Irenic Acquisition Corp. filed its quarterly report on Form 10-Q for the quarter ended June 30, 2026, covering the period from its inception on March 4, 2026, through June 30, 2026, with the filing submitted on August 14, 2026.

Key Highlights

  • Trust Account: Marketable securities held in the Trust Account totaled $254,059,864 as of June 30, 2026.
  • Shares Outstanding: As of August 13, 2026, there were 25,958,252 Class A ordinary shares and 6,313,297 Class B ordinary shares issued and outstanding.
  • Redemption Value: 25,253,188 Class A ordinary shares were subject to possible redemption at $10.06 per share.
  • Net Income: The company reported net income of $1,311,466 for the period from inception through June 30, 2026, and net income of $1,365,386 for the three months ended June 30, 2026.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(8,952,174) as of June 30, 2026, driven by an accumulated deficit of $(8,952,876).
  • Founder Share Surrender: The Sponsor surrendered 862,500 founder shares for no consideration on March 13, 2026, leaving the Sponsor with an aggregate of 6,325,000 founder shares.
  • Deferred Underwriting Fee: A deferred underwriting fee payable of $10,101,275 was recorded as of June 30, 2026.

Irenic Acquisition Corp. Balance Sheet and Results Since Inception

Irenic Acquisition Corp. (NASDAQ:IACQ), a blank check company incorporated in the Cayman Islands, reported its first quarterly results since inception on March 4, 2026. According to the filing, total assets as of June 30, 2026, were $255,352,569, with the vast majority consisting of $254,059,864 in marketable securities held in the Trust Account. Cash on hand was reported at $1,019,463, and prepaid expenses and insurance made up the remainder of current assets.

The company reported general and administrative costs of $171,066 for the three months ended June 30, 2026, and $224,986 for the period from inception through June 30, 2026. Interest earned on marketable securities held in the Trust Account contributed $1,527,982 in other income for both periods, and a change in fair value of the over-allotment option liability added $8,470. The filing disclosed net income of $1,365,386 for the three-month period and $1,311,466 from inception through June 30, 2026. Basic and diluted net income per share was $0.06 for Class A redeemable shares for the three-month period and $0.07 for the inception-to-date period.

The filing noted that 705,064 Private Placement Units were sold, with the sale recorded at $7,050,640 in the shareholders' equity table. The company confirmed it is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. The registrant also confirmed it is a shell company as defined under Rule 12b-2 of the Exchange Act. Total liabilities as of June 30, 2026, were $10,244,879, which included $143,604 in current liabilities and $10,101,275 in deferred underwriting fees payable.

What Was Disclosed

The filing covers Irenic Acquisition Corp.'s first quarterly financial statements since its March 4, 2026 inception, including its balance sheet, income statement, and equity activity through June 30, 2026, along with share counts and Trust Account balances.