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Future Money Acquisition Corporation, a Cayman Islands-based blank check company, reported its first results as a public SPAC for the quarter ended April 30, 2026. The company completed an initial public offering of 11,200,000 units at $10.00 each, plus 304,000 private placement units, and placed $112,560,000 into a restricted trust account for a future business combination.
As of April 30, 2026, total assets were $113,431,890, including $112,907,509 in the Trust Account and $151,000 of cash outside the Trust. The company reported net income of $243,936 for the six months ended April 30, 2026, driven by $347,509 of interest on Trust investments, partially offset by $103,573 of formation, general and administrative costs.
Working capital was $510,387, but management disclosed that ongoing SPAC-related expenses and a fixed deadline to complete a merger by June 30, 2027 raise substantial doubt about the company’s ability to continue as a going concern if no business combination is completed.