Here are the 10-Q quarterly reports from Crown Proptech Acq WTS (CPTKW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CPTKW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPTKW filings page.
Crown PropTech Acquisitions is a SPAC that reported a net loss of $3.06 million for the six months ended June 30 2026, compared with $1.92 million a year earlier, driven by $2.01 million of operating costs and a $0.99 million non‑cash loss from the change in fair value of warrant liabilities. Trust dividend income contributed $0.10 million.
Total assets were $5.82 million, including $5.79 million in the Trust Account, while cash outside the trust was only $425 and the working capital deficit was $6.35 million. Management discloses that these liquidity constraints and the requirement to liquidate if no business combination is completed raise substantial doubt about the company’s ability to continue as a going concern. The company has 483,822 Class A redeemable shares outstanding and has extended its deadline to consummate a business combination to March 11 2027.
Crown is pursuing a merger with Mkango Rare Earths Limited under a Business Combination Agreement signed in July 2025. Amendments in February and May 2026 adjusted the pre‑closing structure, exchange ratio mechanics and outside date, which is now automatically extended to December 31 2026 for closing the Mkango transaction, subject to shareholder approvals and other conditions.
Crown PropTech Acquisitions reported a net loss of $1.0 million for the quarter ended March 31, 2026, driven by $1.1 million of operating costs and Loan Extension Agreement expense, partly offset by $50,560 of trust dividend income. The SPAC still has $5.74 million invested in its Trust Account but only $425 of cash outside the trust and a working capital deficit of $5.7 million, leaving it heavily reliant on sponsor support.
Shareholders approved another extension of the deadline to complete a business combination to March 11, 2027, with 7,984 Class A shares redeemed during the March 2026 vote, leaving 483,822 public Class A shares outstanding. Crown is pursuing a merger with Mkango Rare Earths under a Business Combination Agreement amended in February 2026, but completion remains subject to shareholder approval and regulatory effectiveness. Management discloses that these liquidity constraints and the need to close a deal before the deadline raise substantial doubt about the company’s ability to continue as a going concern.