1040000
- Shares Outstanding
- 3747748
- Trust Account Balance
- 19541732
- Deferred Underwriting Fee
- 2415000
- Shares Subject To Redemption
- 1700703
- Related Party Promissory Note
- 220000
Price after filing
Close on the filing date to close N calendar days later (from $11.94). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.