Amanat Acquisition Corp. Reports Net Income of $31,732 for Quarter Ending June 30, 2026

Amanat Acquisition Corp. reported its financial results for the quarter ending June 30, 2026, revealing a net income of $31,732 for the three-month period, a notable improvement compared to a net loss of $28,169 for the period from its inception on January 13, 2026, through June 30, 2026. The company generated total revenues primarily from interest earned on cash and investments held in its Trust Account, amounting to $290,024, while incurring formation, general, and administrative costs of $251,402 and share-based compensation expenses of $52,290 during the quarter.

The company’s balance sheet as of June 30, 2026, shows total assets of $77.2 million, which includes $75.3 million held in a Trust Account, primarily in U.S. Treasury securities. This represents a significant capital position for the company, which has not yet engaged in any operational activities or completed a business combination. Current liabilities stood at $471,136, with a shareholders' deficit of $789,950, reflecting the company's early-stage status and the costs associated with its initial public offering (IPO).

Amanat Acquisition Corp. completed its IPO on May 20, 2026, raising gross proceeds of $75 million from the sale of 7.5 million Class A ordinary shares at $10.00 per share. Additionally, the company raised $3 million from the sale of 300,000 private placement shares to its sponsor. The IPO incurred total transaction costs of approximately $3.49 million, which included underwriting fees and other offering costs. The company has indicated that it intends to use the proceeds from the IPO and private placement primarily to fund a future business combination.

As of the end of the reporting period, Amanat Acquisition Corp. had cash of $1.6 million available for operational expenses, with plans to utilize these funds for identifying and evaluating potential target businesses for acquisition. The company has not yet entered into any definitive agreements for a business combination and has a 24-month window from the IPO to complete such a transaction. The management has expressed confidence in its ability to meet operational needs without requiring additional funding, although it acknowledges the potential need for further financing depending on the costs associated with identifying and negotiating a business combination.

Looking ahead, Amanat Acquisition Corp. remains focused on identifying suitable acquisition targets and completing a business combination within the stipulated timeframe. The company has not yet generated operational revenues and will continue to incur costs related to its public company obligations and due diligence efforts. The management's outlook emphasizes the importance of strategic decision-making in the pursuit of a successful business combination, which is critical for the company's future growth and shareholder value.