Lightwave Acquisition FY26 Q2 swings to net income of $1.63 million from net loss of $360,686 a year earlier
Reuters2026/08/14 21:07- Lightwave Acquisition posted Q2 net income of USD 1.63 million, swinging from a net loss of USD 360,686 a year earlier.
- Trust-account investment earnings rose to USD 1.97 million, while general and administrative costs climbed to USD 340,364.
- First-half net income totaled USD 3.39 million, returning from a net loss of USD 407,872 in the prior-year period.
- Trust-account investments stood at USD 223.98 million at June 30, 2026, with cash of USD 472,668 held outside the trust.
- Management flagged substantial doubt about going concern, citing expected costs and a June 26, 2027 deadline to close a business combination.
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