---
title: "Freedom Metals Acquisition Corp.: Net income $(59,501), EPS $(0.01) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296650843.md"
description: "Freedom Metals Acquisition Corp. reported a net loss of $59,501 and EPS of $(0.01) for the period ending June 30, 2026. As a Cayman Islands blank-check company in its pre-combination phase, it has no operating revenues. The firm completed its IPO on July 9, 2026, placing approximately $275 million in trust to finance a future business combination."
datetime: "2026-08-21T20:31:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296650843.md)
  - [en](https://longbridge.com/en/news/296650843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296650843.md)
generator: "portal-rs"
---

# Freedom Metals Acquisition Corp.: Net income $(59,501), EPS $(0.01) — 10-Q Summary

Freedom Metals Acquisition Corp. reported a consolidated net loss of $(59,501) for the period Feb. 25–Jun. 30, 2026, with basic and diluted loss per Class B share of $(0.01). The company continues in its pre-combination phase as a Cayman Islands blank-check company and has no operating revenues to date.

**Financial Highlights**

-   Net income: $(59,501) for the period Feb. 25–Jun. 30, 2026 (consolidated net loss).
-   Diluted EPS: $(0.01) for the period Feb. 25–Jun. 30, 2026 (basic and diluted net loss per Class B share).

**Business Highlights**

-   Business purpose: Formed as a Cayman Islands blank-check company to pursue a merger or acquisition; no operating revenues to date.
-   Capital formation: Completed IPO on July 9, 2026; approximately $275M placed in a trust to finance a future business combination and post-combination operations.
-   Pre-combination activities: Incubation period focused on target identification, due diligence, travel and transaction preparation funded from non-trust proceeds.
-   Operational readiness: Established administrative services, underwriting arrangements, and working-capital loan mechanisms to support deal execution.

Original SEC Filing: Freedom Metals Acquisition Corp. \[ FDMMU \] - 10-Q - Aug. 21, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**