--- title: "LAFAYETTE ACQUISITION CORP ORD USD0.0001(S/R) 24/10/2030 | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/286465892.md" datetime: "2026-05-14T20:43:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286465892.md) - [en](https://longbridge.com/en/news/286465892.md) - [zh-HK](https://longbridge.com/zh-HK/news/286465892.md) --- # LAFAYETTE ACQUISITION CORP ORD USD0.0001(S/R) 24/10/2030 | 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 0.05. EBIT: As of FY2026 Q1, the actual value is USD -1.205 M. LaFayette Acquisition Corp. operates as a blank check company with only one reportable segment and has not generated any operating revenues to date . #### Financial Performance (Three Months Ended March 31) - **Net Income:** For the three months ended March 31, 2026, the company reported a net income of $839,928, compared to no net income or loss for the same period in 2025 . - **Loss from Operations:** The loss from operations was - $182,660 for the three months ended March 31, 2026, with no loss reported for the three months ended March 31, 2025 . - **Non-Operating Income:** Interest earned on marketable securities held in the Trust Account amounted to $1,022,588 for the three months ended March 31, 2026, with no such income in the prior year period . - **Operating Costs:** Formation, general and administrative costs were $182,660 for the three months ended March 31, 2026, and $0 for the same period in 2025 . #### Financial Position (As of March 31, 2026 vs. December 31, 2025) - **Cash:** Cash was $609,647 as of March 31, 2026, down from $813,817 as of December 31, 2025 . - **Marketable Securities Held in Trust Account:** These increased to $116,802,464 as of March 31, 2026, from $115,779,876 as of December 31, 2025 . - **Total Assets:** Total assets were $117,598,336 as of March 31, 2026, compared to $116,744,813 as of December 31, 2025 . - **Total Liabilities:** Total liabilities were $4,138,445 as of March 31, 2026, slightly up from $4,124,850 as of December 31, 2025 . - **Shareholders’ Deficit:** The deficit increased to - $3,342,573 as of March 31, 2026, from - $3,159,913 as of December 31, 2025 . - **Class A Ordinary Shares Subject to Possible Redemption:** This balance was $116,802,464 as of March 31, 2026, and $115,779,876 as of December 31, 2025 . - **Working Capital:** As of March 31, 2026, the company had a working capital of $655,175 . #### Cash Flow from Operating Activities (Three Months Ended March 31) - **Net Cash Used in Operating Activities:** For the three months ended March 31, 2026, net cash used in operating activities was - $204,170, with no cash used in the prior year period . This was primarily influenced by a net income of $839,928, offset by - $1,022,588 in interest earned on marketable securities and other changes in operating assets and liabilities . #### Future Outlook and Strategy LaFayette Acquisition Corp. aims to complete a Business Combination by July 27, 2027, utilizing funds from its Trust Account and working capital for this purpose . Management acknowledges a lack of liquidity to sustain operations without a Business Combination, which raises substantial doubt about its ability to continue as a going concern . The company plans to use funds outside the trust account for identifying targets, due diligence, and structuring the Business Combination . ### Related Stocks - [LAFAR.US](https://longbridge.com/en/quote/LAFAR.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [Ealixir Reports First Quarter 2026 Results | EAXR Stock News](https://longbridge.com/en/news/287216349.md) - [Halliburton declares 2026 Q2 dividend of $0.17 a share](https://longbridge.com/en/news/287276574.md)