Here are the 10-Q quarterly reports from Quetta Acq Corp RTS (QETAR) 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 QETAR 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 QETAR filings page.
Quetta Acquisition Corporation is a SPAC that has not yet completed a business combination. For the three and six months ended June 30, 2026 it reported net income of $884,904 and $871,383, respectively, driven largely by a $1,040,000 gain from forgiveness of promissory notes previously issued to KM QUAD. Interest income on the Trust Account contributed $173,286 for the quarter and $342,988 year-to-date.
After significant redemptions in January 2025, approximately $19.9 million remains in the Trust Account, while cash outside the trust was only $4,575 at June 30, 2026 and working capital showed a deficit of $2,380,850. Quetta entered into a Business Combination Agreement on March 6, 2026 with Smart Kreate Group Limited and related entities and SKG is funding monthly extension deposits of $60,000 through August 2026, extending the combination deadline to September 10, 2026. The company discloses a going concern uncertainty, an excise tax liability of $614,048 (plus $62,526 of related interest and penalties), and a material weakness in internal controls related to segregation of duties and insufficient written policies.
Quetta Acquisition Corporation reported a small net loss of $13,521 for the three months ended March 31, 2026, as it continues to seek a merger target. The SPAC earned interest of $169,702 on $19.54M of cash and investments held in its Trust Account while incurring formation, operating and tax costs.
After January 2025 redemptions of 5,199,297 shares for approximately $55.15M, the Trust Account held about $18.0M, leaving 3,747,748 common shares outstanding. Working capital showed a deficit of $2.95M, and management disclosed substantial doubt about the company’s ability to continue as a going concern without completing a business combination.
On March 6, 2026, Quetta entered into a Business Combination Agreement with Smart Kreate Group Limited and related entities, replacing a previously terminated KM QUAD transaction. KM QUAD later released the company from $1.04M of promissory note obligations. Nasdaq approved the transfer of QETA’s listing to the Nasdaq Capital Market, and the company regained compliance with applicable continued listing standards.