Renatus Tactical Acquisition Corp I reports net income of $1,808,560 for the quarter ended March 31, 2026, driven mainly by $2,091,474 of interest on its IPO trust assets, partly offset by $282,914 of formation and operating expenses.
Cash in the trust account reached $250,274,966, while cash outside the trust was only $10,977, leading management to highlight substantial doubt about the company’s ability to continue as a going concern without additional financing or a business combination.
The SPAC has 24,150,000 Class A ordinary shares subject to redemption and 7,011,288 Class B ordinary shares outstanding, has issued investor convertible notes totaling $330,000, and is still seeking a suitable target for its initial business combination.
Renatus Tactical Acquisition Corp I reports net income of $1,808,560 for the quarter ended March 31, 2026, driven mainly by $2,091,474 of interest on its IPO trust assets, partly offset by $282,914 of formation and operating expenses.
Cash in the trust account reached $250,274,966, while cash outside the trust was only $10,977, leading management to highlight substantial doubt about the company’s ability to continue as a going concern without additional financing or a business combination.
The SPAC has 24,150,000 Class A ordinary shares subject to redemption and 7,011,288 Class B ordinary shares outstanding, has issued investor convertible notes totaling $330,000, and is still seeking a suitable target for its initial business combination.