---
title: "Capitalworks Emerging Markets Acq - Unit | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276454285.md"
datetime: "2026-02-20T14:44:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276454285.md)
  - [en](https://longbridge.com/en/news/276454285.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276454285.md)
---

# Capitalworks Emerging Markets Acq - Unit | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -0.15.

EBIT: As of FY2026 Q1, the actual value is USD -55.08 K.

#### Operational Metrics

-   **Net Income/(Loss)**: Capitalworks Emerging Markets Acquisition Corp. reported a net loss of - $897,045 for the three months ended June 30, 2025, compared to a net income of $446,618 for the three months ended June 30, 2024.
-   **Formation and Operating Costs**: Formation and operating costs were $33,940 for the three months ended June 30, 2025, a decrease from $171,334 for the same period in 2024.
-   **Interest Income**: Interest income decreased significantly to $21,139 for the three months ended June 30, 2025, from $153,952 for the three months ended June 30, 2024.
-   **Change in Fair Value of Warrant Liability**: The change in fair value of warrant liability was - $884,244 for the three months ended June 30, 2025, compared to $464,000 for the three months ended June 30, 2024.
-   **Working Capital**: As of June 30, 2025, Capitalworks Emerging Markets Acquisition Corp. had a working capital deficit of - $2.0 million.

#### Cash Flow

-   **Net Cash from Operating Activities**: Net cash used in operating activities was - $25,608 for the three months ended June 30, 2025, an improvement from - $110,511 for the same period in 2024.
-   **Net Cash from Financing Activities**: Net cash provided by financing activities was $23,997 for the three months ended June 30, 2025, down from $42,780 for the three months ended June 30, 2024.
-   **Cash Balance**: Cash at the end of the period was $0 as of June 30, 2025, significantly lower than $117,002 as of June 30, 2024.

#### Unique Metrics

-   **Class A Ordinary Share Redemptions**:
    -   **First Extension (May 23, 2023)**: 18,751,603 Class A ordinary shares were redeemed at approximately $10.51 per share, totaling approximately $197.2 million removed from the Trust Account.
    -   **Second Extension (February 29, 2024)**: 3,036,666 Class A Ordinary Shares were redeemed at approximately $11.07 per share, resulting in approximately $33,616,850 removed from the Trust Account.
    -   **Third Extension (February 28, 2025)**: 1,066,745 Class A Ordinary Shares were redeemed at approximately $10.91 per share, leading to approximately $11.64 million removed from the Trust Account.
-   **Trust Account Holdings**: Investments held in the Trust Account were approximately $2.40 million as of June 30, 2025, and approximately $2.38 million as of March 31, 2025.
-   **Warrant Liabilities**: The warrant derivative liability was $928,000 as of both June 30, 2025, and March 31, 2025.

#### Future Outlook and Strategy

Capitalworks Emerging Markets Acquisition Corp. is a blank check company focused on effecting a business combination. The company faces substantial doubt about its ability to continue as a going concern due to liquidity risks and the potential requirement to cease operations and liquidate if an initial Business Combination is not completed within the Combination Period. Shareholders approved an extension to consummate a Business Combination until March 3, 2026, and the company may raise additional capital through Working Capital Loans from its Sponsor or affiliates, or third parties.

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