Cal Redwood Acquisition Corp. (CRAQ) Form 10-Q — Aug 17, 2026
Cal Redwood Acquisition Corp., a $230 million blank-check SPAC, reported Q2 2026 net income of $1,725,848, up sharply from $599,557 a year earlier, driven almost entirely by $2,101,551 of earnings on its trust account, which grew to $239,776,741. The 10-Q contains going-concern language: management determined that mandatory liquidation and dissolution if no Business Combination is completed by the May 27, 2027 deadline raises substantial doubt about the company's ability to continue as a going concern.
Key figures
- Eps
- 0.06
- Net Income
- 1725848
- Total Assets
- 240732895
- Cash Position
- 821425
- Q2 GAnd AExpense
- 383145
- Ipo Gross Proceeds
- 230000000
- Six Month Net Income
- 3643470
- Trust Account Balance
- 239776741
- Total Transaction Costs
- 14320654
- Working Capital Surplus
- 558324
- Q2 Trust Account Earnings
- 2101551
- Class BShares Outstanding
- 7665900
- Deferred Underwriting Fee
- 9200000
- Completion Window Deadline
- May 27, 2027
- Private Placement Proceeds
- 6600000
- Trust Account Balance Dec312025
- 235633565
- Redemption Value Per Public Share
- 10.43
- Class AShares Subject To Redemption
- 23000000
AI analysis
Red flags5 · Pro
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.