Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 960.6K |
Gross Profit | -960.6K |
Operating Expense | 960.6K |
Operating I/L | -960.6K |
Other Income/Expense | 685.3K |
Interest Income | 1,251.4K |
Pretax | -275.4K |
Income Tax Expense | 244.2K |
Net Income/Loss | -519.5K |
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.