M Evo Global Acquisition Corp II filed its quarterly report on Form 10-Q for the quarter ended June 30, 2026, disclosing results following the completion of its Initial Public Offering earlier in the year.

Key Highlights

  • Trust Account: Investments held in the Trust Account totaled $304,335,691 as of June 30, 2026, compared to $0 at December 31, 2025.
  • Redemption Value: 30,000,000 Class A ordinary shares were subject to possible redemption at $10.14 per share as of June 30, 2026.
  • Net Income (Q2): The company reported net income of $2,565,903 for the three months ended June 30, 2026, driven by $2,670,170 in interest earned on Trust Account investments.
  • Net Loss (Six Months): For the six months ended June 30, 2026, the company reported a net loss of $4,427,713, including $8,469,916 in compensation expense related to fair value of founder shares assigned to directors.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(10,980,634) as of June 30, 2026, compared to $(24,942) at December 31, 2025.
  • Deferred Underwriting Fee: A deferred underwriting fee payable of $12,000,000 was recorded as of June 30, 2026.
  • Shares Outstanding: As of August 12, 2026, there were 30,000,000 Class A ordinary shares and 10,000,000 Class B ordinary shares issued and outstanding.

M Evo Global Acquisition Corp II Post-IPO Financial Position for Q2 2026

M Evo Global Acquisition Corp II (NASDAQ:MEVO), a blank check company incorporated in the Cayman Islands, reported its first full quarter of operations following its Initial Public Offering in early 2026. According to the filing, the IPO closed with underwriters exercising their over-allotment option in full on February 2, 2026, eliminating the forfeiture risk on 1,000,000 founder shares previously held by the Sponsor. The Trust Account held $304,335,691 at quarter end, reflecting proceeds from the IPO and related private placement.

For the three months ended June 30, 2026, the company disclosed net income of $2,565,903, with general and administrative costs of $104,267 offset by $2,670,170 in interest earned on Trust Account investments. For the six-month period, the company reported a net loss of $4,427,713, reflecting $293,488 in general and administrative costs and $8,469,916 in compensation expense tied to the fair value of founder shares assigned to directors, partially offset by $4,335,691 in Trust Account interest income.

The balance sheet as of June 30, 2026, showed total assets of $305,458,981, up from $243,667 at December 31, 2025, with the increase attributable primarily to the Trust Account. Total liabilities were $12,103,924, including the $12,000,000 deferred underwriting fee payable. The accumulated deficit grew to $(10,981,634) from $(49,942) at the prior year-end. Cash and cash equivalents were $947,796 as of June 30, 2026. The company sold 8,000,000 Private Placement Warrants for $8,000,000 and recorded a fair value of public warrants at issuance of $4,350,000, according to the filing.

What Was Disclosed

M Evo Global Acquisition Corp II disclosed its unaudited financial results for the quarter and six months ended June 30, 2026, covering Trust Account balances, share redemption values, operating losses driven by compensation expense, and balance sheet changes following its completed IPO.