Evolution Global Acquisition net income rises to $1.94 million in Q2 FY26; trust account interest income increases to $2.15 million
Reuters2026/08/12 20:50- Evolution Global Acquisition posted net income of USD 1.94 million for the three months ended June 30, 2026.
- Interest income from trust investments totaled USD 2.15 million, offset by operating costs of USD 218,601.
- Six-month net income rose to USD 3.89 million, driven by USD 4.27 million of trust-account interest.
- Investments held in the trust account were USD 245.48 million as of June 30, 2026, primarily in short-dated U.S. Treasury bills.
- Cash and cash equivalents stood at USD 842,432, earmarked mainly for target search, due diligence and business-combination execution.
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