Here are the 10-Q quarterly reports from Idea Acquisition Corp. Units (IACOU) 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 IACOU 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 IACOU filings page.
Idea Acquisition Corp., a Cayman Islands blank check company targeting software businesses using large language models and other AI tools, reported early-stage results for the quarter ended June 30, 2026. After its February IPO of 35,000,000 units at $10.00, total assets were $356.1 million, including $354.7 million of cash and marketable securities in a U.S. Treasury-based Trust Account and $1.2 million of cash outside the trust.
For the quarter, the company generated net income of $2.9 million, driven by $3.1 million of interest on trust investments and $228,287 of general and administrative costs. For the six months, it recorded a net loss of $1.6 million, reflecting $6.2 million of non-cash share-based compensation tied to founder shares and private placement warrants. As of June 30, 2026, the company had a working capital surplus of $878,328, but management disclosed that projected negative cash flows and the need to complete a Business Combination within the 24‑month completion window raise substantial doubt about its ability to continue as a going concern.
Idea Acquisition Corp. reported its first quarterly results as a SPAC for the period ended March 31, 2026, following its February IPO. The company completed a 35,000,000-unit offering at $10.00 per unit, placing $350,000,000 into a U.S. Treasury-backed Trust Account.
As of March 31, 2026, the Trust Account balance was $351,589,271, including $1,589,271 of interest income. The company recorded a net loss of $4,408,764, driven mainly by $6,182,319 of share-based compensation and $142,416 of general and administrative costs, and carries a working capital deficit with no cash outside the Trust Account.