Soren Acquisition - Unit | 10-Q: FY2026 Q1 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.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.
Company Overview
SOREN ACQUISITION CORP. operates as a single reportable segment and is a blank check company incorporated on September 2, 2025, focused on identifying a target for a Business Combination without having commenced operations or generated operating revenues .
Operational Metrics (Three Months Ended March 31, 2026)
- General and administrative expenses: $303,174
- Loss from operations: - $303,174
- Interest earned on cash and marketable securities held in Trust Account: $1,987,373
- Net income: $1,684,199
Financial Position (as of March 31, 2026 vs. December 31, 2025)
- Cash: $1,982,569 (March 31, 2026) compared to $0 (December 31, 2025) .
- Cash and marketable securities held in Trust Account: $254,987,373 (March 31, 2026) compared to $0 (December 31, 2025) .
- Total Assets: $257,251,355 (March 31, 2026) compared to $516,675 (December 31, 2025) .
- Total Liabilities: $297,169 (March 31, 2026) compared to $574,884 (December 31, 2025) .
- Shareholders’ Equity (Deficit): $1,966,813 (March 31, 2026) compared to - $58,209 (December 31, 2025) .
Cash Flow (Three Months Ended March 31, 2026)
- Net cash used in operating activities: - $527,288
- Net cash used in investing activities: - $253,000,000 (primarily investment of cash in Trust Account)
- Net cash provided by financing activities: $255,509,857
- Net Change in Cash: $1,982,569
Future Outlook and Strategy
SOREN ACQUISITION CORP. was formed to effect a Business Combination, intending to use cash from its Initial Public Offering (IPO) and Private Placement Warrants, along with shares or debt, for this purpose . The company has until January 8, 2028, to complete a Business Combination, with potential extensions subject to shareholder approval . Management does not foresee the need to raise additional funds for operating expenses, but acknowledges that unforeseen costs related to identifying and negotiating a Business Combination might necessitate further financing .
