Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 1,041.0K |
Gross Profit | -1,041.0K |
Operating Expense | 1,041.0K |
Operating I/L | -1,041.0K |
Other Income/Expense | 5,033.7K |
Interest Income | 383.9K |
Pretax | 3,992.6K |
Income Tax Expense | 49.1K |
Net Income/Loss | 3,943.6K |
26 Capital Acquisition Corp. is a blank check company that focuses on identifying and merging with one or more businesses. It seeks to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. As a special purpose acquisition company (SPAC), 26 Capital Acquisition Corp. generates revenue through the process of identifying and executing a merger or acquisition with a target company, allowing it to become publicly traded without going through the traditional IPO process.