Peace Acquisition Corp. 1Q 2026: Net income $(56.4K), EPS $(0.03) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Peace Acquisition Corp. reported a Q1 2026 net loss of $56.4K, with EPS of $(0.03). The company completed its IPO in May 2026, raising $60M for an initial business combination targeting Asia-based acquisitions (excluding China). Approximately $400K is available outside the trust for operational costs.
Peace Acquisition Corp. reported a net loss of $56.4K for the first quarter of 2026, with basic and diluted loss per share of $(0.03), according to its 10-Q filing.
Financial Highlights
- Net income: $(56,387) for Q1 2026 (net loss of $56.4K).
- Diluted earnings per share: $(0.03) for Q1 2026 (basic and diluted net loss per share).
Business Highlights
- IPO completed May 26, 2026; $60.0M of proceeds placed in trust to fund an initial business combination.
- Blank-check vehicle targeting Asia-based acquisitions (excluding China) to pursue mergers or asset purchases.
- Approximately $400K available outside the trust to fund target search, due diligence, travel and transaction costs.
- Engaged EBC for business-combination marketing and Ascendant for accounting; ongoing administrative services are arranged.
Original SEC Filing: Peace Acquisition Corp. [ PECE ] - 10-Q - Jun. 26, 2026
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.