Alussa Energy Acquisition Corp. II filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing trust account growth, net income driven by interest earnings, and an accumulated shareholders' deficit.

Key Highlights

  • Trust Account: Investments held in the Trust Account totaled $296,720,923 as of September 30, 2026, up from $288,940,875 at December 31, 2025, according to the filing.
  • Net Income (Nine Months): The company reported net income of $6,974,757 for the nine months ended September 30, 2026, compared to a net loss of $17,558 for the same period in 2025.
  • Interest on Trust: Interest earned on investments held in the Trust Account was $7,780,048 for the nine months ended September 30, 2026, representing the primary source of other income.
  • Redemption Value: The 28,750,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.32 per share at September 30, 2026, versus $10.05 per share at December 31, 2025.
  • Shareholders' Deficit: Total shareholders' deficit was $(18,219,612) at September 30, 2026, compared to $(17,414,322) at December 31, 2025.
  • Shares Outstanding: As of November 6, 2026, there were 28,750,000 Class A ordinary shares and 7,187,500 Class B ordinary shares issued and outstanding.
  • General and Administrative Costs: G&A costs for the nine months ended September 30, 2026 were $805,291, compared to $17,558 for the same period in 2025.

Alussa Energy Acquisition Corp. II: Trust Growth and Operating Results Through September 30, 2026

Alussa Energy Acquisition Corp. II (NYSE:ALUB), a Cayman Islands-incorporated special purpose acquisition company based in Austin, Texas, filed its Form 10-Q for the quarterly period ended September 30, 2026. The company disclosed total assets of $297,231,163, with the dominant component being $296,720,923 in investments held in the Trust Account. Cash on hand declined to $413,165 from $1,163,106 at December 31, 2025, according to the balance sheet.

For the three months ended September 30, 2026, the company reported net income of $2,516,290, attributable primarily to $2,668,395 in interest earned on Trust Account investments, which more than offset a loss from operations of $152,105 in general and administrative costs. For the nine-month period, net income of $6,974,757 similarly reflected $7,780,048 in Trust Account interest against $805,291 in G&A costs. The company noted that the weighted-average shares outstanding for the nine-month period were 28,750,000 Class A ordinary shares and 7,187,500 Class B ordinary shares, yielding basic and diluted net income per share of $0.19 for each class.

On the liabilities side, the filing identified deferred underwriting fees of $8,625,000, a deferred advisory fee of $8,625,000, and deferred legal fees of $1,197,413, all unchanged from December 31, 2025. Accretion of Class A ordinary shares to redemption amount totaled $7,780,047 for the nine months ended September 30, 2026 across the three quarters. The company confirmed it is classified as a shell company, a smaller reporting company, and an emerging growth company.

What Was Disclosed

Alussa Energy Acquisition Corp. II reported its unaudited financial results for Q3 and the nine months ended September 30, 2026, showing trust account growth to $296,720,923, net income of $6,974,757 year-to-date, and a total shareholders' deficit of $(18,219,612).