New America Acquisition swings to net income of $2.06 million in Q1 FY26
New America Acquisition I Corp. Class A NWAX | 0.00 |
- New America Acquisition I posted net income of USD 2.06 million for the quarter ended March 31, 2026.
- Interest income on cash held in the trust account totaled USD 3 million, offset by operating and formation costs of USD 311,975.
- Income tax expense was USD 630,433, while cash used in operating activities was USD 88,580.
- Trust account held USD 345 million, with USD 855,526 held outside the trust account to fund target search and due diligence.
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