Lafayette Digital Acquisition Corp. I filed its quarterly report on Form 10-Q with the SEC on August 13, 2026, covering the period ended June 30, 2026, its first full reporting period following its January 2026 initial public offering.

Key Highlights

  • IPO completed January 12, 2026: The company sold 28,750,000 Units, including 3,750,000 Units from the full exercise of the underwriters' over-allotment option.
  • Trust Account balance: Investments held in the Trust Account totaled $292,251,570 as of June 30, 2026.
  • Redemption value: 28,750,000 Class A ordinary shares were subject to possible redemption at $10.17 per share as of June 30, 2026.
  • Net income for Q2 2026: The company reported net income of $2,384,770 for the three months ended June 30, 2026, driven primarily by $2,564,146 in interest earned on Trust Account investments.
  • Six-month net income: Net income for the six months ended June 30, 2026 was $4,270,792, against general and administrative expenses of $491,514.
  • Shares outstanding: As of August 12, 2026, there were 29,510,000 Class A ordinary shares and 9,583,333 Class B ordinary shares issued and outstanding.
  • Shareholders' deficit: Total shareholders' deficit stood at $(9,309,768) as of June 30, 2026, reflecting accretion of Class A shares to redemption value.

Lafayette Digital's First Post-IPO Quarter: Trust Account Growth and Redemption Mechanics

According to the filing, Lafayette Digital Acquisition Corp. I (NASDAQ:ZKP) consummated its Initial Public Offering on January 12, 2026, raising proceeds that were placed into a Trust Account. As of June 30, 2026, the Trust Account held $292,251,570, equivalent to a redemption value of $10.17 per share for the 28,750,000 Class A ordinary shares subject to possible redemption. The company also completed a private placement of 760,000 Units, generating $7,600,000 in proceeds, according to the filing.

The condensed statements of operations show that for the three months ended June 30, 2026, total other income was $2,570,827, consisting of $2,564,146 in interest earned on Trust Account investments and $6,681 in interest earned on bank deposits. General and administrative expenses for the same quarter were $186,057, resulting in net income of $2,384,770. For the six months ended June 30, 2026, general and administrative expenses totaled $491,514 and total other income was $4,762,306, producing net income of $4,270,792. Basic and diluted net income per ordinary share was $0.06 for Class A and $0.06 for Class B shares for the quarter, and $0.12 for both classes for the six-month period, the filing reported.

The balance sheet as of June 30, 2026 reflected total assets of $293,171,994, total liabilities of $10,230,192, and a total shareholders' deficit of $(9,309,768). The deferred underwriting fee was recorded at $10,062,500. The accumulated deficit was $(9,310,802), driven largely by accretion of Class A ordinary shares to their redemption amount. The filing confirms the company is classified as a shell company, a smaller reporting company, and an emerging growth company.

What Was Disclosed

Lafayette Digital Acquisition Corp. I disclosed its unaudited financial results for the quarter and six months ended June 30, 2026, including Trust Account balances, redemption values, share counts, income from Trust investments, and the company's shareholders' deficit position following its January 2026 IPO.