Westin Acquisition Corp SEC 10-Q Report

Westin Acquisition Corp, a blank check company incorporated in the Cayman Islands, has released its Form 10-Q report for the six months ended December 31, 2025. The report provides a comprehensive overview of the company's financial performance and business activities, reflecting its progress and future outlook as it seeks to complete a business combination. Financial Highlights Net Income: $124,521. The company reported a net income for the six months ended December 31, 2025, primarily due to income earned on marketable securities held in the Trust Account.Net Income Per Ordinary Share, Redeemable Ordinary Shares: $0.34. This reflects the income per share for redeemable ordinary shares for the six months ended December 31, 2025.Net Loss Per Ordinary Share, Non-Redeemable Ordinary Shares: $(0.19). This indicates the loss per share for non-redeemable ordinary shares for the six months ended December 31, 2025. Business Highlights Business Model: Westin Acquisition Corp is focused on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.IPO Completion: On November 5, 2025, the company successfully completed its initial public offering (IPO), raising $57.5 million through the sale of 5,750,000 units, including the full exercise of the over-allotment option by underwriters.Private Placement: Simultaneously with the IPO, Westin Acquisition Corp completed a private placement with its Sponsor, raising an additional $2.35 million through the sale of 235,000 private placement units.Trust Account: The proceeds from the IPO and private placement, totaling $57.5 million, were placed in a trust account to be used for the initial business combination, invested in U.S. government treasury bills or money market funds.Operational Focus: The company has not yet commenced operations or selected a specific business combination target. All activities to date have been related to organizational setup and the IPO process.Future Outlook: Westin Acquisition Corp intends to use the proceeds from the IPO and private placement to identify and complete a business combination within 18 months from the IPO date, with a focus on acquiring a controlling interest in a target business.Management's Strategy: The management is focused on identifying a target company for a business combination and expects to incur significant costs related to this pursuit. The company plans to use cash, stock, or a combination thereof to effectuate the business combination.Going Concern Consideration: The company has identified substantial doubt about its ability to continue as a going concern if it fails to complete a business combination within the specified timeframe, which could lead to liquidation.SEC Filing: Westin Acquisition Corp [ WSTN ] - 10-Q - Feb. 13, 2026