Here are the 10-Q quarterly reports from Vendome Acquisition Corporation I Unit (VNMEU) 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 VNMEU 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 VNMEU filings page.
Vendome Acquisition Corporation I, a Cayman Islands SPAC, reported interim results for the quarter ended June 30, 2026. The company has not begun operating activities and is focused on identifying a target for its initial business combination.
Total assets were $207.9 million, including $207.4 million of cash held in the Trust Account invested in U.S. government securities, and $520 thousand of cash and prepaid expenses outside the trust. Current liabilities totaled $279 thousand, mainly accrued expenses and related-party payables, leaving shareholders’ equity of $241 thousand. All 20,000,000 Class A ordinary shares issued in the IPO are classified as redeemable, at $10.37 per share as of June 30, 2026.
For the three and six months ended June 30, 2026, Vendome recorded net income of $1.6 million and $3.2 million, respectively, driven by $1.8 million and $3.6 million of interest income on trust investments, partially offset by formation and operating expenses of $196.7 thousand and $364.1 thousand. Cash used in operating activities for the six months was $262.6 thousand, funded by a $200 thousand working-capital withdrawal from the Trust and $60 thousand of related-party financing. Management reports cash of $302 thousand and working capital of $240.6 thousand, and believes available liquidity and potential sponsor loans are sufficient through at least one year while pursuing a business combination within the 24-month combination period.
Vendome Acquisition Corporation I reported its first full quarter as a public blank check company with net income of $1,601,866 for the three months ended March 31, 2026. This income came almost entirely from $1,769,248 of interest earned on the cash held in its IPO trust account, partly offset by $167,382 of formation and operating expenses.
The company holds $205,602,194 in its Trust Account, equal to $10.28 per redeemable Class A share, and had $408,087 of cash outside the trust and working capital of $437,296 as of March 31, 2026. It still has no operating business and is focused on finding a U.S.-based target for a Business Combination within 24 months of its July 3, 2025 IPO.
Management believes existing cash, permitted withdrawals of up to 5% of annual trust interest, and potential working capital loans from the sponsor provide sufficient liquidity through the earlier of completing a Business Combination or one year from this filing.