X3 Acquisition posts Q1 net income of $913,196
X3 Acquisition Corp. Ltd. Class A
X3 Acquisition Corp. Ltd. Class A XCBE | 0.00 |
- X3 Acquisition posted net income of USD 913,196 for the three months ended March 31, 2026, driven by USD 1.49 million of interest earned on marketable securities held in the trust account.
- General and administrative costs totaled USD 221,434, while compensation expense was USD 393,600.
- Cash and working capital surplus were USD 921,248 and USD 1.16 million as of March 31, 2026.
- Marketable securities held in the trust account rose to USD 226.49 million, including about USD 1.49 million of interest income.
- Management flagged substantial doubt about the company’s ability to continue as a going concern within one year, citing potential need to raise additional capital while it pursues a business combination.
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. X3 Acquisition Corp. Ltd. 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: 0001493152-26-024465), on May 20, 2026, and is solely responsible for the information contained therein.
