---
title: "Soren Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286469640.md"
datetime: "2026-05-14T21:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286469640.md)
  - [en](https://longbridge.com/en/news/286469640.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286469640.md)
---

# Soren Acquisition | 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 -2.291 M.

#### Revenue

Soren Acquisition Corp. has not commenced any operations or generated revenues as of March 31, 2026, and does not expect to generate operating revenues until after the completion of its Business Combination.

#### Operational Metrics

-   **Net Income**: For the three months ended March 31, 2026, Soren Acquisition Corp. reported a net income of $1,684,199.
-   **Operating Costs**: Operating costs for the three months ended March 31, 2026, were $303,174.
-   **Interest Income**: The Company generated non-operating income of $1,987,373 from interest earned on cash and marketable securities held in the Trust Account for the three months ended March 31, 2026.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: For the three months ended March 31, 2026, net cash used in operating activities was - $527,288.
-   **Cash and Marketable Securities in Trust Account**: As of March 31, 2026, the Company had $254,987,373 held in the Trust Account, including approximately $1,987,000 of interest income.
-   **Cash Outside Trust Account**: As of March 31, 2026, the Company had cash of $1,982,569 outside the Trust Account.

#### Unique Metrics

-   **IPO Gross Proceeds**: The Initial Public Offering (IPO) generated gross proceeds of $253,000,000 from the sale of 25,300,000 Public Units at $10.00 per unit.
-   **Private Placement Proceeds**: The sale of 5,000,000 Private Placement Warrants to the Sponsor generated $5,000,000.
-   **Total Transaction Costs**: Incurred total transaction costs of $12,511,804, including $1,897,500 in cash underwriting fees (net of $632,500 underwriter’s reimbursement) and $10,614,304 in other offering costs.
-   **Completion Period**: Soren Acquisition Corp. has until January 8, 2028, to complete a Business Combination.

#### Future Outlook and Strategy

Soren Acquisition Corp. plans to effectuate its Business Combination using a combination of cash from the IPO and Private Placement, shares, or debt, expecting to incur significant costs in pursuit of its acquisition plans. Funds outside the Trust Account will be used to identify, evaluate, and structure target businesses. While the Company does not anticipate needing to raise additional funds for operating expenditures, it may seek further financing if required to complete a Business Combination or due to significant redemptions of Class A ordinary shares.

### Related Stocks

- [SORN.US](https://longbridge.com/en/quote/SORN.US.md)

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