Clearthink 1 Acquisition swings to Q1 net income of $414,794
Clearthink 1 Acquisition Corp. Class A CTAA | 0.00 |
- Clearthink 1 Acquisition posted net income of $414,794 for the quarter ended March 31, 2026, reflecting $419,810 of interest income from cash held in the trust account.
- Formation and operating costs totaled $208,655, while the fair-value change in the overallotment option added $203,639.
- Cash stood at $1,556,851, with working capital of $1,722,262.
- Proceeds held outside the trust account totaled about $1,737,168, earmarked mainly for target search, due diligence, travel, and deal structuring tied to an initial business combination.
- Commitments included a monthly fee of up to $15,000 to sponsor or affiliate for office space and administrative support, starting Feb. 24, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clearthink 1 Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023940), on May 15, 2026, and is solely responsible for the information contained therein.
