Helix Acquisition Corp. III filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 13, 2026, reporting net income of $1,512,989 for the third quarter and disclosing $176,714,991 held in its Trust Account.

Key Highlights

  • Trust Account balance: Investments held in the Trust Account totaled $176,714,991 as of September 30, 2026, up from $0 at December 31, 2025.
  • Q3 net income: The company reported net income of $1,512,989 for the three months ended September 30, 2026, driven by $1,660,025 in interest earned on investment securities held in the Trust Account.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $3,688,010, against general and administrative expenses of $526,981.
  • Shares outstanding: As of November 13, 2026, there were 17,747,500 Class A ordinary shares and 4,312,500 Class B ordinary shares issued and outstanding.
  • Redemption value: 17,250,000 Class A ordinary shares were subject to possible redemption at $10.24 per share as of September 30, 2026.
  • Shareholders' deficit: Total shareholders' deficit stood at $(3,083,516) at September 30, 2026, compared to $(26,482) at December 31, 2025.
  • IPO completed: On January 26, 2026, the company consummated its Initial Public Offering and sold 17,250,000 Class A ordinary shares, including 2,250,000 shares pursuant to the full exercise of the underwriters' over-allotment option.

Helix Acquisition Corp. III Reports First Full Quarter of Operations After January 2026 IPO

Helix Acquisition Corp. III (NASDAQ:HLXC), a blank check company incorporated in the Cayman Islands and managed by Cormorant Asset Management, LP, filed its quarterly report for the period ended September 30, 2026. According to the filing, the company completed its Initial Public Offering on January 26, 2026, raising proceeds that were placed into a Trust Account. As of September 30, 2026, that account held $176,714,991 in investment securities, compared to zero at the prior year-end.

For the three months ended September 30, 2026, the filing reported general and administrative expenses of $147,036 and other income of $1,660,025 from interest earned on Trust Account securities, resulting in net income of $1,512,989. For the nine-month period, net income totaled $3,688,010 against $526,981 in general and administrative expenses. The company disclosed basic and diluted net income per share of $0.07 for Class A and Class B ordinary shares for the third quarter, and $0.18 for each class for the nine-month period.

The balance sheet as of September 30, 2026 showed total assets of $179,049,392 and total liabilities of $5,417,917, which included a deferred underwriting fee payable of $5,175,000. The company also sold 497,500 Private Placement Shares at an aggregate value of $4,975,000. The filing indicates the registrant is classified as a shell company, a smaller reporting company, and an emerging growth company. Cash on hand was $2,142,301 as of September 30, 2026, compared to $25,000 at December 31, 2025.

What Was Disclosed

Helix Acquisition Corp. III disclosed its unaudited financial results for Q3 and the first nine months of 2026, its Trust Account balance of $176,714,991, a shareholders' deficit of $(3,083,516), and details of its January 2026 IPO and Private Placement share sale.