Hall Chadwick Acquisition Corp. Reports $1.37 Million Net Income for Quarter Ending June 30, 2026

Hall Chadwick Acquisition Corp. reported its financial results for the quarter ending June 30, 2026, revealing a net income of $1.37 million, a significant increase from a net loss of $20,313 during the same period in the previous year. The company generated this income primarily from interest and dividends earned on cash and investments held in its Trust Account, totaling $1.86 million for the quarter. For the six months ending June 30, 2026, the net income reached $3.03 million, compared to the same period last year, which also recorded a loss. The increase in profitability is attributed to the company's investment income, which has been bolstered by the funds raised during its Initial Public Offering (IPO).

The company’s total assets as of June 30, 2026, amounted to $211.61 million, a slight increase from $208.56 million at the end of 2025. The Trust Account, which holds the proceeds from the IPO, contained $211.48 million, reflecting a modest increase from $207.79 million at the end of the previous fiscal year. However, the company’s cash reserves outside the Trust Account decreased to $35,741 from $631,366, indicating a shift in liquidity management as it prepares for its planned business combination.

In terms of strategic developments, Hall Chadwick Acquisition Corp. is in the process of finalizing a business combination with REEcycle Holdings, Inc., a company focused on recycling rare earth elements. This agreement, announced on May 31, 2026, is expected to close in the fourth quarter of 2026, pending regulatory approvals and other customary closing conditions. The merger aims to leverage REEcycle's innovative hydrometallurgical techniques for recovering rare earths, which are critical for various high-tech applications.

Operationally, the company has not yet commenced any business operations since its inception on May 22, 2025. As of June 30, 2026, Hall Chadwick Acquisition Corp. had 21.31 million Class A ordinary shares and 7.88 million Class B ordinary shares outstanding. The company has incurred total formation and administrative costs of approximately $668,693 for the first half of 2026, reflecting its ongoing efforts to establish a viable business model. The company’s management has indicated that it does not anticipate needing to raise additional equity capital to meet operational expenditures before the business combination is completed.

Looking ahead, Hall Chadwick Acquisition Corp. faces uncertainties regarding its ability to complete the business combination within the designated timeframe. The company has acknowledged potential challenges, including market conditions and the need for additional financing if a significant number of public shares are redeemed. Management remains focused on executing the business combination and is actively evaluating its options to ensure sufficient liquidity and operational capacity moving forward.