Twelve Seas Investment Company III swings to Q2 FY26 net income of USD 1.41 million
Reuters2026/08/17 20:32- Twelve Seas Investment Company III posted net income of USD 1.41 million for the quarter ended June 30, 2026, swinging from a net loss of USD 31,113.
- Dividend income from trust investments totaled USD 1.54 million, while general and administrative costs were USD 135,736.
- Net income for the six months ended June 30, 2026 was USD 2.77 million, returning to profit from a net loss of USD 81,873.
- Marketable securities in the trust account rose to USD 175.84 million as of June 30, 2026, including USD 3.34 million of dividend income.
- Cash outside the trust account was USD 391,972 with working capital of USD 366,657; management flagged substantial doubt about going concern.
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